Module Details

Module Code: ACCT7014
Title: Financial Accounting Analysis
Long Title: Financial Accounting Analysis
NFQ Level: Intermediate
Valid From: Semester 1 - 2016/17 ( September 2016 )
Duration: 1 Semester
Credits: 5
Field of Study: 3440 - Accounting, Auditing and Accountability
Module Delivered in: 5 programme(s)
Module Description: This module deals with the preparation and analysis of financial statements - including cashflow statements
 
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Evaluate financial statements and analyse financial performance
LO2 Prepare cash flow statements for single entities
LO3 Explain the principles underlying accounting standards listed in indicative content
LO4 Apply the principles underlying the International Financial Reporting Standards listed in the indicative contents
Dependencies
Module Recommendations

This is prior learning (or a practical skill) that is strongly recommended before enrolment in this module. You may enrol in this module if you have not acquired the recommended learning but you will have considerable difficulty in passing (i.e. achieving the learning outcomes of) the module. While the prior learning is expressed as named MTU module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s).
Incompatible Modules
These are modules which have learning outcomes that are too similar to the learning outcomes of this module. You may not earn additional credit for the same learning and therefore you may not enrol in this module if you have successfully completed any modules in the incompatible list.
No incompatible modules listed
Co-requisite Modules
No Co-requisite modules listed
Requirements

This is prior learning (or a practical skill) that is mandatory before enrolment in this module is allowed. You may not enrol on this module if you have not acquired the learning specified in this section.
No requirements listed
 
Indicative Content
Interpretation of financial statements
Analysis of the profitability, financial position and investment criteria of users of the financial statements using ratio analysis and report writing
Cash Flow Statements
Presentation and preparation of single entity Cash flow statements, to include advanced topics: leases, grants and revaluation
Reporting standards - specialised topics
Events after the reporting period, Accounting policies, changes in accounting estimates and errors, Leases and Provisions, contingent liabilities and contingent assets
Module Content & Assessment
Assessment Breakdown%
Coursework30.00%
End of Module Formal Examination70.00%

Assessments

Coursework
Assessment Type Short Answer Questions % of Total Mark 30
Timing Week 8 Learning Outcomes 1,3
Assessment Description
Evaluation and analysis of financial statements and preparation of financial information using international accounting standards
End of Module Formal Examination
Assessment Type Formal Exam % of Total Mark 70
Timing End-of-Semester Learning Outcomes 1,2,3,4
Assessment Description
End-of-Semester Final Examination
Reassessment Requirement
Repeat examination
Reassessment of this module will consist of a repeat examination. It is possible that there will also be a requirement to be reassessed in a coursework element.

The University reserves the right to alter the nature and timings of assessment

 

Module Workload

Workload: Full Time
Workload Type Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact Lecture Every Week 4.00 4
Independent & Directed Learning (Non-contact) Non Contact Review of Lecture Every Week 3.00 3
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 4.00
Workload: Part Time
Workload Type Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact Lecture Every Week 2.00 2
Independent & Directed Learning (Non-contact) Non Contact Review of lecture Every Week 5.00 5
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 2.00
 
Module Resources
Recommended Book Resources
  • Margaret D'Arcy. (2015), An Introduction to Financial Accounting, 1st. Chartered Accountants Ireland, Dublin, [ISBN: 978-1-907214].
Supplementary Book Resources
  • Alan Melville. (2015), International Financial Reporting, 4th. FT Prentice hall Harlow, Essex, [ISBN: 978-129208623].
  • Ciaran Connolly. (2015), International Financial Accounting and Reporting, 5th. Chartered Accountants Ireland, Dublin, [ISBN: 978-191037429].
Recommended Article/Paper Resources
  • Course Manual.
Other Resources
 
Module Delivered in
Programme Code Programme Semester Delivery
CR_BBUSS_7 Bachelor of Business 4 Group Elective 3
CR_BACCT_8 Bachelor of Business (Honours) in Accounting 4 Mandatory
CR_BACCT_7 Bachelor of Business in Accounting 4 Mandatory
CR_BBUSS_6 Higher Certificate in Business 4 Elective
CR_BACCT_6 Higher Certificate in Business in Accounting 4 Mandatory