Module Details

Module Code: ACCT8002
Title: Financial Report Single Entity
Long Title: Financial Report Single Entity
NFQ Level: Advanced
Valid From: Semester 1 - 2016/17 ( September 2016 )
Duration: 1 Semester
Credits: 5
Field of Study: 3440 - Accounting, Auditing and Accountability
Module Delivered in: 1 programme(s)
Module Description: This module deals with the preparation and analysis of financial statements of single entities at an advanced level and considers the regulatory framework under which they are prepared.
 
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Discuss the problems of profit measurement and the effect of alternative approaches to asset measurement.
LO2 Evaluate the statutory and professional regulation of financial reporting including the underlying concepts of international financial reporting standards
LO3 Prepare statements of profit or loss and other comprehensive income,statements of financial position and statements of changes in equity.
LO4 Analyse and report on the financial performance and position of a corporate entity.
LO5 Discuss current and potential developments in Financial Reporting.
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).
9465 ACCT7004 Adv. Financial Accounting 1
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
Accounting theory and regulatory framework
Concepts; statutory and professional regulation
Preparation of financial statements
Financial statements reflecting the performance and position of single entities
Financial analysis
Preparation of analysis and reports on the company's financial statements including segmental reports
Developments in financial reporting
Current and likely future development in regulation and reporting
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 9 Learning Outcomes 2,3
Assessment Description
Preparation of financial statements using knowledge of statutory and professional regulation.
End of Module Formal Examination
Assessment Type Formal Exam % of Total Mark 70
Timing End-of-Semester Learning Outcomes 1,2,3,4,5
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 and demonstration Every Week 3.00 3
Tutorial Contact Review of lecture material Every Week 1.00 1
Independent & Directed Learning (Non-contact) Non Contact Study and practise 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 and demonstrations Every Week 2.00 2
Independent & Directed Learning (Non-contact) Non Contact Review of material and practical work 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
  • Derry Cotter. (2012), Advanced Financial Reporting - A Complete Guide to IFRS, 1st. Pearson Education Limited, [ISBN: 978-0-273-73235-8].
Supplementary Book Resources
  • Ciaran Connolly. (2015), International Financial Accounting and Reporting, 5th. Chartered Accountants Ireland, Dublin, [ISBN: 9781907214-64-6].
This module does not have any article/paper resources
Other Resources
 
Module Delivered in
Programme Code Programme Semester Delivery
CR_BACCT_8 Bachelor of Business (Honours) in Accounting 7 Mandatory