Module Details

Module Code: ACCT6009
Title: Financial Accounting
Long Title: Financial Accounting
NFQ Level: Fundamental
Valid From: Semester 2 - 2015/16 ( January 2016 )
Duration: 1 Semester
Credits: 5
Field of Study: 3440 - Accounting, Auditing and Accountability
Module Delivered in: 7 programme(s)
Module Description: This module provides students with an opportunity to further develop the concepts, principles and practices of financial accounting introduced in the module Fundamentals of Financial Accounting.
 
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Apply financial accounting control methods.
LO2 Apply the methods used in incomplete accounting records situations.
LO3 Calculate and interpret financial accounting ratios.
LO4 Prepare financial statements for non profit organisations.
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
Financial Accounting Controls
Sales ledger and purchases ledger control accounts, bank reconciliations, correction of errors and accounting ratios.
Incomplete records
Preparation of financial statements from incomplete financial accounting records.
Accounts preparation
The preparation of accounts for non profit organisations.
Interpretation of financial statements
Ratio analysis of accounting statements of sole traders. Interpretation and explanation of the ratios used.
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
Assessment Description
In Class Assessment
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 Formal Lecture Every Week 3.00 3
Tutorial Contact Questions and answers Every Second Week 0.50 1
Independent & Directed Learning (Non-contact) Non Contact Accounting exercises and readings Every Week 3.50 3.5
Total Hours 7.50
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 3.50
Workload: Part Time
Workload Type Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact Formal lecture Every Week 1.50 1.5
Tutorial Contact Questions and answers Every Second Week 0.25 0.5
Independent & Directed Learning (Non-contact) Non Contact Accounting exercises and readings Every Week 5.50 5.5
Total Hours 7.50
Total Weekly Learner Workload 7.25
Total Weekly Contact Hours 1.75
 
Module Resources
Recommended Book Resources
  • Margaret D`Arcy. (2015), An Introduction To Financial Accounting, First. 9,10,11,13,14,34, Chartered Accountants Ireland, Dublin, p.783, [ISBN: 9781907214615].
This module does not have any article/paper resources
Other Resources
 
Module Delivered in
Programme Code Programme Semester Delivery
CR_BBUSS_7 Bachelor of Business 3 Group Elective 3
CR_BACCT_8 Bachelor of Business (Honours) in Accounting 2 Mandatory
CR_BBISY_8 Bachelor of Business (Honours) in Information Systems 2 Mandatory
CR_BIBLA_8 Bachelor of Business (Honours) in International Business with Language 2 Elective
CR_BACCT_7 Bachelor of Business in Accounting 2 Mandatory
CR_BBUSS_6 Higher Certificate in Business 3 Elective
CR_BACCT_6 Higher Certificate in Business in Accounting 2 Mandatory