Module Details

Module Code: ACCT7008
Title: Accounts & Analysis
Long Title: Accounts & Analysis
NFQ Level: Intermediate
Valid From: Semester 1 - 2017/18 ( September 2017 )
Duration: 1 Semester
Credits: 5
Field of Study: 3440 - Accounting, Auditing and Accountability
Module Delivered in: 2 programme(s)
Module Description: This module provides students with an opportunity to develop the concepts, principles and practices introduced in the module Intro to Accounting (Rec Leis) and introduces the management accounting concepts of budgeting, cost classification and breakeven analysis
 
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Prepare financial statements for non profit making organisations
LO2 Discuss the process of cost behaviour and prepare breakeven statements
LO3 Explain the budgeting process, budgetary control and prepare budgets applicable in the leisure industry
LO4 Prepare financial statements for companies.
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 Statements for non profit oganisations
Subscriptions, donations and life membership, year end adjustments and the preparation of financial statements for non profit oganisations
Cost Behaviour
Fixed, variable and semi-variable costs, contribution, break even analysis, margin of safety and their limitations
Budgeting
The budgeting process, budgetary control and the preparation of cash and other budgets
Financial Statements for companies
Types of shares, dividends, loans and loan interest, year end adjustments and the preparation of final accounts for companies
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 7 Learning Outcomes 1,2
Assessment Description
Short answer questions assessing topics covered from Weeks 1-6
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 4.00 4
Independent & Directed Learning (Non-contact) Non Contact Accounting questions Every Week 3.00 3
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 4.00
This module has no Part Time workload.
 
Module Resources
Recommended Book Resources
  • Frank Wood and Alan Sangster. (2015), Business Accounting 1, 13th Edition. Prentice Hall, [ISBN: 9781292084664].
  • Pauline Weetnam. (2015), Financial and Management Accounting, 7th. Prentice Hall, [ISBN: 9781292086590].
Supplementary Book Resources
  • CIMA. (2015), CIMA C01 Study Text Fundamentals of Management Accounting, Kaplan Publishing, [ISBN: 9781784152819].
This module does not have any article/paper resources
This module does not have any other resources
 
Module Delivered in
Programme Code Programme Semester Delivery
CR_BSPRT_8 Bachelor of Business (Honours) in Sport & Exercise Management 4 Mandatory
CR_BRECL_7 Bachelor of Business in Recreation and Leisure Management 4 Mandatory