ACCT B8005 - Financial Accounting

Module Details

Module Code: ACCT B8005
Full Title: Financial Accounting
Valid From:: Semester 1 - 2019/20 ( June 2019 )
Language of Instruction:English
Duration: 2 Semesters
Credits:: 10
Module Owner:: John Morrison
Departments: Unknown
Module Description: no description provided
 
Module Learning Outcome
On successful completion of this module the learner will be able to:
# Module Learning Outcome Description
MLO1 Articulate the conceptual and regulatory framework for financial reporting.
MLO2 Appraise and apply specified accounting concepts and theories to various practical financial accounting situations
MLO3 Revise and reinforce the basic debit and credit rules learned in Year 1 by applying them to the situations in 2 above.
MLO4 Prepare in accordance with standard accounting practice an advanced set of financial statements for a commercial enterprise.
Pre-requisite learning
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 DkIT module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s).
No recommendations listed
 
Module Indicative Content
The conceptual and regulatory framework for financial reporting
Need for a conceptual framework, Characteristics of useful information, Recognition and measurement, Regulatory framework , FRS 102
Accounting for transactions in financial statements
Tangible non current assets, Intangible assets, Impairment of assets,Revenue,Government grants, Leasing, Provisions and events after the reporting period, Inventories and biological assets,Taxation,Changes in accounting policies and errors, Discontinued operations , Foreign currency
Preparation of financial statements
Review of debit and credit rules, Journals, Extended Trial Balance, Incomplete records, Presentation of published financial statements
Module Assessment
Assessment Breakdown%
Course Work20.00%
Final Examination80.00%
Module Special Regulation
 

Assessments

Full-time

Course Work
Assessment Type Class Test % of Total Mark 20
Marks Out Of 0 Pass Mark 0
Timing S1 Week 11 Learning Outcome 1,2,3,4
Duration in minutes 60
Assessment Description
n/a
No Project
No Practical
Final Examination
Assessment Type Formal Exam % of Total Mark 80
Marks Out Of 0 Pass Mark 0
Timing End-of-Semester Learning Outcome  
Duration in minutes 0
Assessment Description
Written Examination

Part-time

Course Work
Assessment Type Class Test % of Total Mark 20
Marks Out Of 0 Pass Mark 0
Timing S1 Week 11 Learning Outcome 1,2,3,4
Duration in minutes 60
Assessment Description
n/a
No Project
No Practical
No Final Examination
Reassessment Requirement
A 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.

DKIT 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 No Description Every Week 3.00 3
Directed Reading Non Contact No Description Every Week 3.00 3
Independent Study Non Contact No Description Every Week 3.00 3
Total Weekly Learner Workload 9.00
Total Weekly Contact Hours 3.00
Workload: Part-time
Workload Type Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact No Description Every Week 3.00 3
Directed Reading Non Contact No Description Every Week 3.00 3
Independent Study Non Contact No Description Every Week 3.00 3
Total Weekly Learner Workload 9.00
Total Weekly Contact Hours 3.00
 
Module Resources
Recommended Book Resources
  • BPP Professional Education. ACCA Paper (FR) Financial Reporting, Annually updated. 1-6 , 12-17, BPP Professional Education, England, [ISBN: 9781509716784].
  • Kaplan Publishing. ACCA Financial Reporting Study text, Annually updated. Kaplan Publishing, England, [ISBN: 9781787400856].
Recommended Article/Paper Resources
  • Relevant International Financial Reporting Standards, Professional Institute Accounting Journals, Accounting Press, Company Annual Reports.
This module does not have any other resources