Module Details

Module Code: ACCT C1322
Module Title: Business Financial Accounting 1
Title: Business Financial Accounting 1
Module Level:: 6
Credits:: 5
Module Coordinator: Myles Kelly
Module Author:: Annette Holden
Domains: Business
Module Description: The aim of this module is to develop skills and knowledge of the role, function and basic principles of financial accounting, master the rules of double entry bookkeeping, and develop the ability to prepare and interpret financial statements for different types of business entities.
 
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Apply the tools and techniques that are used in the area of financial accounting.
LO2 Identify and apply appropriate financial accounting techniques when presented with defined and undefined practical business problems.
LO3 Prepare final accounts.
Dependencies
Module Recommendations

This is prior learning (or a practical skill) that is recommended before enrolment in this module.
No recommendations listed
Co-requisite Modules
No Co-requisite modules listed
Additional Requisite Information
No Co Requisites listed
 
Indicative Content
Role and Principles of Financial Accounting
The purpose and communication of accounting information; Nature, scope, purposes and limitations of financial information.
Techniques for recording Accounting Transactions
Accounting Equation. Recording transactions using double entry rule. Accounting Ledgers and Trial balance. Bank Reconciliation Statements.
Preparation of Financial Statements
Final Accounts for the Sole Trader with adjustments.
Module Content & Assessment
Assessment Breakdown%
Continuous Assessment30.00%
End of Module Formal Examination70.00%

Assessments

Full Time

Continuous Assessment
Assessment Type Other % of Total Mark 30
Timing Week 7 Learning Outcomes 1,2,3
Non-marked No
Assessment Description
Class Test or Essay or take home assignment or MCQs
No Project
No Practical
End of Module Formal Examination
Assessment Type Formal Exam % of Total Mark 70
Timing End-of-Semester Learning Outcomes 1,2,3
Non-marked No
Assessment Description
Formal 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.
Reassessment Description
Repeat Examination

SETU Carlow Campus reserves the right to alter the nature and timings of assessment

 

Module Workload

Workload: Full Time
Workload Type Workload Category Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact Class Based Instruction 12 Weeks per Stage 3.00 36
Independent Learning Non Contact No Description 15 Weeks per Stage 5.93 89
Total Weekly Contact Hours 3.00
Workload: Part Time
Workload Type Workload Category Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact Class Based Instruction Every Week 1.50 1.5
Independent Learning Time Non Contact No Description Every Week 7.50 7.5
Total Weekly Contact Hours 1.50
 
Module Resources
Recommended Book Resources
  • Wood & Sangster. (2017), Business Accounting 1 eBook link Business Accounting 1 /Frank Wood Latest edition E-book version available: https://libsearch.itcarlow.ie/cgi-bin/koha/opac-detail.pl?biblionumber=49349&query_desc=au%2Cwrdl%3A%20frank%20wood, 14th. Pearson, UK.
Supplementary Book Resources
  • Frank Wood and David Horner. (2010), Business Accounting Basics available in the library, Financial Times Prentice hall, 2010.
  • Margaretta D'Arcy. (2019), An Introduction to Financial Accounting, Mc Graw-Hill Education, [ISBN: 9781907214615].
  • Andrew Thomas and Anne Marie Ward. (2019), Introduction to Financial Accounting, 8th. McGraw Hill HIgher Education.
This module does not have any article/paper resources
Other Resources
Discussion Note: