Module Details

Module Code: FNCE C2402
Module Title: Intermediate Financial Accounting 1
Title: Intermediate Financial Accounting 1
Module Level:: 6
Credits:: 5
Module Coordinator: Martin Meagher
Module Author:: Mairead Bohan
Domains:  
Module Description: The aim of this module is to expand the students’ existing knowledge of Financial Accounting, increasing their comprehension and application of advanced transactions recording. They will further develop their skills in the preparation of final financial statements.
 
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Define and explain the key terms, concepts and practices for financial reporting, recording advanced accounting transactions, preparing final financial statements.
LO2 Identify and apply appropriate financial accounting techniques when presented with defined and undefined practical business problems.
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
Principles of Financial Accounting & the Regulatory framework:
The nature and objectives of financial reporting, The regulatory framework. Accounting principles concepts and policies. Ethics.
Recording transactions & preparing for final accounts
Accounting for PPE: cost, revaluation, depreciation, disposal, recognition (IAS 16, IAS 23). Provision for Doubtful Debts. Accruals & Prepayments. Closing year end accounts. Correction of errors & suspense accounts. Inventory Valuation.
Preparing final financial statements:
Preparation of Financial Statements in a form fit for publication (IAS 1)
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
Non-marked No
Assessment Description
class exam, MCQ,
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
Non-marked No
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.

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 Every Week 3.00 3
Independent Learning Non Contact No Description Every Week 6.00 6
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 No Description 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
  • Margaret D'Arcy. (2019), An Introduction to Financial Accounting, 2nd. Chartered Accountants Ireland, [ISBN: 9781912350285].
Supplementary Book Resources
  • Andrew Thomas,Anne Marie Ward. (2019), Introduction to Financial Accounting, 9e, 9th Ed. McGraw Hill Education, [ISBN: 9781526803009].
This module does not have any article/paper resources
Other Resources
Discussion Note: