Module Details

Module Code: FNCE C2319
Module Title: Intermediate Financial Accounting 2
Title: Intermediate Financial Accounting 2
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. Students will learn how to prepare partnership accounts and will increase their skills in the analysis of financial accounts.
 
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, partnership accounting and interpretation and analysis of financial statements.
LO2 Identify and apply appropriate financial accounting techniques when presented with defined and undefined practical business problems.
LO3 Analyse and interpret results and outcomes within a financial accounting framework and make recommendations
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
Accounting for transactions and events. Preparing Final Accounts
Events after Reporting Period (IAS 10). Provisions, Contingent Liabilties (IAS 37). Intangible Assets (IAS 38). Incomplete Records. Cashflow Statement (IAS 7).
Partnership Accounts:
Partnership agreements, capital & current accounts, appropriation accounts. Preparation of final accounts for partnership. Accounting for changes in partnership (admission, retirement, goodwill, revaluation).
Interpretation of Accounts:
• Purpose of ratio analysis • Calculation of key ratios and identification of significant trends • Interpretation and communication of ratios • Significance and limitations of ratio analysis
Module Content & Assessment
Assessment Breakdown%
Continuous Assessment100.00%

Assessments

Full Time

Continuous Assessment
Assessment Type Other % of Total Mark 50
Timing Week 7 Learning Outcomes 1,2,3
Non-marked No
Assessment Description
Class test, MCQ, Case Study
Assessment Type Other % of Total Mark 50
Timing Week 12 Learning Outcomes 1,2,3
Non-marked No
Assessment Description
Class test/Case Study/MCQ
No Project
No Practical
No End of Module 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.

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 Ed. Chartered Accountants Ireland, [ISBN: 9781912350285].
Supplementary Book Resources
  • Andrew Thomas,Anne Marie Ward. 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: