Module Details

Module Code: FOUNC1301
Module Title: Fundamental Financial Accounting 2
Title: Fundamental Financial Accounting 2
Module Level:: 6
Credits:: 5
Module Coordinator: Martin Meagher
Module Author:: Susan Brennan
Domains: Business
Module Description: This module is designed to further develop financial accounting principles, knowledge and practices so that students can process advanced financial accounting transactions, apply financial accounting controls and prepare, interpret and report on financial statements for different types of business entities. The depth and breadth of module content and assessment are designed to gain maximum exemptions from professional accountancy bodies, appropriate to a B.A. (Honours) in Accounting programme.
 
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Apply financial accounting control methods
LO2 Identify, calculate and record accounting adjustments and calculate and interpret financial accounting key ratios
LO3 Prepare final accounts for partnerships and companies and basic accounts from incomplete records
LO4 Demonstrate the use of an integrated financial accounting package to record accounting transactions and information
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
Financial Accounting Controls
Correction of Errors and Suspense Accounts; Control Accounts.
Recording of Transactions and Accounting Systems
Bad debts and provision for bad debts; Accruals and Prepayments; Capital and revenue expenditure; Non-current assets and depreciation; Use of an integrated accounting package.
Financial Statements Preparation
Preparation of final accounts for partnerships and companies (not in published format); Preparation of accounts from Incomplete Records.
Introduction to Ratio Analysis
Calculation and analysis of key profitability, liquidity and efficiency ratios.
Module Content & Assessment
Assessment Breakdown%
Continuous Assessment15.00%
Practical15.00%
End of Module Formal Examination70.00%

Assessments

Full Time

Continuous Assessment
Assessment Type Examination % of Total Mark 15
Timing Week 7 Learning Outcomes 1,2
Non-marked No
Assessment Description
In-Class written assessment including numerical and/or theoretical questions.
No Project
Practical
Assessment Type Practical/Skills Evaluation % of Total Mark 15
Timing Week 12 Learning Outcomes 4
Non-marked No
Assessment Description
Lab Practical Test
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
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
Practicals Contact Lab Based Instruction Every Week 1.00 1
Independent Learning Non Contact No Description Every Week 5.00 5
Total Weekly Contact Hours 4.00
Workload: Part Time
Workload Type Workload Category Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact No Description Every Week 2.00 2
Independent Learning Time Non Contact No Description Every Week 7.00 7
Total Weekly Contact Hours 2.00
 
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 and Anne Marie Ward. (2019), Introduction to Financial Accounting, 9th. McGraw Hill/Europe, Middle East & Africa, [ISBN: 9781526803009].
  • Frank Wood and David Horner. (2010), Business Accounting Basics, Pearson.
This module does not have any article/paper resources
Other Resources
Discussion Note: