Module Details

Module Code: BUSS H2709
Module Title: Financial Reporting
Title: Financial Reporting
Module Level:: 6
Credits:: 5
Module Coordinator:
Module Author:: Ailish O'Brien
Domains:  
Module Description: The aim of this module is to enable students' to prepare the financial statements of a company, incorporating relevant international accounting standards, in the context of an appropriate regulatory and conceptual framework.
 
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Describe the regulatory framework relating to financial reporting.
LO2 Prepare published financial statements, incorporating International Financial Reporting/Accounting Standards and relevant legal requirements
LO3 Apply relevant accounting standards to a range of scenarios.
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
Regulatory and conceptual framework of Accounting.
Role of international accounting profession; development of international accounting standards, regulatory framework of Accounting; users of financial statements; conceptual framework of Accounting. Relevant laws in Ireland, the EU and internationally.
Preparation of financial statements of a company
Income Statement, Statement of Changes in Equity and Statement of Financial Position, complying with relevant accounting standards and laws. Adjustments and notes to the financial statements. Content of financial reports from the viewpoint of various user groups.
Accounting standards
Events after the Reporting Period; Provisions, Contingent Liabilities & Contingent Assets; Changes in Accounting Errors & Estimates; Taxation; Inventories;Tangible & Intangible Non-Current Assets.
Module Content & Assessment
Assessment Breakdown%
Continuous Assessment60.00%
Project40.00%

Assessments

Full Time

Continuous Assessment
Assessment Type Examination % of Total Mark 60
Timing n/a Learning Outcomes 2,3
Non-marked No
Assessment Description
Preparation of financial statements, including adjustments.
Application of accounting standards.
Assessment Type Essay % of Total Mark 40
Timing n/a Learning Outcomes 1
Non-marked No
Assessment Description
Essay discussing the regulatory/conceptual framework of Accounting
No Project
No Practical
No End of Module Formal Examination

Part Time

Continuous Assessment
Assessment Type Examination % of Total Mark 60
Timing Week 9 Learning Outcomes 2,3
Non-marked No
Assessment Description
Preparation of financial statements, including adjustments. Application of accounting standards.
Assessment Type Case Studies % of Total Mark 40
Timing Week 13 Learning Outcomes 1
Non-marked No
Assessment Description
Essay discussing the regulatory/conceptual framework of Accounting.
No Project
No Practical
No End of Module Formal Examination
Reassessment Requirement
Exam Board
It is at the discretion of the Examination Board as to what the qualifying criteria are.

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 Lectures, class exercises, group work. 12 Weeks per Stage 3.00 36
Independent Learning Non Contact Research essay, using resources from academic and professional sources. Work through questions based on material covered in class. 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 Lecture, class exercises, group work. 12 Weeks per Stage 1.50 18
Independent Learning Non Contact Research essay, using resources from academic and professional sources. Work through questions based on material covered in class.No Description 15 Weeks per Stage 2.97 44.5
Total Weekly Contact Hours 1.50
 
Module Resources
Recommended Book Resources
  • Ciaran Connolly. (2018), International Financial Accounting and Reporting, 6th. Chartered Accountants Ireland, Dublin, Ireland, [ISBN: 9781912350-].
  • Margaret Darcy. (2019), An Introduction to Financial Accounting, 2nd Edition. Chartered Accountants of Ireland, Dublin, Ireland., [ISBN: 978-1-912350-].
Supplementary Book Resources
  • Alan Sangster, Lewis Gordan and Frank Wood.. (2021), Frank Wood's Business Accounting, 15th Edition.. Pearson Educational Publishing, United Kingdom, [ISBN: 978129236543].
  • Barry Elliott,Jamie Elliott. (2019), Financial Accounting and Reporting, 19th Edition. Pearson, [ISBN: 9781292255996].
Recommended Article/Paper Resources
Other Resources
Discussion Note: