The aim of this module is to introduce students to the preparation of financial statements for sole traders and sports organisations. It is suitable for students who wish to pursue a career in the business of sport.
Learning Outcomes
On successful completion of this module the learner will be able to:
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Learning Outcome Description
LO1
Prepare financial statements for sole traders
LO2
Prepare the financial statements of a not for profit sports organisation
LO3
Use a Financial Accounting software package.
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
Preparing financial statements
Preparation of final accounts of sole traders. Preparation of final accounts of sports clubs. Inventory, accruals & prepayments, Non-current assets and depreciation. Capital and revenue expenditure.
Techniques for recording Accounting Transactions
Capital and revenue expenditure, non-current assets and depreciation. Control accounts
Financial accounting software
Introduction to use of an online accounting software package for preparation of financial accounting information. Setting up a business and recording of financial accounting transactions.
Module Content & Assessment
Assessment Breakdown
%
Continuous Assessment
35.00%
Practical
15.00%
End of Module Formal Examination
50.00%
Assessments
Full Time
Continuous Assessment
Assessment Type
Other
% of Total Mark
35
Timing
n/a
Learning Outcomes
1,2
Non-marked
No
Assessment Description In class examination / MCQ test
No Project
Practical
Assessment Type
Practical/Skills Evaluation
% of Total Mark
15
Timing
Sem 1 End
Learning Outcomes
3
Non-marked
No
Assessment Description In class practical exam / project
End of Module Formal Examination
Assessment Type
Formal Exam
% of Total Mark
50
Timing
End-of-Semester
Learning Outcomes
1,2
Non-marked
No
Assessment Description 2 Hour Written 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 A two hour repeat exam in the autumn.
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
No Description
Every Week
3.00
3
Practicals
Contact
No Description
Every Week
1.00
1
Estimated Learner Hours
Non Contact
No Description
Every Week
5.00
5
Total Weekly Contact Hours
4.00
Module Resources
Recommended Book Resources
Frank Woods. (2018), Business Accounting 1, 14th. Pearson, [ISBN: 9781292208640].
Robert Wilson. (2011), Managing SportFinance, Routledge.
This module does not have any article/paper resources
Other Resources
IT Carlow has an extensive range of
online resources that should be accessed
when students are completing their
projects.,