Module Details
Module Code: |
BUSS H2709 |
Module Title:
|
Financial Reporting
|
Title:
|
Financial Reporting
|
Module Level:: |
6 |
Module Author:: |
Ailish O'Brien
|
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 Assessment | 60.00% |
Project | 40.00% |
AssessmentsFull Time
No End of Module Formal Examination |
Part Time
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 |
---|
-
De George, E. and Shivakumar, L.. (2016), A review of the IFRS adoption literature, Review of Accounting Studies, 21(3),
-
Houke, N,. (2018), A review of the current debate on the
determinants and consequences of
mandatory IFRS adoption, 26(3),
-
Boolaky, P.K., Omoteso, K., Ibrahim,
M.U. and Adelopo, I.. (2018), The development of accountingpractices
and the adoption ofIFRS in selected MENA
countries, Journal of Accounting in Emerging
Economies, 8(3),
-
Stobierski, T.. (2020), https://online.hbs.edu/blog/post/how-to-
read-an-annual-report, Harvard Business Review- Business
Insights,
| Other Resources |
---|
-
International Financial Reporting
Organisation. International Financial Reporting
Standards,
-
Chartered Accountants Association of
Ireland.
-
Association of Chartered Certified
Accountants.
-
Certified Institute of Management
Accountants.
-
Certified Public Accountants of Ireland.
-
Financial Reporting Council.
-
Companies Registration Office, Ireland,
|
|