Module Descriptors
INTERMEDIATE FINANCIAL ACCOUNTING
ACCT50096
Key Facts
Faculty of Business, Education and Law
Level 5
15 credits
Contact
Leader: Helen Buttery
Email: H.Buttery@staffs.ac.uk
Hours of Study
Scheduled Learning and Teaching Activities: 36
Independent Study Hours: 114
Total Learning Hours: 150
Assessment
- EXAMINATION - UNSEEN IN EXAMINATION CONDITIONS weighted at 100%
Module Details
Module Resources
The University library and learning resources
Electronic data bases such as EBSCO
Internet
E-mail
Excel
Electronic data bases such as EBSCO
Internet
Excel
Module Learning Strategies
The learning strategy for the module requires students to commit 150 learning hours (including assessment) of this there will be 36 hours of class support and 114 hours of independent and self directed study learning support material will be provided for the module.
The lectures will provide the main advanced financial accounting themes, analysis of concepts and their application. This knowledge will be reinforced by the preparation and discussion of questions in the tutorials and by students self directed study time. The latter will include visiting corporate web sites to support the knowledge acquired.
The lectures will provide the main advanced financial accounting themes, analysis of concepts and their application. This knowledge will be reinforced by the preparation and discussion of questions in the tutorials and by students self directed study time. The latter will include visiting corporate web sites to support the knowledge acquired.
Module Indicative Content
The module aims to build on the basics of accounting previously covered; to develop students to be able to prepare the published accounts of limited companies in accordance with International Accounting Standards. The students will gain an understanding of the regulatory framework of accounting and knowledge of how to prepare the Income Statement, Statement of Changes in Equity and the Balance Sheet with supporting disclosure notes. A number of key financial standards will be discussed, establishing the reason for them and the application of them. These will include but will not be limited to IAS 1, Presentation of Financial Statements; IAS 16, Property, Plant and Equipment; IAS 17 Leases and IAS 10, Events after the Balance Sheet Date.
Students will use spreadsheets to prepare extended trial balances to assist in the preparation of the final accounts.
Students will use spreadsheets to prepare extended trial balances to assist in the preparation of the final accounts.
Module Texts
Alfredson K, Leo K, Picker R, Pacter P, Radford J, Wise V. (2005). Applying International Accounting Standards. John Wiley & Sons. ISBN 0-470-80494-0
Alexander D, Britton A & Jorissen A. (2005). International Financial Reporting and Analysis, 2nd edition. Thomson Learning. ISBN 1-84480-201-9
Melville A, (2008). International Financial Reporting - A Practical Guide. FT Prentice Hall. ISBN 978-0-273-70872-8
Mirza A.A, Holt G.J, Orrell M. (2006). IFRS Workbook and Guide. John Wiley & Sons. ISBN 0-471-69742-7
Alexander D, Britton A & Jorissen A. (2005). International Financial Reporting and Analysis, 2nd edition. Thomson Learning. ISBN 1-84480-201-9
Melville A, (2008). International Financial Reporting - A Practical Guide. FT Prentice Hall. ISBN 978-0-273-70872-8
Mirza A.A, Holt G.J, Orrell M. (2006). IFRS Workbook and Guide. John Wiley & Sons. ISBN 0-471-69742-7
Module Special Admissions Requirements
Introduction to Financial Accounting or equivalent
Module Additional Assessment Details
Details :- The examination will be sat unseen in examination conditions.
The examination will test Learning Outcomes 1and 2.
The examination will test Learning Outcomes 1and 2.