Module Descriptors
AUDIT AND FINANCIAL REPORTING
ACCT60123
Key Facts
Digital, Technology, Innovation and Business
Level 6
30 credits
Contact
Leader: Karl Mccormack
Email: K.McCormack@staffs.ac.uk
Hours of Study
Scheduled Learning and Teaching Activities: 60
Independent Study Hours: 240
Total Learning Hours: 300
Assessment
- CLASS-TEST weighted at 50%
- ASSIGNMENT weighted at 50%
Module Details
Module Special Admissions Requirements
Introduction to Financial Accounting or equivalent and Advanced Financial Accounting or equivalent
Module Texts
Financial Reporting
Elliott B and Elliott J, Financial Accounting and Reporting, 2005, (9th Edition) Prentice Hall. ISBN 0-273-69381-6
Audit
Power, M. (2001) Audit Society. Oxford University Press
Woolf, E. (1997) Auditing Today. Prentice Hall
Elliott B and Elliott J, Financial Accounting and Reporting, 2005, (9th Edition) Prentice Hall. ISBN 0-273-69381-6
Audit
Power, M. (2001) Audit Society. Oxford University Press
Woolf, E. (1997) Auditing Today. Prentice Hall
Module Additional Assessment Details
Semester 1
A Class test - unseen in examination conditions length 1.5 hour(s) weighted at 50% Tests Learning Outcomes (1) and (2)
Semester 2
An assignment length 2,500 words weighted at 50% Tests Learning Outcomes (3) and (4)
A Class test - unseen in examination conditions length 1.5 hour(s) weighted at 50% Tests Learning Outcomes (1) and (2)
Semester 2
An assignment length 2,500 words weighted at 50% Tests Learning Outcomes (3) and (4)
Module Resources
The University Library and learning resources
Electronic databases such as EBSCO, BIDS
Web sites of UK CCAB Accounting Bodies
Web sites of International Accounting Bodies
Electronic databases such as EBSCO, BIDS
Web sites of UK CCAB Accounting Bodies
Web sites of International Accounting Bodies
Module Indicative Content
Financial Reporting
This module develops your knowledge and understanding of Advanced Financial Accounting through the application of the regulatory framework.
You will begin by examining the conceptual framework, the evolution of the regulatory framework within the UK and international standards.
You will further the development of your skills in the preparation of published accounts and go on to study equity liability, asset measurement and disclosure, corporate governance and environmental reporting.
Audit
This module will consider the civic environment and legal framework within which the audit is conducted. Concentrating on ethics, independence, regulations and fraud
The concept, principles and techniques of auditing will be explored. This will include the stages in the audit processes; Audit Planning and control, Internal controls and compliance testing, Substantive testing, Computer controls, Audit Opinion and report.
The overall aim of the module will be to look at contemporary accounting issues within the Financial Reporting and Auditing arena.
This module develops your knowledge and understanding of Advanced Financial Accounting through the application of the regulatory framework.
You will begin by examining the conceptual framework, the evolution of the regulatory framework within the UK and international standards.
You will further the development of your skills in the preparation of published accounts and go on to study equity liability, asset measurement and disclosure, corporate governance and environmental reporting.
Audit
This module will consider the civic environment and legal framework within which the audit is conducted. Concentrating on ethics, independence, regulations and fraud
The concept, principles and techniques of auditing will be explored. This will include the stages in the audit processes; Audit Planning and control, Internal controls and compliance testing, Substantive testing, Computer controls, Audit Opinion and report.
The overall aim of the module will be to look at contemporary accounting issues within the Financial Reporting and Auditing arena.
Learning Strategies
The learning strategy for this module is based around students committing a total of 300 hours of activities towards achieving the learning outcomes. These will be split between 78 hours of direct contact with a tutor and 222 hours of directed, guided and self-study, together with preparation for and completion of the assessment tasks. Learning support material will be provided for the module.
The module will draw upon a mixture of activities including lectures, web-based activities, case study analysis, relevant videos and in-class discussions, individual and group problem solving and self-directed learning.
The module will draw upon a mixture of activities including lectures, web-based activities, case study analysis, relevant videos and in-class discussions, individual and group problem solving and self-directed learning.