Module Descriptors
AUDITING AND FINANCIAL REPORTING
XXFO60040
Key Facts
Faculty of Business, Education and Law
Level 6
30 credits
Hours of Study
Scheduled Learning and Teaching Activities: 60
Independent Study Hours: 240
Total Learning Hours: 300
Assessment
- ASSIGNMENT weighted at 50%
- EXAMINATION - UNSEEN IN EXAMINATION CONDITIONS weighted at 50%
Module Details
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.
Audit
You will then consider the civic environment and legal framework within which the audit is conducted. Concentrating on ethics, independence, regulations, fraud and environmental auditing.
The concepts, 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.
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.
Audit
You will then consider the civic environment and legal framework within which the audit is conducted. Concentrating on ethics, independence, regulations, fraud and environmental auditing.
The concepts, 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.
Module Learning Strategies
The learning strategy for the module requires students to commit 300 learning hours (including assessment) of this there will be 60 hours of class support and 240 hours of independent and self directed study. Support will also be given by access to Scheduled Tutor Office Hours to support the module.
12 hours of lectures/large group based activity
24 hours of formal lectures
24 hours of tutor led activity - workshops and case study activity
12 hours of lectures/large group based activity
24 hours of formal lectures
24 hours of tutor led activity - workshops and case study activity
Module Texts
Financial Reporting:-
Elliott B and Elliott J, (2009) Financial Accounting and Reporting. Prentice Hall.
Melville A (2008) International Financial Reporting, Prentice Hall.
Audit:-
Gray I and Manson S (2008) The Audit Process: Principles, Practices and Cases. Thompson
Millichamp A & Taylor J (2008) Auditing. Cengage Learning.
Tinsley S (2001) Environmental Management Plans Demystified: A Guide to Implementing ISO 14001, SPON Press
Elliott B and Elliott J, (2009) Financial Accounting and Reporting. Prentice Hall.
Melville A (2008) International Financial Reporting, Prentice Hall.
Audit:-
Gray I and Manson S (2008) The Audit Process: Principles, Practices and Cases. Thompson
Millichamp A & Taylor J (2008) Auditing. Cengage Learning.
Tinsley S (2001) Environmental Management Plans Demystified: A Guide to Implementing ISO 14001, SPON Press
Module Additional Assessment Details
Semester 1
An individual assignment length 2,500 words weighted at 50% Tests Learning Outcomes 1 and 2
The assignment requires students to challenge aspects of the current Reporting Regulation Framework.
Semester 2
An examination length 2 hour(s) weighted at 50% Tests Learning Outcomes 3 and 4
An individual assignment length 2,500 words weighted at 50% Tests Learning Outcomes 1 and 2
The assignment requires students to challenge aspects of the current Reporting Regulation Framework.
Semester 2
An examination length 2 hour(s) 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
The module website
Electronic databases such as EBSCO, BIDS
Web sites of UK CCAB Accounting Bodies
Web sites of International Accounting Bodies
The module website
Module Special Admissions Requirements
Introduction to Financial Accounting or equivalent and Advanced Financial Accounting or equivalent