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AC.F222: Principles of Financial Accounting


Department: Accounting and Finance NCF Level: FHEQ/QCF/NQF5//RQF5
Study Level: Part II (yr 2) Credit Points: 15.0
Start Date: 23-04-2018 End Date: 04-05-2018
Available for Online Enrolment?: N Enrolment Restriction: Only available to students majoring in delivering department
Module Convenor: Dr JPO Gore

Syllabus Rules and Pre-requisites

  • Prior to AC.F222, the student must have successfully completed:

Curriculum Design: Outline Syllabus


  • This course is available to students on the Ernest Young degree programme only.


    The context for company financial reporting

    Introduction to accounting and financial markets

    Interpretation of financial statements and the use of accounting ratios

    Accrual accounting, creative accounting and earnings management

    The Financial Reporting Framework: Regulation and Monitoring

    Accounting regulation

    Theoretical basis for accounting standards

    Applied study of selected Accounting issues, which may include items from the following list:-

    Inventories and construction contracts

    Intangible assets, Research & Development, and Brands

    Impairment of assets

    Property, Plant & Equipment

    Published accounts of companies and reporting financial performance

    Earnings per share

    Cash flow statements

    Capital Maintenance and Creditor Protection concepts

    Share capital and creditor protection

Curriculum Design: Pre-requisites/Co-requisites/Exclusions

  • To be available exclusively to students of the proposed sandwich degree, BSc (Hons) Accounting, Auditing and Finance.

Curriculum Design: Single, Combined or Consortial Schemes to which the Module Contributes

  • To be available exclusively to students of the proposed sandwich degree, BSc (Hons) Accounting, Auditing and Finance.
  • 75% Exam
  • 25% Coursework

Educational Aims: Subject Specific: Knowledge, Understanding and Skills

  •   To introduce students to the environment within which companies in the UK conduct financial accounting and reporting.

    To introduce students to selected issues relating to regulation and monitoring.

    To introduce aspects of the theory and practice relating to financial accounting and reporting.

    To provide students with an understanding of the principles guiding the regulation of financial reporting.

    To provide students with an understanding of the role of external financial reporting in the efficient allocation of economic resources.

Educational Aims: General: Knowledge, Understanding and Skills

  • Not Provided

Learning Outcomes: Subject Specific: Knowledge, Understanding and Skills

  • On successful completion of this module students will be able to...
      be aware of and understand relevant professional and academic literature on financial reporting;be aware of the accounting methods available in given reporting situations and suggest, based on underlying concepts, and be able to analyse why particular methods might be more appropriate than other alternatives;be able to view accounting information in relation to the financial environment and financial markets in which companies operate and to appreciate the limitations of such accounting information.Be aware of the key requirements of the International Accounting Standards relating to the specific issues covered in the course;know of and be able to utilise accounting reporting principles and accounting techniques appropriate to a range of specific situations examined in the course; and be able to present reasoned arguments relating to the above, both oral (in tutorial discussions) and written (CWA and examination)

Learning Outcomes: General: Knowledge, Understanding and Skills

  • On successful completion of this module students will be able to... not provided

Contact Information

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