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ACC30020

Academic Year 2024/2025

Financial Accounting 3 (ACC30020)

Subject:
Accountancy
College:
Business
School:
Business
Level:
3 (Degree)
Credits:
5
Module Coordinator:
Siddharth Mahendra Purohit
Trimester:
Spring
Mode of Delivery:
On Campus
Internship Module:
No
How will I be graded?
Letter grades

Curricular information is subject to change.

This module develops students' knowledge of financial accounting and reporting by building on foundations laid at Levels 1 and 2. The module aims to improve students' ability to apply accounting methods to more challenging transactions of companies and for more complex corporate structures than dealt with previously. The module focuses on the financial reporting standards used by EU companies to report financial information. The module also develops students' ability to critically appraise the financial reporting framework and standards used by companies. Topics covered include the usefulness of financial reporting, i.e. the role of financial reporting in investment and other decision-making; the financial reporting regulatory framework; concepts such as faithful representation (including substance over form) and relevance; preparation of group accounts; accounting for financial instruments, intangible assets, leases, pensions, foreign currencies.

About this Module

Learning Outcomes:

On completion of this module, students should be able to: 1. Understand and coherently discuss the role and limitations of financial reporting. 2. Prepare group (consolidated) accounts for simple group structures incorporating subsidiaries and associated companies. 3. Present company and consolidated Income Statements and Statements of Financial Position to shareholders in compliance with financial reporting standards. 4. Account for advanced-level transactions in areas such as financial instruments, foreign currency, leases, pensions and intangible assets. 5. Understand and critically evaluate key trends in financial reporting standard-setting 6. Understand public interest implications of financial reporting.

Student Effort Hours:
Student Effort Type Hours
Lectures

24
Small Group

12
Specified Learning Activities

24
Autonomous Student Learning

60
Total

120

Approaches to Teaching and Learning:
active/task-based learning; lectures; reflective learning

Requirements, Exclusions and Recommendations
Learning Recommendations:

Level 2 Financial Accounting (ACC20010/ ACC20020)


Module Requisites and Incompatibles
Incompatibles:
SMGT10010 - Financial Management of Sport, SMGT30190 - Adv Financial Mgt of Sport


 

Assessment Strategy
Description Timing Component Scale Must Pass Component % of Final Grade In Module Component Repeat Offered
Quizzes/Short Exercises: This assessment will be worth 15% of the final grade for the module and will be based on an online closed-book MCQ test. This test will be held after Week 6. Week 11 Standard conversion grade scale 40% No
15
 No
Exam (In-person): This will be a two-hour closed-book final examination which will be worth 85% of the final grade for the module. End of trimester
Duration:
2 hr(s)
 Standard conversion grade scale 40% No
85
 Yes

Carry forward of passed components
No
 

Resit In Terminal Exam
Autumn Yes - 2 Hour
Please see Student Jargon Buster for more information about remediation types and timing. 

Feedback Strategy/Strategies

• Feedback individually to students, post-assessment

How will my Feedback be Delivered?

Not yet recorded.

Name Role
Dr Collette Kirwan Lecturer / Co-Lecturer
Siddharth Mahendra Purohit Lecturer / Co-Lecturer
Dr John McCallig Tutor

Timetabling information is displayed only for guidance purposes, relates to the current Academic Year only and is subject to change.
Spring External & School Exams Offering 1 Week(s) - 30 Tues 18:30 - 19:30
Spring Lecture Offering 1 Week(s) - 20, 21, 22, 23, 24, 25, 26, 29, 30, 31, 32, 33 Wed 13:00 - 14:50
Spring Small Group Offering 1 Week(s) - 20, 21, 22, 23, 24, 25, 26, 29, 30, 31, 32, 33 Thurs 16:00 - 16:50
Spring Small Group Offering 2 Week(s) - 20, 21, 22, 23, 24, 25, 26, 29, 30, 31, 32, 33 Thurs 15:00 - 15:50
Spring Small Group Offering 3 Week(s) - 20, 21, 22, 23, 24, 25, 26, 29, 30, 31, 32, 33 Thurs 11:00 - 11:50
Spring Small Group Offering 4 Week(s) - 20, 21, 22, 23, 24, 25, 26, 29, 30, 31, 32, 33 Thurs 12:00 - 12:50
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