Core
4
6 ECTS
Autumn
None
EC250
TBA
2017
Accounting statements
The balance sheet: purpose, components, format, effect of transactions
The income statement: purpose, components, format, effect of transactions
The cash flow statement: format, components and how it links income statement and balance sheet
Accounting records: structure and terminology
Accrual adjustments and financial statements preparation
Financial statement analysis: basic framework
| Type | Number per Term | Duration | Total Time |
|---|---|---|---|
|
Lectures |
15 | 1.5 | 22.5 |
|
Workshops |
5 | 1.5 | 7.5 |
|
Seminars |
5 | 1.5 | 7.5 |
| Tutorials | 5 | 1.5 | 7.5 |
| Total Guided/Independent Learning Hours | 45.0 | ||
| Total Contact Hours | 105.0 | ||
| Total Engagement Hours | 150.0 | ||
| Type | Number Required | Duration / Length | Weighting | Timing / Submission Deadline |
|---|---|---|---|---|
|
Final exam |
1 |
3 hours |
50% |
Week 17 |
|
Mid-term exam |
1 |
2 hours |
20% |
Week 8 |
|
Written test/report (analysis of financial statements) |
2 |
2 x 1 hour (2 hours total) |
2 x 15% (30% total) |
Week 4,12 |
Intended Learning Outcomes:
Demonstrable understanding of accounting principles and standards
Knowledge of the accounting process and preparation of the financial statements
Accurately describe key accounting concepts such as profit, cash flow, loss provisioning and accruals
Articulate on how business transactions affect financial statements
Use previously established methods to research and collect new information.
Teaching and Learning Strategy:
Lectures will be based on the key textbook. Additional textbooks will be used in order to provide a good knowledge base, while articles from the popular journals will be used to keep students u to date with the newest situation in the field of Financial Accounting. (ILO: 1-4)
In-class exercises will encourage students to actively participate and apply theoretical knowledge. (ILO: 1-4)
In-class participation and discussions will also encourage active participation. (ILO: 1-4)
Group project will be based on the Case study analyses and it will enable students to better comprehend practical application of the theoretical knowledge learned in the class. (ILO: 1-5)
Assessment Strategy:
Final exam (ILO:1-4)
Midterm exam (ILO: 1-2)
Reports (ILO: 1-4)
Practical Skills:
Ability to interpret corporate financial statements
Ability to create written reports on topics related to Financial Accounting
Ability to identify financial problems and (at least theoretically) apply related solutions
Teaching and Learning Strategy:
Lectures (PS: 1-2)
In-class exercises (PS: 1-3)
Assessment Strategy:
Written Tests (PS: 1-3)
Reports (PS: 1-2)
Transferable Skills:
Numerical skills
Communication skills: written and oral
Research skills
Ability to work in the group
Meet deadlines
Teaching and Learning Strategy:
Lectures (TS: 1-2)
In-class exercises (TS: 1-2)
Assessment Strategy:
Exams and tests (TS: 1-2)
Reports (TS: 1-5)
Set text
Tyler, J., Godwin, N. H., & Alderman, C. W. (2016) ACCT2 Financial, Cengage Learning
Supplementary Materials
Alexander, D. & Nobes, C. (2016) Financial Accounting: An International Introduction, 6/E. Pearson
Birt, J. (2014) Accounting: Business reporting for decision making. Milton, Wiley
Deegan, C. M. (2016) Financial Accounting. North Ryde, NSW: McGraw-Hill Education.
"Financial Accounting Standards Board | Economist - World News, Politics, Economics, Business & Finance". The Economist. N.p., 2017. Web. 25 Apr. 2017.
"Accounting". Hbr.org. N.p., 2017. Web. 25 Apr. 2017.
Kemp, R. & Waybright, J. (2016) Financial Accounting, 4/E, Pearson
Sivabalan, P., Sawyers, R., Jackson, S., & Jenkins, J. G. (2016) ACCT2 managerial, Cengage Learning
Walther, L. (2016). Principles of Accounting, http://www.principlesofaccounting.com
Weetman, P. (2016) Financial Accounting: An Introduction, 7/E, Pearson
Wiley (2017), Journal of Accounting Research, http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1475-679X
Please note
This specification provides a concise summary of the main features of the module and the learning outcomes that a typical student might reasonably be expected to achieve and demonstrate if he/she takes full advantage of the learning opportunities that are provided.
More detailed information on the learning outcomes, content and teaching, learning and assessment methods of each module and programme can be found in the departmental or programme handbook.
The accuracy of the information contained in this document is reviewed annually by the University of Buckingham and may be checked by the Quality Assurance Agency.
Date of Production : April 2017
Date approved by School Learning and Teaching Committee:
Date approved by School Board of Study :
Date approved by University Learning and Teaching Committee:
Date of Annual Review:
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