Module Title:Finance for Sport 1
Language of Instruction:English
Credits: 10
NFQ Level:6
Module Delivered In 4 programme(s)
Teaching & Learning Strategies: The learning outcomes will be achieved through the following teaching methodologies; Lectures - communication of knowledge and ideas from the lecturer to the student, Problem Solving Exercises – students will work in and out of class to resolve various accounting problems, E-Learning – The module will be supported with on-line learning materials, and Self-Directed Independent Learning – the emphasis on independent learning will develop autonomous work and learning practices.
Module Aim: The aim of this module is to introduce students to the preparation of financial statements for sole traders and sports organisations. It is suitable for students who wish to pursue a career in the business of sport.
Learning Outcomes
On successful completion of this module the learner should be able to:
LO1 Prepare accounting records to record financial transactions in the books of prime entry.
LO2 Enter transactions through the double entry accounting system.
LO3 Prepare a trial balance and financial statements for sole traders and sports organisations.
LO4 Use a Financial Accounting software package.
Pre-requisite learning
Module Recommendations

This is prior learning (or a practical skill) that is recommended before enrolment in this module.

No recommendations listed
Incompatible Modules
These are modules which have learning outcomes that are too similar to the learning outcomes of this module.
No incompatible modules listed
Co-requisite Modules
No Co-requisite modules listed
Requirements
This is prior learning (or a practical skill) that is mandatory before enrolment in this module is allowed.
No requirements listed
 

Module Content & Assessment

Indicative Content
Financial accounting fundamentals
• Types of business entity • Accounting terminology • Accounting concepts and principles • Users of Accounting information and their needs
Double entry book keeping
• Form and content of accounting records • Books of original entry • Ledger accounting and double entry • Capital v Revenue expenditure • Control Accounts • Accounting for errors • Non Current Assets and Depreciation • Accounting for VAT • Accounting for Wages • Bank Reconciliation statements
Preparing financial statements
• Key features of financial statements e.g. Inventory, accruals / prepayments, bad debts and provision for bad debts • Preparation of accounts for Sole traders • Preparation of accounts for sports clubs / organisations
Financial accounting software
• Preparation of financial accounting information by utilising a financial accounting package with an emphasis on sales, purchases and nominal ledger
Assessment Breakdown%
Continuous Assessment25.00%
Practical15.00%
End of Module Formal Examination60.00%
Continuous Assessment
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Other In class examinations / MCQ tests throughout the year 1,2,3 25.00 n/a
No Project
Practical
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Practical/Skills Evaluation In class practical exam / project 4 15.00 Sem 1 End
End of Module Formal Examination
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Formal Exam 2 Hour Written Examination 1,2,3,4 60.00 End-of-Semester

ITCarlow reserves the right to alter the nature and timings of assessment

 

Module Workload

Workload: Full Time
Workload Type Frequency Average Weekly Learner Workload
Lecture 30 Weeks per Stage 3.00
Practicals 30 Weeks per Stage 0.50
Estimated Learner Hours 30 Weeks per Stage 3.17
Total Hours 200.00
 

Module Delivered In

Programme Code Programme Semester Delivery
CW_BBGAA_D BA in Sport Coaching & Business Management (GAA) 2 Mandatory
CW_BBRUG_D BA in Sport Coaching & Business Management (Rugby) 2 Mandatory
CW_BBSOC_D BA in Sport Coaching & Business Management (Soccer) 2 Mandatory
CW_BBSMC_B Bachelor of Arts (Honours) in Sport Management and Coaching 2 Mandatory