Module Title:Business Financial Accounting 1
Language of Instruction:English
Credits: 5
NFQ Level:6
Module Delivered In 13 programme(s)
Teaching & Learning Strategies: Lectures - communication of knowledge and ideas from the lecturer to the student. Problem Solving Exercises - student will work as part of a team and will work together to resolve various accounting scenarios. Class Discussion/Debate - Students will be encouraged to actively participate in the class sessions which will develop their analytical and communication skills. E-Learning - It is envisaged that the module will be supported with on-line learning materials. Self-Direct Independent Learning - the emphasis on independent learning will develop a strong and autonomous work and learning practices.
Module Aim: The aim of this module is to develop skills and knowledge of the role, function and basic principles of financial accounting, master the rules of double entry bookkeeping, and develop the ability to prepare and interpret financial statements for different types of business entities.
Learning Outcomes
On successful completion of this module the learner should be able to:
LO1 Apply the tools and techniques that are used in the area of financial accounting.
LO2 Identify and apply appropriate financial accounting techniques when presented with defined and undefined practical business problems.
LO3 Prepare final accounts.
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
Role and Principles of Financial Accounting
The purpose and communication of accounting information; Nature, scope, purposes and limitations of financial information.
Techniques for recording Accounting Transactions
Accounting Equation. Recording transactions using double entry rule. Accounting Ledgers and Trial balance. Bank Reconciliation Statements.
Preparation of Financial Statements
Final Accounts for the Sole Trader with adjustments.
Assessment Breakdown%
Continuous Assessment100.00%
Continuous Assessment
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Other Class Test or Essay or take home assignment or MCQs 1,2,3 40.00 Week 7
Case Studies Class Test or Essay or take home assignment or MCQ's. 1,2,3 60.00 Week 12
No Project
No Practical
No End of Module Formal Examination

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 12 Weeks per Stage 3.00
Independent Learning 15 Weeks per Stage 5.93
Total Hours 125.00
Workload: Part Time
Workload Type Frequency Average Weekly Learner Workload
Lecture Every Week 1.50
Independent Learning Time Every Week 7.50
Total Hours 9.00
 

Module Delivered In

Programme Code Programme Semester Delivery
CW_BBACF_B Bachelor of Business (Honours) in Accounting and Finance 1 Mandatory
CW_BBLAW_B Bachelor of Business (Honours) in Business with Law 1 Mandatory
CW_BBHRM_B Bachelor of Business (Honours) in Human Resource Management 1 Mandatory
CW_BBBBM_B Bachelor of Business (Honours) in Management 1 Mandatory
CW_HHMKT_B Bachelor of Business (Honours) in Marketing 1 Mandatory
CW_BBSCM_B Bachelor of Business (Honours) in Supply Chain Management 1 Mandatory
CW_BBHRM_D Bachelor of Business in Human Resource Management 1 Mandatory
CW_BBINB_D Bachelor of Business in International Business incorporating Double Degree 1 Mandatory
CW_BPMKT_D Bachelor of Business in Marketing 1 Mandatory
CW_BBSCM_D Bachelor of Business in Supply Chain Management 1 Mandatory
CW_BBLEG_C_1 Higher Certificate in Arts in Legal Studies 1 Mandatory
CW_BBBUS_C Higher Certificate in Business 1 Mandatory
CW_BBLAW_C Higher Certificate in Business with Law 1 Mandatory