Module Title:Essential Financial Accounting 2
Language of Instruction:English
Credits: 5
NFQ Level:6
Module Delivered In 1 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. Prepare final accounts.
LO2 Identify and apply appropriate financial accounting techniques when presented with defined and undefined practical business problems.
LO3 Analyse and interpret results and outcomes within a financial accounting framework and make recommendations.
LO4 Demonstrate the use of a financial accounting package and excel for financial accounting purposes.
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
Preparation of Financial Statements
Financial Reports for Limited Companies with adjustments.
Interpretation of Financial Statements
Introduction to ratio analysis. Introduction to key ratios, profitability, liquidity and efficiency ratios. Interpretation and communication of results. Limitations of ratio analysis.
Techniques for recording Accounting Transactions
Capital & revenue expenditure. Accounting for non current assets and depreciaton. Control accounts.
Financial accounting using a cloud based accounting software package.
Introduction to Microsoft Excel for accounting transactions. Demonstrate the use of recording daily transactions in a cloud based financial accounting software package.
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
Other Class Test or Essay or take home assignment or MCQ's. 1,2,3 45.00 Sem 2 End
Practical/Skills Evaluation Presentation of Accounting information on excel. Demonstrate the use of a financial accounting package. 4 15.00 Sem 2 End
No Project
No Practical
No End of Module Formal Examination

SETU Carlow Campus 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
Laboratory 12 Weeks per Stage 1.00
Independent Learning 15 Weeks per Stage 5.13
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_BBCAA_C Higher Certificate in Accounting 2 Mandatory