Module Title:Fundamental 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: This module is designed to further develop financial accounting principles, knowledge and practices so that students can process advanced financial accounting transactions, apply financial accounting controls and prepare, interpret and report on financial statements for different types of business entities. The depth and breadth of module content and assessment are designed to gain maximum exemptions from professional accountancy bodies, appropriate to a B.A. (Honours) in Accounting programme.
Learning Outcomes
On successful completion of this module the learner should be able to:
LO1 Apply financial accounting control methods
LO2 Identify, calculate and record accounting adjustments and calculate and interpret financial accounting key ratios
LO3 Prepare final accounts for partnerships and companies and basic accounts from incomplete records
LO4 Demonstrate the use of an integrated financial accounting package to record accounting transactions and information
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 Controls
Correction of Errors and Suspense Accounts; Control Accounts.
Recording of Transactions and Accounting Systems
Bad debts and provision for bad debts; Accruals and Prepayments; Capital and revenue expenditure; Non-current assets and depreciation; Use of an integrated accounting package.
Financial Statements Preparation
Preparation of final accounts for partnerships and companies (not in published format); Preparation of accounts from Incomplete Records.
Introduction to Ratio Analysis
Calculation and analysis of key profitability, liquidity and efficiency ratios.
Assessment Breakdown%
Continuous Assessment15.00%
Practical15.00%
End of Module Formal Examination70.00%
Continuous Assessment
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Examination In-Class written assessment including numerical and/or theoretical questions. 1,2 15.00 Week 7
No Project
Practical
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Practical/Skills Evaluation Lab Practical Test 4 15.00 Week 12
End of Module Formal Examination
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Formal Exam End-of-Semester Final Examination 1,2,3 70.00 End-of-Semester

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 Every Week 3.00
Practicals Every Week 1.00
Independent Learning Every Week 5.00
Total Hours 9.00
Workload: Part Time
Workload Type Frequency Average Weekly Learner Workload
Lecture Every Week 2.00
Independent Learning Time Every Week 7.00
Total Hours 9.00
 

Module Delivered In

Programme Code Programme Semester Delivery
CW_BBACT_B Bachelor of Arts (Honours) in Accounting 2 Mandatory