Module Title:Financial Reporting
Language of Instruction:English
Credits: 5
NFQ Level:6
Module Delivered In 3 programme(s)
Teaching & Learning Strategies: Class exercises, group work, lectures and independent learning.
Module Aim: The aim of this module is to enable students' to prepare the financial statements of a company, incorporating relevant international accounting standards, in the context of an appropriate regulatory and conceptual framework.
Learning Outcomes
On successful completion of this module the learner should be able to:
LO1 Describe the regulatory framework relating to financial reporting.
LO2 Prepare published financial statements, incorporating International Financial Reporting/Accounting Standards and relevant legal requirements
LO3 Apply relevant accounting standards to a range of scenarios.
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
Regulatory and conceptual framework of Accounting.
Role of international accounting profession; development of international accounting standards, regulatory framework of Accounting; users of financial statements; conceptual framework of Accounting. Relevant laws in Ireland, the EU and internationally.
Preparation of financial statements of a company
Income Statement, Statement of Changes in Equity and Statement of Financial Position, complying with relevant accounting standards and laws. Adjustments and notes to the financial statements. Content of financial reports from the viewpoint of various user groups.
Accounting standards
Events after the Reporting Period; Provisions, Contingent Liabilities & Contingent Assets; Changes in Accounting Errors & Estimates; Taxation; Inventories;Tangible & Intangible Non-Current Assets.
Assessment Breakdown%
Continuous Assessment60.00%
Project40.00%
Continuous Assessment
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Examination Preparation of financial statements, including adjustments. Application of accounting standards. 2,3 60.00 n/a
Essay Essay discussing the regulatory/conceptual framework of Accounting 1 40.00 n/a
No Project
No Practical
No End of Module Formal Examination
Continuous Assessment
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Examination Preparation of financial statements, including adjustments. Application of accounting standards. 2,3 60.00 Week 9
Case Studies Essay discussing the regulatory/conceptual framework of Accounting. 1 40.00 Week 13
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
Independent Learning 15 Weeks per Stage 5.93
Total Hours 125.00
Workload: Part Time
Workload Type Frequency Average Weekly Learner Workload
Lecture 12 Weeks per Stage 1.50
Independent Learning 15 Weeks per Stage 2.97
Total Hours 62.50
 

Module Delivered In

Programme Code Programme Semester Delivery
CW_BWBUS_B Bachelor of Business (Honours) Options: in Business or Digital Marketing 3 Elective
CW_BWBUS_D Bachelor of Business Options: Business or Digital Marketing 3 Elective
CW_BWBUS_C Higher Certificate in Business 3 Elective