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.
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.
Assessment Breakdown
%
Continuous Assessment
30.00%
End of Module Formal Examination
70.00%
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
30.00
Week 7
No Project
No Practical
End of Module Formal Examination
Assessment Type
Assessment Description
Outcome addressed
% of total
Assessment Date
Formal Exam
Formal Examination
1,2,3
70.00
End-of-Semester
SETU Carlow Campus reserves the right to alter the nature and timings of assessment