The learning outcomes will be achieved through the following teaching methodologies; Lectures - communication of knowledge and ideas from the lecturer to the student, Problem Solving Exercises – students will work in and out of class to resolve various accounting problems, E-Learning – The module will be supported with on-line learning materials, and Self-Directed Independent Learning – the emphasis on independent learning will develop autonomous work and learning practices.
Module Aim:
The aim of this module is to introduce students to the preparation of financial statements for sole traders and sports organisations. It is suitable for students who wish to pursue a career in the business of sport.
Learning Outcomes
On successful completion of this module the learner should be able to:
LO1
Prepare financial statements for sole traders
LO2
Prepare the financial statements of a not for profit sports organisation
LO3
Use a Financial Accounting software package.
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
Preparing financial statements
Preparation of final accounts of sole traders. Preparation of final accounts of sports clubs. Inventory, accruals & prepayments, Non-current assets and depreciation. Capital and revenue expenditure.
Techniques for recording Accounting Transactions
Capital and revenue expenditure, non-current assets and depreciation. Control accounts
Financial accounting software
Introduction to use of an online accounting software package for preparation of financial accounting information. Setting up a business and recording of financial accounting transactions.
Assessment Breakdown
%
Continuous Assessment
35.00%
Practical
15.00%
End of Module Formal Examination
50.00%
Continuous Assessment
Assessment Type
Assessment Description
Outcome addressed
% of total
Assessment Date
Other
In class examination / MCQ test
1,2
35.00
n/a
No Project
Practical
Assessment Type
Assessment Description
Outcome addressed
% of total
Assessment Date
Practical/Skills Evaluation
In class practical exam / project
3
15.00
Sem 1 End
End of Module Formal Examination
Assessment Type
Assessment Description
Outcome addressed
% of total
Assessment Date
Formal Exam
2 Hour Written Examination
1,2
50.00
End-of-Semester
SETU Carlow Campus reserves the right to alter the nature and timings of assessment