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 equip students with the technical knowledge, skills and competence to apply the requirements of international standards together with an ability to analyse and interpret financial statements. This module builds on prior knowledge to include the preparation of the statement of cash flows and an introduction to the preparation of consolidated financial statements. The depth and breadth of module content and assessment are designed to gain maximum exemptions from professional accountancy bodies, appropriate to an Honours Accounting programme.
Learning Outcomes
On successful completion of this module the learner should be able to:
LO1
Evaluate and apply a selection of current international accounting standards
LO2
Prepare and interpret a statement of cash flows for a single entity
LO3
Analyse, interpret and report on financial statements to user groups
LO4
Understand and apply the basic principles of preparing consolidated financial statements for a simple group
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
International Accounting Standards - Specialised Topics
Leases (IFRS 16);
Earnings per Share (IAS 33);
Key differences between examinable IFRS and local GAAP FRS 102.
Financial Statements Preparation
Preparation of the Statement of Cash Flows in accordance with IAS 7
Analysis and Interpretation of Financial Statements
Calculation and interpretation of a full range of accounting ratios;
Communication of analysis and interpretation of accounts;
Limitations of interpretation techniques.
Introduction to the preparation of consolidated financial statements
Introduction to the concept of a group, the objective of consolidated financial statements and the motives for business combinations;
Relationships between group companies and the circumstances
for subsidiaries to be excluded from consolidation;
Accounting considerations, including the treatment of intra-group transactions, intra-group dividends and calculation of goodwill at acquisition;
Preparation of a basic set of consolidated financial statements for a wholly owned subsidiary.
Assessment Breakdown
%
End of Module Formal Examination
100.00%
Continuous Assessment
Assessment Type
Assessment Description
Outcome addressed
% of total
Assessment Date
Other
Formative Assessments including MCQs / Short Numerical Answer Questions / Progress Tests
1,2,3,4
0.00
Ongoing
No Project
No Practical
End of Module Formal Examination
Assessment Type
Assessment Description
Outcome addressed
% of total
Assessment Date
Formal Exam
End-of-Semester Final Examination
1,2,3,4
100.00
End-of-Semester
SETU Carlow Campus reserves the right to alter the nature and timings of assessment