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ACCT8002 - Financial Report Single Entity

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Title:Financial Report Single Entity
Long Title:Financial Report Single Entity
Module Code:ACCT8002
  
Credits: 5
NFQ Level:Advanced
Field of Study: Accounting, Auditing and Accountability
Valid From: Semester 1 - 2016/17 ( September 2016 )
Module Delivered in 1 programme(s)
Module Coordinator: CATHERINE MURPHY
Module Author: MARTIN O SULLIVAN
Module Description: This module deals with the preparation and analysis of financial statements of single entities at an advanced level and considers the regulatory framework under which they are prepared.
Learning Outcomes
On successful completion of this module the learner will be able to:
LO1 Discuss the problems of profit measurement and the effect of alternative approaches to asset measurement.
LO2 Evaluate the statutory and professional regulation of financial reporting including the underlying concepts of international financial reporting standards
LO3 Prepare statements of profit or loss and other comprehensive income,statements of financial position and statements of changes in equity.
LO4 Analyse and report on the financial performance and position of a corporate entity.
LO5 Discuss current and potential developments in Financial Reporting.
Pre-requisite learning
Module Recommendations
This is prior learning (or a practical skill) that is strongly recommended before enrolment in this module. You may enrol in this module if you have not acquired the recommended learning but you will have considerable difficulty in passing (i.e. achieving the learning outcomes of) the module. While the prior learning is expressed as named CIT module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s).
9465 ACCT7004 Adv. Financial Accounting 1
Incompatible Modules
These are modules which have learning outcomes that are too similar to the learning outcomes of this module. You may not earn additional credit for the same learning and therefore you may not enrol in this module if you have successfully completed any modules in the incompatible list.
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. You may not enrol on this module if you have not acquired the learning specified in this section.
No requirements listed
Co-requisites
No Co Requisites listed
 

Module Content & Assessment

Indicative Content
Accounting theory and regulatory framework
Concepts; statutory and professional regulation
Preparation of financial statements
Financial statements reflecting the performance and position of single entities
Financial analysis
Preparation of analysis and reports on the company's financial statements including segmental reports
Developments in financial reporting
Current and likely future development in regulation and reporting
Assessment Breakdown%
Course Work30.00%
End of Module Formal Examination70.00%
Course Work
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Short Answer Questions Preparation of financial statements using knowledge of statutory and professional regulation. 2,3 30.0 Week 9
End of Module Formal Examination
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Formal Exam End-of-Semester Final Examination 1,2,3,4,5 70.0 End-of-Semester
Reassessment Requirement
Repeat examination
Reassessment of this module will consist of a repeat examination. It is possible that there will also be a requirement to be reassessed in a coursework element.

The institute reserves the right to alter the nature and timings of assessment

 

Module Workload

Workload: Full Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture Lecture and demonstration 3.0 Every Week 3.00
Tutorial Review of lecture material 1.0 Every Week 1.00
Independent & Directed Learning (Non-contact) Study and practise 3.0 Every Week 3.00
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 4.00
Workload: Part Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture Lecture and demonstrations 2.0 Every Week 2.00
Independent & Directed Learning (Non-contact) Review of material and practical work 5.0 Every Week 5.00
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 2.00
 

Module Resources

Recommended Book Resources
  • Derry Cotter 2012, Advanced Financial Reporting - A Complete Guide to IFRS, 1st Ed., Pearson Education Limited [ISBN: 978-0-273-73235-8]
Supplementary Book Resources
  • Ciaran Connolly 2015, International Financial Accounting and Reporting, 5th Ed., Chartered Accountants Ireland Dublin [ISBN: 9781907214-64-6]
This module does not have any article/paper resources
Other Resources
 

Module Delivered in

Programme Code Programme Semester Delivery
CR_BACCT_8 Bachelor of Business (Honours) in Accounting 7 Mandatory

Cork Institute of Technology
Rossa Avenue, Bishopstown, Cork

Tel: 021-4326100     Fax: 021-4545343
Email: help@cit.edu.ie