This module deals with the preparation and analysis of financial statements - including cashflow statements
Learning Outcomes
On successful completion of this module the learner will be able to:
LO1
Evaluate financial statements and analyse financial performance
LO2
Prepare cash flow statements for single entities
LO3
Explain the principles underlying accounting standards listed in indicative content
LO4
Apply the principles underlying the International Financial Reporting Standards listed in the indicative contents
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).
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.
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
Module Content & Assessment
Indicative Content
Interpretation of financial statements
Analysis of the profitability, financial position and investment criteria of users of the financial statements using ratio analysis and report writing
Cash Flow Statements
Presentation and preparation of single entity Cash flow statements, to include advanced topics: leases, grants and revaluation
Reporting standards - specialised topics
Events after the reporting period, Accounting policies, changes in accounting estimates and errors, Leases and Provisions, contingent liabilities and contingent assets
Assessment Breakdown
%
Course Work
30.00%
End of Module Formal Examination
70.00%
Course Work
Assessment Type
Assessment Description
Outcome addressed
% of total
Assessment Date
Short Answer Questions
Evaluation and analysis of financial statements and preparation of financial information using international accounting standards
1,3
30.0
Week 8
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
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
4.0
Every Week
4.00
Independent & Directed Learning (Non-contact)
Review of Lecture
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
2.0
Every Week
2.00
Independent & Directed Learning (Non-contact)
Review of lecture
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
Margaret D'Arcy 2015, An Introduction to Financial Accounting, 1st Ed., Chartered Accountants Ireland Dublin [ISBN: 978-1-907214]
Supplementary Book Resources
Alan Melville 2015, International Financial Reporting, 4th Ed., FT Prentice hall Harlow Essex [ISBN: 978-129208623]
Ciaran Connolly 2015, International Financial Accounting and Reporting, 5th Ed., Chartered Accountants Ireland Dublin [ISBN: 978-191037429]