Module Code: H7FACC3
Long Title Financial Accounting 3
Title Financial Accounting 3
Module Level: LEVEL 7
EQF Level: 6
EHEA Level: First Cycle
Credits: 5
Module Coordinator: AKARI DEVELOPER
Module Author: DESMOND GIBNEY
Departments:  
Specifications of the qualifications and experience required of staff  
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Demonstrate an understanding of the important theories of accounting
LO2 Understand the content of, and theory behind specific International Accounting Standards ( as listed in the syllabus content on the following page)
LO3 Apply their knowledge of the International Accounting Standards to the preparation of detailed Statements of Comprehensive Income and Statements of Financial Position for non-group companies
LO4 Prepare detailed Statements of Cash Flows in accordance with International Standards for non-group companies
LO5 Conceptualise and use financial information as developed through proper accounting practices and techniques
Dependencies
Module Recommendations

This is prior learning (or a practical skill) that is required before enrolment on this module. While the prior learning is expressed as named NCI module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s).
18481 H7FACC2 Financial Accounting 2
Co-requisite Modules
No Co-requisite modules listed
Entry requirements  
 

Module Content & Assessment

Indicative Content
Teaching methodology
Lectures Case studies Tutorials
Accounting Standards (35%)
• IAS 33: Earnings Per Share (Basic) • IAS 11: Construction Contracts • IAS 16: Property, Plant and Equipment • IAS 40: Investment Property
Company Accounts (Continued) (30%)
• Accounting and Disclosure Requirements of the Companies Acts • Preparation and Presentation of Financial Statements
Analysis of Financial Statements including Cash Flows (10%)
• Interpretation of the financial information from the point of view of users of the financial statements
Statement of Cash Flows (IAS 7) (25%)
• Construction and Interpretation of Statements of cash flows
Assessment Breakdown%
Coursework30.00%
End of Module Assessment70.00%

Assessments

Full Time

Coursework
Assessment Type: Mid Semester Examination % of total: 30
Assessment Date: n/a Outcome addressed: 2,3
Non-Marked: No
Assessment Description:
This will consist of a one hour examination. The emphasis will be on the understanding of accounting standards
End of Module Assessment
Assessment Type: Terminal Exam % of total: 70
Assessment Date: End-of-Semester Outcome addressed: 1,2,3,4,5
Non-Marked: No
Assessment Description:
End-of-Semester Final Examination
No Workplace Assessment
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.

NCIRL reserves the right to alter the nature and timings of assessment

 

Module Workload

Module Target Workload Hours 0 Hours
Workload: Full Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture No Description 4 Every Week 4.00
Practical No Description 1 Every Week 1.00
Total Weekly Contact Hours 5.00
Workload: Part Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture No Description 4 Every Week 4.00
Total Weekly Contact Hours 4.00
 

Module Resources

Recommended Book Resources
  • Ciaran Connolly. (2011), International Financial Accounting and Reporting,, 3rd ed. The Institute of Chartered Accountants in Ireland.
  • Relevant Accounting standards. na.
Supplementary Book Resources
  • Wood & Sangster, Business Accounting 2,(12th edition) FT Prentice Hall.(2009). na.
This module does not have any article/paper resources
This module does not have any other resources
Discussion Note: