Module Code: H7FAR
Long Title Financial Analysis & Reporting
Title Financial Analysis & Reporting
Module Level: LEVEL 7
EQF Level: 6
EHEA Level: First Cycle
Credits: 5
Module Coordinator: MICHAEL BANE
Module Author: Andrea Del Campo Dugova
Departments: School of Business
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 key accounting concepts underpinning the preparation of the financial statements.
LO2 Differentiate between different types of business structure and explain the implications of each.
LO3 Demonstrate an understanding of double entry book-keeping and knowledge of accounting books and records derived from the double entry book-keeping system.
LO4 Demonstrate an ability to prepare a Statement of Profit & Loss and a Statement of Financial Position.
LO5 Demonstrate the skills to evaluate business performance - interpreting and analysing accounts to understand the key financial KPIs of the business and understanding how the business is performing against its competitors.
LO6 Understand the budgeting process and have an ability to prepare cash budgets.
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).
No recommendations listed
Co-requisite Modules
No Co-requisite modules listed
Entry requirements  
 

Module Content & Assessment

Indicative Content
Introduction to Finance
• Understanding of accounting terminology • Different business structures, sole trader, private limited company, public limited company • General Introduction to accounting standards, concepts, accounting bases and accounting policies (including IFRS’s)
Double Entry Booking
• Preparation of accounts from books of prime entry using double entry the double-entry booking system. • Preparation of personal ledger accounts for Receivables and Payables including reconciliation to Control Accounts. • Preparation of the Trial Balance
Financial Statements and Accounting Adjustments
• Introduction to accruals, prepayments, depreciation, bad debts • Appreciation of provisions and contingencies in financial statements • Introduction to financial statements of sole traders and companies including an appreciation of the purpose of Statement of Profit or Loss and Statement of Financial Position • Preparation of bank reconciliations
Financial Statement Interpretation and Analysis
• Interpreting information in financial statements – Ratio and Trend analysis • Understanding its importance to the business and investors
Budgeting
• Budgeting: How to prepare your budget? How to review your budget? • Construction and interpretation of cash budgets/forecasts • Analyse methods of monitoring and controlling costs
Assessment Breakdown%
Coursework50.00%
End of Module Assessment50.00%

Assessments

Full Time

Coursework
Assessment Type: CA 1 % of total: 50
Assessment Date: n/a Outcome addressed: 1,2,3,4
Non-Marked: No
Assessment Description:
This will be an assessment issued to students in week 10 of the semester. The CA will be an assessment designed to improve and enhance the student learning and to ensure students have achieved their learning outcomes. The CA will be issued through Moodle and students will have two weeks to complete and submit the assessment
End of Module Assessment
Assessment Type: Terminal Exam % of total: 50
Assessment Date: End-of-Semester Outcome addressed: 1,2,3,4,5,6
Non-Marked: No
Assessment Description:
The end of semester final assessment will be issued to students 2 weeks after the completion of the semester. The FA will be issued through Moodle and students will have two weeks to complete and submit the assessment.
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.
Reassessment Description
Repeat Assessment is re-submission of Assessment.  One re-submission attempt allowed per Assessment. 

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 Classroom and demonstrations 24 Per Semester 2.00
Tutorial Mentoring and small-group tutoring 12 Per Semester 1.00
Independent Learning No Description 89 Per Semester 7.42
Total Weekly Contact Hours 3.00
 

Module Resources

Recommended Book Resources
  • Dyson, J.R., and Franklin, E.,. (2020), Accounting for non-Accounting Students, 10th Ed. FT Prentice Hall..
  • Atrill, P & McLaney, E.,. (2019), Accounting and Finance for Non-Specialists,, 11th Ed. Pearson Education Limited..
  • Gowthorpe, C.,. (2005), Management Accounting for non-specialists,, 2nd Ed. Thomson.
  • Jones M.,. (2002), Accounting for Non-specialists, Wiley.
This module does not have any article/paper resources
Other Resources
  • [Website], https://www.accountingtechniciansireland .ie/.
  • [Website], https://www.cpaireland.ie/.
  • [Website], https://www.cimaglobal.com/.
  • [Website], https://www.accaglobal.com/.
  • [Website], https://www.charteredaccountants.ie/.
  • [Website], Media Website: http://www.irishtimes.com/business.
  • [Website], Media Website: http://www.independent.ie/business/.
  • [Website], Media Website: http://businessandfinance.com/.
  • [Website], Journal Website: https://www.journalofaccountancy.com/.
Discussion Note: