Module Code: H6FINAC
Long Title Financial Accounting
Title Financial Accounting
Module Level: LEVEL 6
EQF Level: 5
EHEA Level: Short Cycle
Credits: 10
Module Coordinator: CORINA SHEERIN
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 LO 1. Demonstrate an understanding of the theoretical background to accounting
LO2 LO 1. Demonstrate an understanding of accounting concepts inherent in accounting and the accounting bases developed from the underlying concepts of accounting
LO3 LO 2. Demonstrate an understanding of the regulatory framework underlying accounting
LO4 LO 3. Demonstrate an understanding of the application of the double entry system of book-keeping, together with knowledge of the accounts and records that are derived from that system .
LO5 LO 4. Draft and distinguish between the financial statements of different types of enterprise
LO6 LO 5. Prepare the personal ledgers and reconcile them to the relevant control accounts
LO7 LO 6. Prepare bank reconciliations and value stocks (at basic level)
LO8 LO 7. Calculate accounting ratios and to use them in the interpretation of the results of companies
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 accounting
Accounting concepts, accounting bases and accounting policies Understanding of background behind, and application of the International Accounting Standards, International Financial Reporting Standards, Financial Reporting Standards and Statements of Standard Accounting Practice insofar as they relate to this course at first year level
Basic book-keeping principles
The preparation of accounts from books of prime entry using the double - entry Accounting for fixed assets and appreciation Accounting for accruals and prepayments, bad debts and provisions for doubtful debts, stocks, V.A.T
Introduction to Financial Statements of Different Types of Enterprise
Manufacturing and trading and profit and loss accounts Accounts of sole traders Accounts of limited companies Bank reconciliations An introduction to the use of ratios etc. in the interpretation of financial statements
Teaching methodology
Lectures Case studies Tutorials
Assessment Breakdown%
Coursework30.00%
End of Module Assessment70.00%

Assessments

Full Time

Coursework
Assessment Type: Assignment % of total: 30
Assessment Date: n/a Outcome addressed: 1,2,3,4,5,6,7,8
Non-Marked: No
Assessment Description:
Project
End of Module Assessment
Assessment Type: Terminal Exam % of total: 70
Assessment Date: End-of-Semester Outcome addressed:  
Non-Marked: No
Assessment Description:
End-of-Semester Final Examination
No Workplace 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 No Description 4 Every Week 4.00
Tutorial 9hrs per semester 0 Every Week 0.00
Total Weekly Contact Hours 4.00
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
  • Wood & Sangster, Business Accounting. (11th edition) FT Prentice Hall. (2008).
  • Relevant Accounting Standards.
Supplementary Book Resources
  • Andrew Thomas and Anne Marie Ward, An introduction to Financial Accounting. (6th edition) Mc Graw Hill (2009).
This module does not have any article/paper resources
This module does not have any other resources
Discussion Note: