Module Code: H7ACCB
Long Title Accounting for Business
Title Accounting for Business
Module Level: LEVEL 7
EQF Level: 6
EHEA Level: First Cycle
Credits: 10
Module Coordinator: DESMOND GIBNEY
Module Author: DESMOND GIBNEY
Departments: School of Computing
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 Understand how the International Accounting Standards affect the presentation of company accounts and apply this to the preparation of Statements of Comprehensive Income and Statements of Financial Position for non-group companies
LO2 Demonstrate an understanding Financial Reporting statements using detailed Ratio analysis to analyse and interpret statements.
LO3 Demonstrate an understanding of control of cash sources and application of funds in the preparation of detailed Operational Cash flow Forecasts to deal with timing of cash flows
LO4 Demonstrate an understanding of the role of accounting in managerial planning and control through Budgeting techniques.
LO5 Prepare detailed Statements of Cash Flows in accordance with International Standards for non-group companies
LO6 Conceptualise and use financial information as developed through proper accounting practices and techniques and understand how financial data supports decision-making, planning and control
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 theory (L01)
Accounting and its regulatory framework IAS 1 Presentation of Financial Statements IAS 33 Earnings per share
Company Accounts
Accounting and Disclosure Requirements of the Company’s Acts Preparation and Presentation of Financial Statements
Statement of Cash Flows (IAS 7)
Construction and Interpretation of Statements of cash flows
Planning Business Performance
Budgets and the budgeting process Master and functional budgets Discretionary cost centres and Zero Based Budgets Human Aspects of Budgeting
Operational Cash flows
Construction and interpretation of Cash Budgets Understanding of the timing issues around source and application of funds Understanding of sources of finance available to a business
Interpreting Business Performance
Ability to calculate a wide range of accounting ratios Use Ratios in the interpretation and critical appraisal of the results of companies
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: 3,4
Non-Marked: No
Assessment Description:
This will consist of a project or case study as part of a business plan. The student will be required to prepare and use a Budget (L04) and or a Cash flow forecast (L03) to demonstrate an understanding of how financial data is collected, processed, presented and interpreted to support a business
End of Module Assessment
Assessment Type: Terminal Exam % of total: 70
Assessment Date: End-of-Semester Outcome addressed: 1,2,3,4,5,6
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 2 Every Week 2.00
Tutorial No Description 1 Every Week 1.00
Independent Learning No Description 7.5 Every Week 7.50
Total Weekly Contact Hours 3.00
Workload: Part Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture No Description 3 Every Week 3.00
Total Weekly Contact Hours 3.00
 

Module Resources

This module does not have any book resources
This module does not have any article/paper resources
This module does not have any other resources
Discussion Note: