Module Code: H6FR
Long Title Financial Analysis & Reporting
Title Financial Analysis & Reporting
Module Level: LEVEL 6
EQF Level: 5
EHEA Level: Short Cycle
Credits: 5
Module Coordinator: MICHAEL BANE
Module Author: CORINA SHEERIN
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 the theoretical background to accounting, accounting concepts inherent in accounting and the accounting bases developed from the underlying concepts of accounting and the regulatory system of accounting.
LO2 Demonstrate a basic 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.
LO3 Draft basic financial statements of a company
LO4 Analyse the financial position, performance and future prospects of a company through accounting ratios.
LO5 Students will demonstrate an understanding of the budgeting process and an ability to prepare basic 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 Accounting (Week 1)
• 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 (Week 2-6)
• The preparation of accounts from books of prime entry using the double – entry and demonstrate a basic understanding of topics such as: o Accounting for fixed assets and depreciation o Accounting for accruals and prepayments, bad debts and provisions for doubtful debts, stocks, V.A.T. o Bank Reconciliations
Introduction to Financial Statements of Companies (Week 7-9)
• Accounts of limited companies
Analysis of the Financial Position and Performance of the Business (Week 10-11)
• An introduction to the use of ratios etc. in the interpretation.
Budgeting (Week 12-13)
• Budgeting concepts • Construction and interpretation of basic cash budgets
Assessment Breakdown%
Coursework30.00%
End of Module Assessment70.00%

Assessments

Full Time

Coursework
Assessment Type: Mid Semester Examination % of total: 15
Assessment Date: n/a Outcome addressed: 1,2
Non-Marked: No
Assessment Description:
This will be a one hour examination, early in the course, designed to examine learners’ grasp of the topics covered.
Assessment Type: Mid Semester Examination % of total: 15
Assessment Date: n/a Outcome addressed: 1,2,3,4,5
Non-Marked: No
Assessment Description:
This will be a one hour examination of theoretical concepts, designed to examine learner’s understanding of the topics covered.
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 2 Every Week 2.00
Practical No Description 2 Every Week 2.00
Independent Learning No Description 77 Per 15 week block 5.13
Total Weekly Contact Hours 4.00
 

Module Resources

Recommended Book Resources
  • Atrill, P. and McLaney, E.. (2012), Accounting and Finance for Non-specialists, 8th Edition. Pearson Education.
Supplementary Book Resources
  • Carey,M., Knowles,C. and Towers-Clark, J. (2014), Accounting:A Smart Approach, 2nd edt. Oxford University Press.
  • John R. Dyson. (2010), Accounting for non-accounting students, Financial Times/Prentice Hall, Harlow, [ISBN: 9780273722977].
  • Horner, D.. (2013), Accounting for Non-Accountants, 9th edition. Kogan Page.
  • Wood, F. and Robinson, S.. (2013), Book keeping and Accounts, 8th edition. Pearson Education.
This module does not have any article/paper resources
Other Resources
Discussion Note: