Module Code: |
H6FR |
Long Title
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Financial Analysis & Reporting
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Title
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Financial Analysis & Reporting
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Module Level: |
LEVEL 6 |
EQF Level: |
5 |
EHEA Level: |
Short Cycle |
Module Coordinator: |
MICHAEL BANE |
Module Author: |
CORINA SHEERIN |
Departments: |
School of Business
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Specifications of the qualifications and experience required of staff |
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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).
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No recommendations listed |
Co-requisite Modules
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No Co-requisite modules listed |
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.
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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
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Introduction to Financial Statements of Companies (Week 7-9)
• Accounts of limited companies
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Analysis of the Financial Position and Performance of the Business (Week 10-11)
• An introduction to the use of ratios etc. in the interpretation.
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Budgeting (Week 12-13)
• Budgeting concepts
• Construction and interpretation of basic cash budgets
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Assessment Breakdown | % |
Coursework | 30.00% |
End of Module Assessment | 70.00% |
AssessmentsFull 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. |
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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 |
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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.
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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 |
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Atrill, P. and McLaney, E.. (2012), Accounting and Finance for Non-specialists, 8th Edition. Pearson Education.
| Supplementary Book Resources |
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Carey,M., Knowles,C. and Towers-Clark, J. (2014), Accounting:A Smart Approach, 2nd edt. Oxford University Press.
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John R. Dyson. (2010), Accounting for non-accounting students, Financial Times/Prentice Hall, Harlow, [ISBN: 9780273722977].
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Horner, D.. (2013), Accounting for Non-Accountants, 9th edition. Kogan Page.
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Wood, F. and Robinson, S.. (2013), Book keeping and Accounts, 8th edition. Pearson Education.
| This module does not have any article/paper resources |
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Other Resources |
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[Website], Accounting Technicians Ireland,
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[Website], Sunday Business Post,
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[Website], CPA Ireland,
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[Website], CIMA,
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[Website], ACCA,
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[Website], Chartered Accountants Ireland,
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