This is an archived handbook for a previous year. The current undergraduate and postgraduate handbooks can be viewed using the links above.

Undergraduate Handbook 2006-2007 (archived)

Module BUSS2071: CORPORATE FINANCIAL REPORTING

Department: ECONOMICS FINANCE AND BUSINESS (BUSINESS) [Queen's Campus, Stockton]

BUSS2071: CORPORATE FINANCIAL REPORTING

Type	Level	Credits	Availability	Module Cap	Location
Tied	2	20	Available in 2006/2007	None.	Queen's Campus Stockton

Tied To

Pre-requisites

Corequisites

None.

Excluded Combinations

None.

Aims

To develop the technical skills introduced at level one. In particular the module addresses the preparation of financial statements for a single company and examines the underpinning concepts of income measurement and asset valuation. The technical skills are set in the context of wider reporting issues and aim to improve the ability of participants to interpret accounting information.

Content

Income Measurement: Accruals basis of accounting, Profit and Loss Account, Cash basis of accounting; Cash Flow statement.
Asset Valuation and Liability Measurement.
Balance Sheet.
Fixed Assets and Depreciation.
Research and Development.
Stock.
Regulatory environment.
Wider reporting issues including corporate governance, corporate responsibility and international accounting standards.
Interpretation of financial reports.

Learning Outcomes

Subject-specific Knowledge

Understand the underpinning concepts which govern the preparation of financial reports.
Appreciate the context of financial statements in the wider aspects of corporate reporting.

Subject-specific Skills

Be able to prepare a basic set of accounts for a single company.
Be able to prepare a financial report sourcing and analysing financial data and interpreting corporate performance.

Key Skills

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

Lecture delivery will cover the technical material underpinning the course as preparation for seminars which will enable students to develop the skills of account preparation and interpretation.
The formative assessment seeks to ensure basic technical outcomes are achieved early in the module to enable the development of interpretative skills in later sessions.
The summative assignment seeks to assess the learning outcomes related to the practical application of the skills to 'live' corporate data.
The examination addresses the students understanding of the key concepts introduced in the module.

Teaching Methods and Learning Hours

Activity	Number	Frequency	Duration	Total Hours
Lectures	22	1 weekly	1 hour	22
Seminars	8	4 in term 1, 4 in term 2	1 hour	8
Preparation and Reading				170
Total				200

Summative Assessment

Component	Component Weighting	Element	Length/Duration	Element Weighting	Resit Opportunity
Examination	70%	One unseen written examination	2 hours 15 mins	100%
Assignment	30%	One written assignement	1500 words max	100%

Formative Assessment

End of term test to cover first term material.

Students who do not attend monitored activities shown under Teaching Methods and Learning Hours, or who fail to complete the summative or formative assessment(s) specified above, may be subject to the Academic Progress procedures defined in the University's General Regulation V, and may be required to leave the University.