Undergraduate Programme and Module Handbook 2007-2008 (archived)
Module BUSS2071: CORPORATE FINANCIAL REPORTING
Department: Economics, Finance and Business (Business) [Queen's Campus, Stockton]
BUSS2071: CORPORATE FINANCIAL REPORTING
| Type | Tied | Level | 2 | Credits | 20 | Availability | Available in 2007/08 | Module Cap | None. | Location | Queen's Campus Stockton |
|---|
| Tied to | NN43 |
|---|---|
| Tied to | N420 |
| Tied to | N200 |
Prerequisites
- ECOS1081, Introduction to Accounting.
Corequisites
- None.
Excluded Combination of Modules
- 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 in accordance with International Accounmting standards. 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, Income Statement, Cash basis of accounting; Cash Flow statement.
- Asset Valuation and Liability Measurement.
- Balance Sheet.
- Non-current Assets and Depreciation.
- Research and Development.
- Inventory.
- Regulatory environment.
- Wider reporting issues including corporate governance and corporate responsibility.
- 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:
- Written communication and numeracy through the examination and summative assignment.
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 accounts 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: Examination | Component Weighting: 70% | ||
|---|---|---|---|
| Element | Length / duration | Element Weighting | Resit Opportunity |
| One written examination | 2 hours 30 mins | 100% | |
| Component: Assignment | Component Weighting: 30% | ||
| Element | Length / duration | Element Weighting | Resit Opportunity |
| One written assignment | 1500 words max | 100% | |
Formative Assessment:
End of term assignment to cover first term material.
■ Attendance at all activities marked with this symbol will be monitored. Students who fail to attend these activities, or to complete the summative or formative assessment specified above, will be subject to the procedures defined in the University's General Regulation V, and may be required to leave the University