This is an archived handbook for a previous year. The current undergraduate and postgraduate handbooks can be viewed using the links above.
Undergraduate Handbook 2012-2013 (archived)
Module BUSS2071: CORPORATE FINANCIAL REPORTING
Department: Business School (Business) [Queen's Campus, Stockton]
BUSS2071: CORPORATE FINANCIAL REPORTING
| Type | Level | Credits | Availability | Module Cap | Location |
|---|---|---|---|---|---|
| Tied | 2 | 20 | Available in 2012/2013 | None. | Queen's Campus Stockton |
Tied To
Pre-requisites
- ECOS1081, Introduction to Financial Accounting.
Corequisites
- None.
Excluded Combinations
- None.
Aims
- To develop the technical skills introduced at level one. The module addresses the preparation of financial statements for a single company and a company group, including the application of relevant International Financial Reporting Standards.
Content
- Double entry book-keeping.
- Accruals basis of accounting.
- The IFRS framework.
- Preparation of the Income Statement, Balance Sheet and Cashflow statement for a single company.
- Accounting for tangible assets (current and non current).
- Supplementary disclosure.
- Earnings Per Share (EPS)
- Provisions.
- Accounting for business combination
- Other accounting skills and concepts in corporate financial reporting, including deferred taxation, interpretation for financial statements and other emerging topics.
Learning Outcomes
Subject-specific Knowledge
- Understand the underpinning concepts which govern the preparation of financial statements.
Subject-specific Skills
- Be able to prepare a basic set of accounts for a single company.
- Be able to prepare a basic set of accounts for a group.
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 | Attendance Monitored |
|---|---|---|---|---|---|
| Lectures | 22 | 1 weekly | 1 hour | 22 | |
| Seminars | 8 | 4 in term 1, 4 in term 2 | 1 hour | 8 | Yes |
| Preparation and Reading | 170 | ||||
| Total | 200 |
Summative Assessment
| Component | Component Weighting | Element | Length/Duration | Element Weighting | Resit Opportunity |
|---|---|---|---|---|---|
| Examination | 70% | One written examination | 2 hours 30 mins | 100% | |
| Assignment | 30% | One written assignment | 1500 words max | 100% |
Formative Assessment
End of term exercise involving preparation of accounts.
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.