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

Undergraduate Handbook 2016-2017 (archived)

Module ECOS1211: FINANCIAL ACCOUNTING AND REPORTING

Department: Business School (Economics and Finance) [Queen's Campus, Stockton]

ECOS1211: FINANCIAL ACCOUNTING AND REPORTING

Type	Level	Credits	Availability	Module Cap	Location
Tied	1	20	Available in 2016/2017		Queen's Campus Stockton

Tied To

N400: Accounting

Pre-requisites

Accounting

Corequisites

None

Excluded Combinations

None

Aims

To enable students to prepare complete single entity and consolidated financial statements, and extracts from those financial statements, covering a wide range of International Financial Reporting Standards (IFRS). Students will also be required to explain accounting and reporting concepts and ethical issues, and the application of IFRS to specified single entity or group scenarios.

Content

Accounting and reporting concepts and ethics
Single company financial statements
Consolidated financial statements

Learning Outcomes

Subject-specific Knowledge

Have an understanding of the contribution and inherent limitations of financial statements
Have an understanding of single company financial statements
Have an understanding of consolidated financial statements, the different methods of consolidation and the preparation of group accounts

Subject-specific Skills

Be able to apply the International Accounting Standards Board’s (IASB) conceptual framework for financial reporting and identify and explain key ethical issues
Be able to prepare and present financial statements from accounting data for single entities, whether organised in corporate or in other forms, in conformity with IFRS and explain the application of IFRS to specified single entity scenarios
Be able to identify the circumstances in which entities are required to present consolidated financial statements, prepare and present them in conformity with IFRS and explain the application of IFRS to specified group scenarios.
Learning outcomes apply to non-specialised profit-oriented entities unless otherwise specified.

Key Skills

Problem-solving skills.
Reporting and communication skills
Critical analysis and judgement skills

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

Learning will be based on knowledge transfer from taught classes and independent study; investigation of cases and real world organisations will encourage students to develop awareness of cultural differences and apply these to the development of their skills in managing themselves and others in such contexts.
Classroom activities and independent study will help students acquire technical awareness of topics in a comprehensive form.
The examination will test students’ understanding of the main concepts and technical treatments through problem solving and reflection on learning.

Teaching Methods and Learning Hours

Activity	Number	Frequency	Duration	Total Hours	Attendance Monitored
Classes (Note: this module is delivered by an approved external provider. A range of learning and teaching methods will be used as appropriate to the subject-matter and learning outcomes.)				100 hours in total
Independent study, including preparation for summative and formative assessment				100 hours
Total				200

Summative Assessment

Component	Component Weighting	Element	Length/Duration	Element Weighting	Resit Opportunity
Examination	100%	IASBâ€™s IFRS Open book Written examination	3 hours	100%	Same

Formative Assessment

Online tests

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.