Durham University
Programme and Module Handbook

Undergraduate Programme and Module Handbook 2018-2019 (archived)


Department: Business School (Economics and Finance)


Type Tied Level 2 Credits 20 Availability Available in 2018/19 Module Cap None. Location Durham
Tied to NN43
Tied to N302
Tied to N304
Tied to NN42
Tied to N204
Tied to N206
Tied to N305
Tied to N306
Tied to N307


  • Introduction to Financial Accounting ECOS1081.


  • None.

Excluded Combination of Modules

  • None.


  • 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.


  • The regulatory framework.
  • Objectives of financial reporting and conceptual framework.
  • Preparation of the Comprehensive Income Statement and Statement of Financial Performance (Balance Sheet) for a single company to reflect complex accounting adjustments.
  • Accounting for tangible and intangible assets.
  • Accounting for provisions including deferred taxation.
  • Revenue and Liability Recognition.
  • Accounting for changes in equity (including understanding statements of changes in equity).
  • Supplementary disclosure including segmental reporting and related party transactions.
  • Earnings Per Share (EPS).
  • Accounting for business combinations.

Learning Outcomes

Subject-specific Knowledge:
  • Understand the underpinning concepts which govern the preparation of financial statements.
  • Understand the importance of professional ethics, regulation, and coherent conceptual frameworks to the preparation of high quality corporate reports.
Subject-specific Skills:
  • Be able to prepare complex accounting adjustments in line with accounting standards.
  • Be able to explain accounting adjustments to non-accountants.
  • Be able to prepare a basic set of accounts for a group.
Key Skills:
  • Written Communication - through the examination and summative assignment.
  • 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 that the development of the higher interpretative skills required in the examination are actioned by students before Christmas and can be supported through feedback. This reflects the teaching order whereby the workshops supporting the interpretation of financial reports are timetabled in term one and the formative assessment leads directly on from this class contact.
  • Summative assessment is in the form of an examination which addresses the students' understanding of the key concepts introduced in the module.

Teaching Methods and Learning Hours

Activity Number Frequency Duration Total/Hours
Lectures 20 weekly 1 hour 20
Revision Lectures 2 weekly 1 hour 2
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: 100%
Element Length / duration Element Weighting Resit Opportunity
One written examination 3 hours 100% same

Formative Assessment:

End of term in class exercise on discursive topics in corporate financial reporting which will be submitted.

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