Module Overview

Financial Accounting 2

This module aims to build on the knowledge of basic accounting concepts, terminology, principles and
formats acquired in Financial Accounting 1. In particular it aims to improve knowledge of accounts
preparation for a range of different types of business.

Module Code

ACCF H1021

ECTS Credits


*Curricular information is subject to change

Preparation of Financial Statements

Preparation of accounts for company for internal use: income statement, balance sheet, retained earnings element of SOCE.Preparation of Manufacturing Accounts and basic division of overheads by department. Preparation of accounts for not-for profit organisations.

Accounting for Property, Plant & Equipment

Preparation of ledger accounts for recording PPE movements including opening balances, additions, disposals and depreciation entries.

Control Accounts

Preparation of control accounts for Trade Receivables,Trade Payables and Bank account to ensure the accuracy of the financial records.

Correction of Errors

Identification, investigation and correction of errors in accounting records and financial statements.

Module Content & Assessment
Assessment Breakdown %
Formal Examination70
Other Assessment(s)30