This module builds on the techniques & understanding in year 1 Accounting & to applies this knowledge to partnership & company accounting. It will allow students to evaluate financial reporting topics & to analyse financial reports in the context of an international regulatory environment.
Partnership accounting
International Accounting Standards:
o Tangible assets
o Intangible assets
o Non-current assets held for sale and discontinued operations
o Reporting financial performance
o Provisions, Contingent Liabilities & Contingent Assets
o Disclosure of Accounting Policies
o Goodwill o Events after the Reporting period
o Government Grants
o Research & Development
o Inventories & Construction Contracts
Financial Accounts of Limited Companies:
Preparation of financial statements limited companies (excluding groups) for publication in accordance with the requirements of company law & international accounting standards.
Preparation & analysis of a statement of cash flows for a single company
Analysis & interpretation of financial statements:
• Calculation of accounting ratios.
• Interpretation of accounting ratios
Learners will be exposed to formal lectures & problem solving. Technical & problem solving abilities will be developed by individual problem solving both inside & outside class contact time. Students will subsequently have an opportunity to discuss their solution in class with a view to identifying & resolving any issues arising
| Module Content & Assessment | |
|---|---|
| Assessment Breakdown | % |
| Formal Examination | 70 |
| Other Assessment(s) | 30 |