AF2S529 - Financial Reporting 09 Mar 2020 - 31 Aug 2026 | Version 1
Associated Module Information
| Module Code: | AF2S529 | ||
|---|---|---|---|
| Module Title: | Financial Reporting | ||
| Faculty: | Faculty of Business and Creative Industries | ||
| Faculty Group: | Accounting and Finance | ||
| Faculty Sub Group: | Accounting and Finance | ||
| Module Leader: | Jonathan Evans | ||
| Module Team: | Jared Davies | ||
| First Intended Intake: | SEP 2020 | Final Year of Intake: | 2024 |
| Date Closed: | |||
| Credit Value: | 20 | Credit Level: | 5 |
| Language: | English | ||
| Percentage of Module Taught in Welsh: | 0 | ||
| Equivalent Module: | |||
| HECOS codes: | 100105 - accounting | ||
| HECOS Code Weighting: | 100 | ||
Document Version Information
| Version | 1 |
|---|---|
| Valid From | 09 Mar 2020 |
| Valid To | 31 Aug 2026 |
Module Aims
This module aims to develop an understanding of financial accounting techniques, the conceptual and regulatory frameworks and financial reporting standards and the ability to apply such techniques and understanding in the preparation and analysis of financial statements.
Content Summary
The module will contain the following areas of study:
Financial reporting conceptual and regulatory frameworks.
Preparation of financial statements including:
Statement of financial position (and pertinent international financial reporting standards*)
Statement of profit or loss and other comprehensive income (and pertinent international financial reporting standards*
Statement of changes in equity
Statement of cash flows (and pertinent international financial reporting standards*)
Analysis of financial statements chiefly the analysis of cash flow information.
* International financial reporting standards change frequently and this module will normally cover all extant modules except those covering provisions, related parties, consolidated accounts, financial instruments and insurance contracts.
Learning and Teaching Methods
| Activity Type | Hours |
|---|---|
| Practical classes and workshops | 44 |
| Independent Study | 56 |
| Directed Study | 96 |
| Formative Assessment - Scheduled | 4 |
| Total Hours Selected | 200 |
Learning Outcomes
| # | Learning Outcome |
|---|---|
| LO1 | Prepare financial statements following the application of international financial reporting standards |
| LO2 | Apply the conceptual and regulatory frameworks for financial reporting and interpret and evaluate financial information |
Module Requisites
N/A
Assessment Criteria
| Assessment Category | Assessment Type | Description | Duration | Word Count | Weight (%) | Best of? | Pass Mark |
|---|---|---|---|---|---|---|---|
| Written Examination | Written Examination - Closed Book (Unseen) 1 | An examination based on the application of selected financial reporting standards and/or frameworks. | 150 | N/A | 70 | No | 40 |
| Synchronous Onsite Assessment | Classroom Test - Time Constrained (Onsite) 1 | A test based on the application of selected financial reporting standards and/or frameworks. | 60 | N/A | 30 | No | 40 |
Assessment Matrix
| Assessment Type | Learning Outcomes | ||
|---|---|---|---|
| LO1 | LO2 | ||
| Written Examination - Closed Book (Unseen) 1 | ✔ | ✔ | |
| Classroom Test - Time Constrained (Onsite) 1 | ✔ | ✔ | |