BAM5212 - Financial Accounting 2

Objectives:

On successful completion of the module, students will be able to:

1 Identify and understand the main regulatory bodies, how standards are produced, and the impact of regulation on business accounting
2 apply accounting standards in the production of complex financial statements;
3 use ratio analysis to interpret financial statements and draw conclusions on the financial position of an organisation;
4 understand business taxation and undertake simple tax calculations for an organisation.

Content:

International Accounting Standards (IAS), property & plant, inventories, issue and redemption of shares, construction contracts, research and development, intangible assets, impairment of assets, provisions and contingencies and post balance sheet events. Analysis of financial statements using ratio analysis to interpret business growth, profitability, liquidity, investment and financing. Business taxation, taxable profits, disallowable expenses, tax depreciation.

Learning and Teaching Information:

The module will be delivered via a series of weekly one-hour whole-group interactive lectures supported by weekly one-hour small group tutorial / workshop sessions. Questions / exercises will be set at each lecture meeting for students to complete before the associated small group session. Students will be provided with, and/or directed to, relevant reading and additional questions / exercises to support their progress through the module material. Additional workshop time will be provided for students needing extra practice with a computer spreadsheet.

Lecture / workshop session
Contact hours: 40
Number of Groups: 1 group of 30 students

Assessment:

001 Portfolio of up to 3 tests and exercises 1 x 2,000 words- 50%
002 Unseen examination 1 x 2 hours 50%


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