ACCT06030 2022 Financial Accounting 2
Full Title
Financial Accounting 2
Transcript Title
Financial Accounting 2
Code
ACCT06030
Attendance
N/A %
Subject Area
ACCT - 0411 Accounting & Taxation
Department
BUS - Business
Level
06 - Level 6
Credit
05 - 05 Credits
Duration
Semester
Fee
€
Start Term
2022 - Full Academic Year 2022-23
End Term
9999 - The End of Time
Author(s)
Caroline McNulty, Gary Reynolds, Valerie McTaggart, Geraldine Barry, Kerry Dolan
Programme Membership
SG_BBUSI_H08 202200 Bachelor of Business (Honours) in Business
SG_BBUSI_C06 202200 Higher Certificate in Business in Business Studies
SG_BBUSS_B07 202200 Bachelor of Business in General Business
SG_BBUSM_C06 202200 Higher Certificate in Business in Business Studies
SG_BBUSB_H08 202200 Bachelor of Business (Honours) in Business
SG_BBUSG_B07 202300 Bachelor of Business in General Business
SG_BBUSE_C06 202400 Higher Certificate in Business in Business (exit)
SG_BBUSE_B07 202400 Bachelor of Business in Business (exit)
Description
Introduce the key principles and concepts of accounting and how they are applied in the preparation of financial statements. Students will gain an insight into how financial accounting principles are applied to the preparation of financial statements.
Learning Outcomes
On completion of this module the learner will/should be able to;
1.
Explain the importance of and application of ethical principles within the business environment.
2.
Prepare Income Statement and Statement of Financial Position.
3.
Apply best practice in the preparation of financial statements for sole traders.
4.
Complete basic transactions on computerised accounts software and interpret the computerised reports.
Teaching and Learning Strategies
Comprises of Lectures, Tutorials & computer labs.
Module Assessment Strategies
Written Exam and/ or Moodle Quiz with theory and numerical content.
Repeat Assessments
Written Exam and/ or Moodle Quiz with theory and numerical content.
Indicative Syllabus
Introduction to principles and concepts within financial accounting.
Double entry bookkeeping , Accounting equation, Daybooks, ledgers, Vat and trial balance.
Correction of trial balance adjustments and errors; journal entries, control accounts, depreciation, accruals, prepayments, bad debts and doubtful debts provisions.
Prepare a Bank Reconciliation.
Preparation of Income statement and Statement of financial position.
Computerised Accounts.
Coursework & Assessment Breakdown
Coursework & Continuous Assessment
50 %
End of Semester / Year Formal Exam
50 %
Coursework Assessment
| Title | Type | Form | Percent | Week | Learning Outcomes Assessed | |
|---|---|---|---|---|---|---|
| 1 | Multiple Choice Quiz | Coursework Assessment | Multiple Choice/Short Answer Test | 20 % | Week 6 | 1,2,3 |
| 2 | Continuous Assessment Accounting software | Coursework Assessment | Individual Project | 30 % | Week 10 | 4 |
End of Semester / Year Assessment
| Title | Type | Form | Percent | Week | Learning Outcomes Assessed | |
|---|---|---|---|---|---|---|
| 1 | Final Assessment | Final Exam | Open Book Exam | 50 % | End of Term | 1,2,3 |
Full Time Mode Workload
| Type | Location | Description | Hours | Frequency | Avg Workload |
|---|---|---|---|---|---|
| Lecture | Tiered Classroom | Lecture | 3 | Weekly | 3.00 |
| Tutorial | Computer Laboratory | Lab | 1 | Weekly | 1.00 |
| Independent Learning | Not Specified | Personal study | 3 | Weekly | 3.00 |
Total Full Time Average Weekly Learner Contact Time 4.00 Hours
Required & Recommended Book List
Required Reading
2021 Frank Wood's Business Accounting
ISBN 1292365439 ISBN-13 9781292365435
2021 Frank Wood's Business Accounting
ISBN 1292365439 ISBN-13 9781292365435
Frank Wood's Business Accounting Volume 1, the world's best-selling textbook on book-keeping and accounting, continues to provide an indispensable introduction for students and professionals across the globe.
Module Resources
Non ISBN Literary Resources
URL Resources
Other Resources
None.
Additional Information
In semester 2, students must select either of the following modules as a mandatory module:
Module ref: ACCT06030 Financial Accounting 2 or ACCT06033 Accounting & Payroll.