Details
Code 22678
Level of study Second Year
Credit value 20
Semester 1+2
Pre-requisite modules None
Other pre-requisites None
Module description
The module will cover the following topics: Accounting Theory – the conceptual framework including objectives, qualitative characteristics, elements and recognition criteria; measurement issues in financial reporting (including economic income, replacement and current cost accounting; current purchasing power accounting; real terms accounting and cash flow and realisable value accounting). Issue in depreciation measurement. Company Accounting – will cover the following topics in respect of financial reporting for UK corporate bodies; the regulatory framework; the reporting entity including accounting for groups; reporting financial performance; accounting for tangible and intangible fixed assets; accounting for tax; preparation of cash flow statement.
Teaching and learning methods
2 x lectures per week for Company Accounting. Marked formative assessments for accounting theory. The practical focus of this course makes participation in classes particularly important and the practice questions set should be worked in preparation for the classes.