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MN50318: Financial accounting I

Academic Year: 2018/9
Owning Department/School: School of Management
Credits: 6      [equivalent to 12 CATS credits]
Notional Study Hours: 120
Level: Masters UG & PG (FHEQ level 7)
Period:
Semester 1
Assessment Summary: CW 25%, EX 75%
Assessment Detail:
  • Coursework (CW 25%)
  • Examination (EX 75%)
Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
Requisites:
Description: Aims:
The aim of this unit is to provide students with an introduction to selected specialist topics in preparing financial statements of listed companies in accordance with the requirements of international accounting standards and set them in context of current accounting theory.

Learning Outcomes:
At the end of this unit students will be able to:
1. prepare financial statements for listed enterprises in accordance with the requirements of International Accounting Standards and International Financial Reporting Standards;
2. relate current accounting standards to accounting theory and critically comment on those standards;
3. analyse the financial statements of multinational enterprises.

Skills:
Intellectual Skills
* the ability to appropriately apply a framework of rules, regulations and principles to financial information; TFA
* the ability to interpret financial information. TFA
Professional Practical Skills
* the ability to prepare financial reporting information in a form suitable for publication in compliance with regulatory requirements; TFA
Transferable/Key Skills
* the ability to manipulate financial data to achieve a specified objective in accordance with rules, regulations and principles. FA
Personal/Interpersonal
* the ability to represent business activities as financial information in a form understandable to users of such information. FA

Content:
1. The preparation of financial statements from a trial balance.
2. Normative, positive and critical theories of financial reporting.
3. International accounting standards covering a number of transactions and balances including, for example, financial instruments, non-current assets, provisions, taxation and revenue recognition.
4. Analysis and interpretation of financial statements.
Programme availability:

MN50318 is Compulsory on the following programmes:

School of Management

Notes:

  • This unit catalogue is applicable for the 2018/19 academic year only. Students continuing their studies into 2019/20 and beyond should not assume that this unit will be available in future years in the format displayed here for 2018/19.
  • Programmes and units are subject to change in accordance with normal University procedures.
  • Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.
  • Undergraduates: .
  • Postgraduates: .