FINANCIAL ACCOUNTING 3

SHE Level 3
SCQF Credit Points 20.00
ECTS Credit Points 10.00
Module Code M3N425749
Module Leader Alison Lehane
School Glasgow School for Business and Society
Subject Finance and Accounting
Trimester
  • B (January start)

Pre-Requisite Knowledge

-108 Financial Accounting or equivalent AND Financial Accounting and Corporate Reporting or equivalent.

Summary of Content

The module builds upon the techniques of financial accounting and the knowledge of the regulatory framework covered in the first two levels of the programme. The emphasis is on analysis of current issues within financial reporting. The module considers both advanced topics in financial accounting and the wider contexts within which financial reporting operates.

Syllabus

Accounting for Employee benefits Foreign Currency in individual financial statements Consolidated Statement of financial position Consolidated Income Statement Accounting for Associates Group Disposals Social and Environmental Accounting

Learning Outcomes

On successful completion of this module, the student should be able to:1. Discuss and apply a conceptual and regulatory framework for financial reporting2. Account for transactions in accordance with international accounting standards3. Apply international accounting standards in the preparation of financial statements for group accounts4. Appraise the role of accounting within modern society and assess current developments5. Crtitique the role of the IASB and US GAAP in the convergence of international accounting standards

Teaching / Learning Strategy

Lectures are used to provide an overview of topics. Seminar material is designed to provide opportunities to apply and evaluate the material introduced in lectures and to provide a forum for discussion of current issues. Students will also be required to work independently in researching and producing their integrated accounting assignment. Students will be required to work through Sage, developing their knowledge and understanding of topic areas, and posting more complex adjustments. GCU Learn is used to support learning activities. GSBS will continue to use the advancement of GCU Learn as a blended learning tool through its teaching and learning as well as through engagement with students. GSBS will ensure that all modules are GCU Learn enabled and with the support of the Learning Technologists at the cutting edge of development of online materials. Academic staff and the Learning Technologists will continue to work together to develop and operate all modules on GCULearn to ensure student support and information sharing. Students are provided with formative and summative feedback via a variety of mechanisms. Feedback on coursework is provided within 3 working weeks of submission.

Indicative Reading

Books Alexander, D., Britton, A., and Jorissen, A. (latest edition), Financial Reporting, International Thompson Business Press Deegan, C. and Unerman, J. (latest edition), Financial Accounting Theory, McGraw Hill Education Elliott, B. and Elliott, J. (latest edition), Financial Accounting and Reporting, FT Prentice Hall Gray, R., Owen, D. and Adams, C. (1996), Accounting and Accountability, Prentice Hall Mathews, MR. and Perera, MHB. (1996), Accounting Theory and Development, International Thomson Nobes, C. and Parker,R. (latest edition), Comparative International Accounting , FT Prentice Hall Puxty AG. (1996), The Social and Organizational Context of Management Accounting, Academic Press Riahi-Belkaoui, A. (latest edition), Accounting Theory, Thomson Wolk, HI, Dodd, JL and Rozycki, JJ. (latest edition), Accounting Theory, Sage Journals Students will be required to read appropriate articles from a variety of professional and refereed journals - for example, Accounting Organisations and Society, Accounting Auditing and Accountability Journal, British Accounting Review, Critical Perspectives on Accounting. Online sources Students will be required to access appropriate websites (e.g. www.asb.org.uk and www.iasc.org.uk).

Transferrable Skills

Books Alexander, D., Britton, A., and Jorissen, A. (latest edition), Financial Reporting, International Thompson Business Press Deegan, C. and Unerman, J. (latest edition), Financial Accounting Theory, McGraw Hill Education Elliott, B. and Elliott, J. (latest edition), Financial Accounting and Reporting, FT Prentice Hall Gray, R., Owen, D. and Adams, C. (1996), Accounting and Accountability, Prentice Hall Mathews, MR. and Perera, MHB. (1996), Accounting Theory and Development, International Thomson Nobes, C. and Parker,R. (latest edition), Comparative International Accounting , FT Prentice Hall Puxty AG. (1996), The Social and Organizational Context of Management Accounting, Academic Press Riahi-Belkaoui, A. (latest edition), Accounting Theory, Thomson Wolk, HI, Dodd, JL and Rozycki, JJ. (latest edition), Accounting Theory, Sage Journals Students will be required to read appropriate articles from a variety of professional and refereed journals - for example, Accounting Organisations and Society, Accounting Auditing and Accountability Journal, British Accounting Review, Critical Perspectives on Accounting. Online sources Students will be required to access appropriate websites (e.g. www.asb.org.uk and www.iasc.org.uk).

Module Structure

Activity Total Hours
Independent Learning (FT) 155.00
Assessment (FT) 10.00
Lectures (FT) 18.00
Seminars (FT) 11.00
Practicals (FT) 6.00

Assessment Methods

Component Duration Weighting Threshold Description
Integrated accounting -sage n/a 30.00 35% Integrated accounting -sage 2000 words
Exam (Exams Office) 3.00 70.00 35% 3 hour unseen examination