Financial Accounting 2

Learning Outcomes

Knowledge and Understanding

Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:

• The role of corporate governance mechanisms and their impact on financial accounting and reporting.
• The main features of the financial reporting environment in the United Kingdom and internationally;
• Financial accounting and reporting theories.
• Accounting principles and conceptual frameworks;

Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

• Explain, apply and critically evaluate a range of accounting approaches to measuring financial position and performance;
• Apply accounting principles and theories to current issues in financial reporting.

Transferable and Generic Skills

Having successfully completed this module you will be able to:

• Communicate complex ideas and arguments fluently and effectively in a range of different formats to a variety of different audiences
• Solve complex problems;

• The role of theory in understanding financial accounting and reporting practices
• The development of financial reporting theories
• Accounting principles and conceptual frameworks
• The financial reporting and corporate governance environment in the United Kingdom
• Alternative ways of measuring financial position and performance
• Current issues in financial reporting

• Lectures
• Classes/seminars covering exercises/lecture/seminar materials previously distributed to students

Formative

This is how we’ll give you feedback as you are learning. It is not a formal test or exam.

Case study

• Assessment Type: Formative
• Feedback: There are various individual and group exercises and case studies on which students will receive formative feedback regarding their performance and areas for improvements – These exercises and case studies have no mark attached to them.
• Final Assessment: No
• Group Work: No

Summative

This is how we’ll formally assess what you have learned in this module.

Referral

This is how we’ll assess you if you don’t meet the criteria to pass this module.

Repeat

An internal repeat is where you take all of your modules again, including any you passed. An external repeat is where you only re-take the modules you failed.