Financial Accounting II - AC524

Location Term Level Credits (ECTS) Current Convenor 2019-20
Canterbury Autumn and Spring
View Timetable
5 30 (15) DR D Godsell

Pre-requisites

AC300 Financial Accounting I

Restrictions

Available to short-term/exchange students'

2019-20

Overview

The module will aim to cover the following topics:

• the conceptual framework of financial reporting
• the financial reporting environment
• the regulation of financial reporting
• group accounting
• the International Accounting Standards Board
• content and application of International Accounting Standards as appropriate
• accounting standards
• accounting for transactions in financial statements

Details

This module appears in:


Contact hours

Total contact hours: 66
Private study hours: 234
Total study hours: 300

Method of assessment

Main assessment methods:
Exam, 3 hours (70%)
In-Course Test 1 (10%) – 45 minutes
In-Course Test 2(10%) – 45 minutes
Communication Skills Report (1500 words) (10%)

Reassessment methods
100% exam

Indicative reading

ACCA Paper F7 Financial Reporting (FR) Complete Text (2016), Wokingham: Kaplan Publishing UK
ACCA Paper F7 Financial Reporting (FR) Exam Kit (2016), Wokingham: Kaplan Publishing UK
Alexander, D., Britton, A., and Jorissen, A., (2014): International financial reporting and analysis (6th edition) London: Cengage Learning
Elliott, B. and Elliott, J. (2015): Financial accounting and reporting (17th edition), London: FT Prentice Hall

See the library reading list for this module (Canterbury)

Learning outcomes

The intended subject specific learning outcomes.
On successfully completing the module students will be able to:
- evaluate the regulatory, commercial, professional and social environment within which financial statements are prepared, published and used, beyond that available from Financial Accounting I
- evaluate aspects of the economic, decision-theoretic and behavioural underpinning to financial reporting, beyond that available from Financial Accounting I
- apply the technical language and practices employed in recognition, measurement and disclosure in financial statements , beyond that available from Financial Accounting I
- identify alternative technical languages and practices proposed for use in recognition and measurement in financial statements, to reflect changes in prices, beyond that available from Financial Accounting I

The intended generic learning outcomes.
On successfully completing the module students will be able to:
- evaluate arguments and evidence
- manipulate financial data
- prepare financial statements
- communicate effectively

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