Nottingham University Business School
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Financial Accounting and Reporting 1

Please note that the following information may be subject to change.

Programme: Undergraduate

Module Code: N12903

Semester: Spring

Convenor: Carolyn Isaaks

Credits & Level: 20 Credits, Level 2

Pre-requisites: N11123 (Financial Accounting).

Co-requisites: None.

Target Students: Only available to BSc Accountancy students.

Delivery: 15 two-hour lectures and 6 two-hour workshops

Assessment: One 3-hour examination (100%)

Exam Format:FOUR compulsory questions related to Single Entity financial Statements and Consolidated Financial Statements. The paper will involve computations and may require a knowledge of additional accounting and reporting concepts and ethics.

Summary of Content Reporting framework, concepts and ethics, preparation of single entity and simple consolidated financial statements

Aims The aim of this Financial Accounting and Reporting module is to ensure that students build upon year 1 Financial Accounting module and understand a wider range of International Financial Reporting Standards. They will be able to prepare single entity financial statements, and extracts from those financial statements, covering a wide range of International Financial Reporting Standards (IFRS); basic consolidated financial statements and should be able to explain accounting and reporting concepts and ethical issues, and the application of specified IFRS to a given single entity.

Key Words: Financial Accounting, Financial Reporting

Learning Objectives & Outcomes Knowledge and understanding
This module develops a knowledge and understanding of:
  • The main current technical language and practices of accounting in a specified socio-economic domain
  • The sources, uses and management of finance
  • The use of accounting and other information systems for planning, control, and decision making
  • Skills in recording and summarising transactions and other economic events; preparation of financial statements; analysis of the operations of business financial analysis and projections
  • Contemporary theories and empirical evidence concerning accounting in at least one of its contects and the ability to critically evaluate such theories and evidence
  • The development of appropriate policies and strategies within a changing environment to meet stakeholder interests
Professional practical skills
This module develops:
  • Numeracy and quantitative skills to manipulate data, evaluate, estimate and model business problems, functions and phenomena
Transferable (key) skills
This module develops:
  • Articulating and effectively explaining information
Knowledge and understanding
This module develops a knowledge and understanding of:
  • The main current technical language and practices of accounting in a specified socio-economic domain
  • Skills in recording and summarising transactions and other economic events; preparation of financial statements; analysis of the operations of business financial analysis and projections
  • Contemporary theories and empirical evidence concerning accounting in at least one of its contects and the ability to critically evaluate such theories and evidence



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Nottingham University Business School

Jubilee Campus
Nottingham
NG8 1BB

telephone: +44 (0) 115 846 6602
fax: +44 (0) 115 846 6667
email: business-enquiries@nottingham.ac.uk