School of Management, Unit Catalogue 2011/12 |
|
 Credits:
| 6 |
| Level:
| Certificate (FHEQ level 4) |
| Period: |
Semester 2 |
| Assessment:
| CW 25%, EX 75% |
| Supplementary Assessment: | Like-for-like reassessment (where allowed by programme regulations) |
| Requisites:
| This unit is not available to visiting/exchange students. |
| Description:
| Aims: The unit aims to introduce students to: * key ideas about the role and limitations of financial reporting; * make students aware of the role of financial reporting in organisational control; * provide foundation knowledge and understanding of issues in financial reporting that that can be built on in subsequent accounting and finance modules; * understanding and reviewing the key issues relating to reporting income, assets values and transactions with owners/funders for different organisational forms such as sole traders, partnerships and limited companies. Learning Outcomes: On completing this unit students will be able to: * Understand the impact on financial reporting of key historical developments in industry and commence. * Understand key issues in the IASB's conceptual framework for financial reporting. * Prepare elemental financial statements for a range of organizational forms namely sole traders, partnerships and limited companies. * Explain and describe the role of governance, audit and social responsibility accounting across organization form namely. * Work in teams on group projects. Skills: Intellectual skills * investigate concepts and views effectively and discuss and defend ideas through written language (T/F/A) * explore concepts, processes and organisational structures for control evaluation and assessment (T/F/A) * understand the complexities of accounting processes and requirements in a variety of organisations (T/A) * expansion of accounting knowledge and understanding gained in Semester 1 Professional/Practical skills * introduction to the risks and control mechanisms in organisations (T/A) Transferable/Key skills * use internet and library search skills to access contemporary relevant information (F/A) Personal/Interpersonal skills * group development through working on n assessed group project (F/A) Content: Course contents: * Organisational form, agency relationships and accounting * Accounting and contracting * Accounting and control * Accounting for Sole traders * Accounting for Partnerships * Accounting for Limited companies Manufacturing accounts; IAS2. |
| Programme availability: |
MN10466 is Compulsory on the following programmes:School of Management
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