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  6. AC3049: FINANCIAL ACCOUNTING 3

AC3049: FINANCIAL ACCOUNTING 3 (2017-2018)

Last modified: 24 May 2018 09:12


Course Overview

This course builds upon the material in Financial Accounting 2.  The aim of the course is to strengthen practical and analytical accounting skills through the study of accounting problems and to develop the ability to critically appraise conventional accounting practice through an understanding of alternative accounting theories and their application to topical issues in financial accounting.

Course Details

Study Type Undergraduate Level 3
Term First Term Credit Points 15 credits (7.5 ECTS credits)
Campus None. Sustained Study No
Co-ordinators
  • Mrs Lindsay Tibbetts

Qualification Prerequisites

  • Either Programme Level 3 or Programme Level 4

What courses & programmes must have been taken before this course?

  • One of AC2526 Financial Accounting 2 (Passed) or AC2528 Financial Accounting 2 (Passed) or AC2530 Financial Accounting 2 (Passed)
  • Either Accountancy (AC) (Studied) or Finance (FI) (Studied)
  • Any Undergraduate Programme (Studied)

What other courses must be taken with this course?

None.

What courses cannot be taken with this course?

  • AC3041 Financial Accounting 3 (Studied)
  • AC3548 International Financial Statement Analysis (Studied)

Are there a limited number of places available?

No

Course Description

Building upon the material in Financial Accounting 2, the course examines in greater detail theoretical frameworks applicable to financial reporting. Conceptual frameworks and income theory are used to critically evaluate the accounting treatment of assets and liabilities and the measurement of performance with particular emphasis being placed upon controversial areas of financial reporting.


Contact Teaching Time

Information on contact teaching time is available from the course guide.

Teaching Breakdown

More Information about Week Numbers


Details, including assessments, may be subject to change until 30 August 2024 for 1st term courses and 20 December 2024 for 2nd term courses.

Summative Assessments

1st Attempt: There are three elements to assessment:

  1. An incomplete records exercise (10%).
  2. Weekly workshop/seminar questions: both numerical and essay based (20%).
  3. A two-hour closed book examination (70%).

Resit: 1 two-hour written examination.

Formative Assessment

This will take place via tutorial discussions.

Feedback

Verbal feedback is given during tutorial discussions. Answers are provided to all questions covered in lectures and tutorials

Weekly tutorial questions are handed in, marked and returned

Course Learning Outcomes

None.
 

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