AC105A-Introductory International Financial Accounting A

Module Provider: Business Informatics, Systems and Accounting
Number of credits: 10 [5 ECTS credits]
Level:4
Terms in which taught: Autumn term module
Pre-requisites:
Non-modular pre-requisites:
Co-requisites:
Modules excluded:
Module version for: 2017/8

Module Convenor: Mrs Julie Cooper

Email: j.e.cooper@henley.ac.uk

Summary module description:
This module is delivered at University of Reading and University of Reading Malaysia.

Aims:
This module aims to provide the student with introductory knowledge and understanding of international corporate financial reporting and the skills to apply this to the preparation of simple financial statements and to the analysis of published financial information.

Assessable learning outcomes:

By the end of the unit it is expected that students will be able to:



1. State and apply the various principles, underlying concepts and conventions relating to financial accounting



2. State and explain the nature and purpose of the major financial statements



3. Interpret financial accounting data



4. Discuss the nature and financing of various business forms


Additional outcomes:
Workshops and assignments are also designed to encourage the development of oral communication and student effectiveness in group situations. Structured activities are designed to develop independent learning skills. IT skills are developed by the use of the Blackboard course management system and the on-line textbook linked VLE.

Outline content:
Business forms and the need for financial reporting information; the conceptual framework of financial reporting; recording transactions and events using the accounting equation; preparation and presentation of financial statements; the limited company and its financial statements; ; financial statement analysis.

Brief description of teaching and learning methods:
Lectures will be used for the exposition of the main concepts, principles and techniques associated with the discipline. Workshops will focus on discussion and numerical practice.

Contact hours:
  Autumn Spring Summer
Lectures 20 4 2
Practicals classes and workshops 16
Guided independent study 28 30
       
Total hours by term 64.00 4.00 32.00
       
Total hours for module 100.00

Summative Assessment Methods:
Method Percentage
Written exam 100

Other information on summative assessment:

Formative assessment methods:
Work will be set for most weeks of the unit to enable students to gain the necessary numerical practice. Most of this work is primarily designed as a learning vehicle in support of independent learning.

Penalties for late submission:
The Module Convenor will apply the following penalties for work submitted late, in accordance with the University policy.

  • where the piece of work is submitted up to one calendar week after the original deadline (or any formally agreed extension to the deadline): 10% of the total marks available for the piece of work will be deducted from the mark for each working day (or part thereof) following the deadline up to a total of five working days;
  • where the piece of work is submitted more than five working days after the original deadline (or any formally agreed extension to the deadline): a mark of zero will be recorded.

  • The University policy statement on penalties for late submission can be found at: http://www.reading.ac.uk/web/FILES/qualitysupport/penaltiesforlatesubmission.pdf
    You are strongly advised to ensure that coursework is submitted by the relevant deadline. You should note that it is advisable to submit work in an unfinished state rather than to fail to submit any work.

    Length of examination:
    1.5 hours

    Requirements for a pass:
    A minimum mark of 40%.

    Reassessment arrangements:
    Re-assessment by 1.5 hour examination. Re-assessment for Part 1 modules takes place in August/September of the same year.

    Additional Costs (specified where applicable):
    1) Required text books: P. Atrill &E.McLaney, Accounting and Finance: An Introduction with MyAccountingLab access card, Prentice Hall/Pearson, 7th ed. 2014 ISBN: 9781292012650 £44.99 (2015-16 price)
    2) Specialist equipment or materials:
    3) Specialist clothing, footwear or headgear:
    4) Printing and binding:
    5) Computers and devices with a particular specification:
    6) Travel, accommodation and subsistence:

    Last updated: 31 March 2017

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