Registry
Module Specifications
Current Academic Year 2012 - 2013
Please note that this information is subject to change.
| |||||||||||||||||||||||||||||||||||||||||
| Description | |||||||||||||||||||||||||||||||||||||||||
|
The purpose of the module is to introduce students to the aims, principles and theories of financial accounting, provide a working understanding of the use of accounting techniques in the recording and reporting of transactions and business results and to begin to instill in students a critical and analytical attitude to financial accounting. The module will provide students with the ability to prepare, analyse, understand, interpret, critically evaluate and use financial statements. The course is delivered by a combination of lectures and tutorials. Students will be expected to prepare tutorial questions in advance of tutorials. | |||||||||||||||||||||||||||||||||||||||||
| Learning Outcomes | |||||||||||||||||||||||||||||||||||||||||
|
1. Discuss how business transactions are reflected in financial statements. 2. Explain the developement of accounting rules and regulations and how generally accepted acounting practices are utilised in financial statement preparation. 3. Prepare fundamental financial statements for a business entity to include Income Statement, Balance Sheet and Cash Flow Statement. 4. Analyse through the use of ratios and other information the financial statements of a business. Prepare a report based on the needs of the recipient. 5. Discuss the role of the Financial Accountant and how it compares to the role of the Management accountant. 6. Explain accounting principles and characteristics. | |||||||||||||||||||||||||||||||||||||||||
All module information is indicative and subject to change. For further information,students are advised to refer to the University's Marks and Standards and Programme Specific Regulations at: http://www.dcu.ie/registry/examinations/index.shtml |
|||||||||||||||||||||||||||||||||||||||||
| Indicative Content and Learning Activities | |||||||||||||||||||||||||||||||||||||||||
|
Fundamentals of Accounting. Introduction to the Principles of Accounting; Objectives of financial statements; Users of accounting information; Accounting concepts and standards; Introduction to the regulatory framework; True and fair view; Elements of financial statements;Recognition and measurement;. Contemporary Issues in Accounting. The Societal Role of the Accountant; Professions and their characteristics; the development of the accountancy profession; The role of accounting in society;. Primary Financial Statements. Double Entry Book-keeping; The accounting equation; Books of prime entry; Ledger accounts their classification and sub-division; Correction of errors; Trial balance; Preparation of Final Accounts; Distinction between revenue and capital; assets and liabilities; Accruals and prepayments; Bad and doubtful debts; Depreciation and amortisation of fixed assets; profit and loss accounts and balance sheet; Introduction to the capital structure and preparation of accounts for limited companies.. | |||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||
| Indicative Reading List | |||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||
| Other Resources | |||||||||||||||||||||||||||||||||||||||||
| None | |||||||||||||||||||||||||||||||||||||||||
| Array | |||||||||||||||||||||||||||||||||||||||||
| Programme or List of Programmes | |||||||||||||||||||||||||||||||||||||||||
| Timetable this semester: Timetable for | |||||||||||||||||||||||||||||||||||||||||
| Archives: |
| ||||||||||||||||||||||||||||||||||||||||
