LAC2005 : Intermediate Financial Accounting (Inactive)
- Inactive for Year: 2024/25
- Module Leader(s): Dr Ekaete Efretuei
- Owning School: Newcastle University Business School
- Teaching Location: London
Semesters
Your programme is made up of credits, the total differs on programme to programme.
Semester 1 Credit Value: | 10 |
Semester 2 Credit Value: | 10 |
ECTS Credits: | 10.0 |
European Credit Transfer System |
Aims
1. To examine current financial reporting practice and how it impacts upon companies
2. To enable students to develop accounts preparation and interpretation skills
3. To provide an introduction to group accounts preparation This is an intermediate financial reporting module. Most of the examples relate to companies reporting to shareholders. We shall consider how to account for a range of situations, including accounting for provisions, contingent liabilities and contingent assets, financial instruments and consolidation of group companies with reference to international accounting standards. The module will provide an introduction to the regulatory and IASB frameworks governing the production of financial statements.
Outline Of Syllabus
1. Company Financial Statements
2. The Frameworks of Financial Reporting
3. Preparation of consolidated Group Accounts
Teaching Methods
Teaching Activities
Category | Activity | Number | Length | Student Hours | Comment |
---|---|---|---|---|---|
Structured Guided Learning | Lecture materials | 18 | 2:00 | 36:00 | N/A |
Guided Independent Study | Assessment preparation and completion | 1 | 59:00 | 59:00 | N/A |
Structured Guided Learning | Academic skills activities | 18 | 1:00 | 18:00 | N/A |
Guided Independent Study | Directed research and reading | 1 | 50:00 | 50:00 | N/A |
Scheduled Learning And Teaching Activities | Small group teaching | 6 | 1:00 | 6:00 | N/A |
Structured Guided Learning | Structured non-synchronous discussion | 18 | 0:30 | 9:00 | N/A |
Scheduled Learning And Teaching Activities | Drop-in/surgery | 2 | 1:00 | 2:00 | N/A |
Scheduled Learning And Teaching Activities | Drop-in/surgery | 5 | 1:00 | 5:00 | Synchronous, online - Q&A |
Guided Independent Study | Independent study | 1 | 14:00 | 14:00 | N/A |
Scheduled Learning And Teaching Activities | Module talk | 1 | 1:00 | 1:00 | N/A |
Total | 200:00 |
Teaching Rationale And Relationship
Lecture materials introduce the course material to students, and concentrate upon some of the more challenging aspects of financial reporting. Students are given a programme of required reading to supplement the lecture materials and are encouraged to attempt books' questions as well as reading around subjects as widely as possible. The synchronous sessions consolidate the course material by allowing students to tackle problems in a small group environment, where the seminar leader is available to provide explanations and give extra help as required. The practice questions set will help students to develop problem-solving, numeracy and written-communication skills. The synchronous sessions are designed to encourage discussion by probing the implications of alternative accounting policy choices and trends in financial reporting. Students are required to attend synchronous seminar sessions with their attempts at set questions ready to discuss these with the rest of the group.
Assessment Methods
The format of resits will be determined by the Board of Examiners
Exams
Description | Length | Semester | When Set | Percentage | Comment |
---|---|---|---|---|---|
Written Examination | 180 | 2 | A | 100 | N/A |
Exam Pairings
Module Code | Module Title | Semester | Comment |
---|---|---|---|
Intermediate Financial Accounting | 2 | N/A |
Formative Assessments
Formative Assessment is an assessment which develops your skills in being assessed, allows for you to receive feedback, and prepares you for being assessed. However, it does not count to your final mark.
Description | Semester | When Set | Comment |
---|---|---|---|
Prob solv exercises | 1 | M | Practice questions provided |
Prob solv exercises | 2 | M | Practice questions provided |
Computer assessment | 1 | M | Formative multiple choice examination to consolidate learning by end of semester 1. |
Assessment Rationale And Relationship
The formal examination tests the students' intended knowledge and skills outcomes, in particular their ability to write succinct essays and solve numerical problems. The formative MCQ examination will provide feedback to students on their progress.
Reading Lists
Timetable
- Timetable Website: www.ncl.ac.uk/timetable/
- LAC2005's Timetable