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: AC110 Introduction to Accounting
Current from: 2020/1

Module Convenor: Mrs Julie Cooper

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

Type of module:

Summary module description:

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.

This module is delivered at the °ÄÃÅÁùºÏ²Ê¿ª½±¼Ç¼ UK and °ÄÃÅÁùºÏ²Ê¿ª½±¼Ç¼ Malaysia.

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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 and the double entry accounting system; preparation and presentation of financial statements; the limited company and its financial statements; financial statement analysis.

Global context:

The module includes international accounting

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:

Ìý	Autumn	Spring	Summer
Lectures	20	2	2
Practicals classes and workshops	16
Guided independent study:	Ìý	Ìý	Ìý
Ìý Ìý Wider reading (directed)	32
Ìý Ìý Exam revision/preparation			28
Ìý	Ìý	Ìý	Ìý
Total hours by term	68	2	30
Ìý	Ìý	Ìý	Ìý
Total hours for module	100

Summative Assessment Methods:

Method	Percentage
Written exam	100

Summative assessment- Examinations:

1 x 1.5 hours examination

Summative assessment- Coursework and in-class tests:

None

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:

• where the piece of work is submitted after the original deadline (or any formally agreed extension to the deadline): 10% of the total marks available for that piece of work will be deducted from the mark for each working day[1] (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:
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.

Assessment requirements for a pass:
A minimum mark of 40%.

Reassessment arrangements:

1 x 1.5 hour examination

Additional Costs (specified where applicable):

Required text books: P. Atrill &E.McLaney, Accounting and Finance: An Introduction (with e-text and VLE MyAccountingLab access card, Prentice Hall/Pearson, 9th ed. 2018 ISBN: 978-1-292-20448-2 @ £50.00 (2018-19 price)

Calculator:Ìý£15 (Casio FX-83GTPLUS or Casio FX-85GTPLUS)

Last updated: 4 April 2020