Modules

Core Module Information
Module title: Financial Accounting
SCQF level: 07:
SCQF credit value: 20.00
ECTS credit value: 10
Module code: ACC07102
Module leader: Sarah Borthwick Saddler
School The Business School
Subject area group: Accounting and Finance
Prerequisites

There are no pre-requisites for this module to be added
Description of module content:

The role and purpose of the financial accounting function including accounting concepts and principlesRecording transactions and events using double entry bookkeeping – Trial balance, bank reconciliations and control accountsPreparing profit & loss and balance sheet for sole traders and partnershipPreparing financial statements where accounting records are incomplete.
Learning Outcomes for module:

Upon completion of this module you will be able to

LO1: Explain the role and purpose of the financial accounting function.

LO2: Identify and explain the key accounting concepts and principles.

LO3: Record transactions in the ledger using double entry bookkeeping.

LO4: Prepare a profit and loss account and balance sheet for an unincorporated business entity.

LO5: Prepare financial statements from incomplete records.
Full Details of Teaching and Assessment
2023/4, Trimester 1, In Person,
VIEW FULL DETAILS
Occurrence: 001
Primary mode of delivery: In Person
Location of delivery: CRAIGLOCKHAR
Partner:
Member of staff responsible for delivering module: Sarah Borthwick Saddler
Module Organiser:


Student Activity (Notional Equivalent Study Hours (NESH))
Mode of activityLearning & Teaching ActivityNESH (Study Hours)
Face To Face Lecture 24
Face To Face Practical classes and workshops 24
Online Guided independent study 152
Total Study Hours200
Expected Total Study Hours for Module200


Assessment
Type of Assessment Weighting % LOs covered Week due Length in Hours/Words
Practical Skills Assessment 50 1~2~3 Week 8 HOURS= 1hr 30mins
Centrally Time Tabled Examination 50 1~2~3~4~5 Exam Period HOURS= 2
Component 1 subtotal: 50
Component 2 subtotal: 50
Module subtotal: 100

Indicative References and Reading List - URL:
Financial Accounting
 

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