AC30710 - FINANCIAL ACCOUNTING 1: THE REGULATORY ENVIRONMENT

Module Identifier

AC30710

Module Title

FINANCIAL ACCOUNTING 1: THE REGULATORY ENVIRONMENT

Academic Year

2005/2006

Co-ordinator

Ms Megan R Williams

Semester

Intended for use in future years

Next year offered

N/A

Next semester offered

N/A

Pre-Requisite

AC10120 or, AC11020

Course delivery

Lecture

Seminars / Tutorials

Assessment

Assessment Type	Assessment Length/Details	Proportion
Semester Exam	3 Hours	100%
Supplementary Exam		100%

Learning outcomes

On completion of this module students will have gained an understanding of

The preparation and presentation of company accounts
The regulatory framework which governs the format and content of company accounts. This includes the statutory requirement of the Companies Acts and also those of the Accounting Standards Board under the aegis of the Financial Reporting Council.
The application of specific accounting standards, including those relating to stock and work in progress, research and development, and government grants.

Brief description

This module is concerned with the preparation of company accounts, and of the calculation of particular items included within those accounts. It provides an introduction to the layout of company accounts and an appreciation of some of the contentious issues relating to their preparation.

Reading Lists

Books
** Recommended Text
Elliot, B and Elliot, J (2004) Financial Reporting and Accounting 8th edition. Prentice Hall
Ernst and Young (2001) UK GAAP 7th edition. Butterworths Tolley
PricewaterhouseCoopers (1999) Manual of Accounting 2000 Gee
Alexander, D and Britton, A (2001) Financial Reporting 6th edition. Thomson
R Lewis and D Pendrill (2004) Advanced Financial Accounting 7th edition. Prentic Hall

Notes

This module is at CQFW Level 6