Module Identifier AC30710  
Module Title FINANCIAL ACCOUNTING 1: THE REGULATORY ENVIRONMENT  
Academic Year 2003/2004  
Co-ordinator Ms Megan R Williams  
Semester Semester 1  
Pre-Requisite AC10120 or, AC11020  
Course delivery Lecture   16 Hours  
  Seminars / Tutorials   6 Hours  
Assessment
Assessment TypeAssessment Length/DetailsProportion
Semester Exam3 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
Alexander, D and Britton, A (2001) Financial Reporting 6th edition. Thomson
Elliot, B and Elliot, J (2004) Financial Reporting and Accounting 8th edition. Prentice Hall
R Lewis and D Pendrill (2004) Advanced Financial Accounting 7th edition. Prentic Hall
** Recommended Text
Ernst and Young (2001) UK GAAP 7th edition. Butterworths Tolley
PricewaterhouseCoopers (1999) Manual of Accounting 2000 Gee

Notes

This module is at CQFW Level 6