BE110-5-FY-CO:
Financial Reporting and Analysis
2016/17
Essex Business School
Colchester Campus
Full Year
Undergraduate: Level 5
Current
30
05 March 2002
Requisites for this module
(none)
(none)
(none)
(none)
BE120, BE130, BE132
BSC N400 Accounting,
BSC N401 Accounting (Including Foundation Year),
BSC N402 Accounting (Including Year Abroad),
BSC N404 Accounting (Including Placement Year),
BSC N420 Accounting and Finance,
BSC N420NS Accounting and Finance,
BSC N422 Accounting and Finance (Including Placement Year),
BSC NN43 Accounting and Finance (Including Foundation Year),
BSC NNK3 Accounting and Finance (Including Year Abroad),
BSC NN24 Accounting and Management,
BSC NN27 Accounting and Management (Including Placement Year),
BSC NN42 Accounting and Management (Including Foundation Year),
BSC NNK2 Accounting and Management (Including Year Abroad),
BSC N4L1 Accounting with Economics (Including Foundation Year),
BSC NKL1 Accounting with Economics (Including Year Abroad),
BSC NL41 Accounting with Economics,
BSC NL44 Accounting with Economics (Including Placement Year),
BSC N390NS Banking and Finance,
BA L148 Financial Economics and Accounting,
BA L149 Financial Economics and Accounting (Including Year Abroad)
The module extends the financial accounting component of the first year accounting module, BE100, to the preparation and analysis of the published financial statements of limited companies operating on their own, or within group structures. The content includes the regulation of financial reporting, the function and content of the main published statements, the problems posed by consolidated statements, the analysis of financial statements to assess company/group performance, and problems connected with the treatment of taxation, depreciation, and specific aspects of the asset-expense distinction.
The module is complete in itself, but is also intended to provide students with the conceptual knowledge and technical skills necessary for third year modules in financial accounting.
Module Aims
1. to foster in students an inquiring and critical attitude in respect of the subject of financial accounting.
2. to broaden and deepen students' knowledge of certain topics in financial accounting.
3. to provide students with a sufficient background in financial accounting that they can assess and evaluate competing claims as to the appropriate treatment in respect of certain accounting issues discussed in the module.
4. to provide students with a firm foundation for their third year studies in financial reporting.
Module Outcomes
After completing the module, students should be able to:
1. demonstrate an understanding and critical awareness of some of the key debates in modern financial reporting
2. demonstrate an understanding of the strengths and limitations of modern financial reporting and an awareness of how perceived problems have changed over time
3. prepare a set of published financial statements in accordance with the requirements of the Companies Acts and specified accounting standards
4. identify and discuss some of the issues involved in accounting for taxation
5. prepare a set of consolidated accounts incorporating some simple adjustments using the acquisition method
6. analyse the performance and prospects of companies using publicly available information.
No information available.
No information available.
Skills for your professional life (transferable skills)
Skills for your professional life (Transferable Skills)
The module is specifically designed to provide students with a set of transferable skills which will be applicable in their professional life. Specifically, the module seeks to support students to:
identify and critically evaluate key features and arguments covered in texts
communicate effectively orally and in writing, in presentations and essays
develop a range of technical skills enabling them to analyse data and identify key features
develop problem solving skills relating to financial accounting issues
work effectively as part of a team (team working skills in developing a poster))
work under pressure independently and effectively to meet deadlines (time keeping skills)
gather, evaluate, structure and present information (poster session)
develop coherent and well-structured lines of argument supported by relevant analysis and concepts.
Teaching Delivery
The module will be delivered by:
10 one hour lectures (weeks 2 – 11)
10 one hour workshops (weeks 2 - 11)
10 one hour classes (weeks 2 – 11)
NB the week numbers here and throughout the booklet are those officially designated by the University for the academic year. Week 1 is 'Freshers week', when no teaching takes place. See the university website:
http://www.essex.ac.uk/students/course-admin/timetables.aspx and under Terms, exams and vacations, click on either the pdf or excel file for 2016-17.
The lectures will explore the main areas and themes covered in the module. The workshops will be used flexibly depending on the topic covered in the lecture to elaborate or expand on the lecture material or to demonstrate the solution to problems or questions. The material covered in the classes will be drawn from a wide variety of sources such as textbooks, journal articles, learning materials for professional exams, past exam papers etc. As such, the class question for each week will be uploaded on moodle the week before.
Students are expected to read the references in the reading list and prepare problems and exercises as specified in advance of the classes, so that they can take an active part in discussing the various issues that will be considered in the classes.
Assessment
The module will be assessed by a combination of examination and coursework.
The final mark for the module will be:
50% of the examination mark plus
50% of the coursework mark
One written assignment consisting of an essay/report, one online test and one group presentation make up the coursework mark.
The weightings are as follows:
20% of the written assignment mark (submitted in Spring term)
15% of the online test mark (Autumn term)
15% of the group presentation (to take place in the Spring term)
Assessment items, weightings and deadlines
| Coursework / exam |
Description |
Deadline |
Coursework weighting |
| Coursework |
AUTUMN TERM ESSAY |
|
40% |
| Coursework |
PRESENTATION HAND-IN |
|
30% |
| Written Exam |
AUTUMN TERM TEST |
|
30% |
| Exam |
Main exam: 180 minutes during Summer (Main Period)
|
Exam format definitions
- Remote, open book: Your exam will take place remotely via an online learning platform. You may refer to any physical or electronic materials during the exam.
- In-person, open book: Your exam will take place on campus under invigilation. You may refer to any physical materials such as paper study notes or a textbook during the exam. Electronic devices may not be used in the exam.
- In-person, open book (restricted): The exam will take place on campus under invigilation. You may refer only to specific physical materials such as a named textbook during the exam. Permitted materials will be specified by your department. Electronic devices may not be used in the exam.
- In-person, closed book: The exam will take place on campus under invigilation. You may not refer to any physical materials or electronic devices during the exam. There may be times when a paper dictionary,
for example, may be permitted in an otherwise closed book exam. Any exceptions will be specified by your department.
Your department will provide further guidance before your exams.
Overall assessment
Reassessment
Module supervisor and teaching staff
Azimjon Kuvandikov AU term, Pawan Adhikari SP term & Diogenis Baboukardos SP term
ebsugcol@essex.ac.uk
Yes
Yes
No
Prof Penelope Tuck
The University of Birmingham
Professor of Accounting, Public Finance and Policy
Available via Moodle
Of 373 hours, 311 (83.4%) hours available to students:
14 hours not recorded due to service coverage or fault;
48 hours not recorded due to opt-out by lecturer(s).
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