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AC2530: FINANCIAL ACCOUNTING 2 (2021-2022)

Last modified: 31 May 2022 13:05


Course Overview

The objective of FA2 is to build upon material introduced in first year in order to develop students'  technical skills in financial statement preparation. Students will gain an appreciation of the regulatory framework for financial reporting. They will examine the usefulness of financial statement information, by looking at the form and content of accounts produced by partnerships and public limited companies.  Students will explore how to account for basic transactions through the implementation of current accounting standards and apply their knowledge in both the manual and the computerised environment, the latter through the SAGE accounting package.

Course Details

Study Type Undergraduate Level 2
Session Second Sub Session Credit Points 15 credits (7.5 ECTS credits)
Campus Aberdeen Sustained Study No
Co-ordinators
  • Dr Mohamed Osman

What courses & programmes must have been taken before this course?

What other courses must be taken with this course?

None.

What courses cannot be taken with this course?

None.

Are there a limited number of places available?

No

Course Description

  1. Introduction & overview
  2. Types of business organisations
  3. Regulation and governance of companies: ASB & IASB
  4. Cash flow statements 1
  5. Non-current assets
  6. Liabilities
  7. Provisions, contingent assets & liabilities
  8. Accounting for groups, associates and foreign operations

Details for second half-session courses, including assessments, may be subject to change until 23 December 2022.

Contact Teaching Time

Information on contact teaching time is available from the course guide.

Teaching Breakdown

  • 1 Computer Practical during University week33
  • 1 Lecture during University weeks 26 - 35, 39
  • 1 Tutorial during University weeks 26 - 35, 39

More Information about Week Numbers


Details for second half-session courses, including assessments, may be subject to change until 23 December 2022.

Summative Assessments

Alternative Assessment

6 x Online MCQ tests (best 5 count for 30%);

1x End of course exam (70%)

Alternative Resit Assessment

End of course exam (100%)

 

Formative Assessment

There are no assessments for this course.

Course Learning Outcomes

Knowledge LevelThinking SkillOutcome
FactualRememberILO’s for this course are available in the course guide.

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