Surrey University Stag

FINANCIAL ACCOUNTING 2 - 2023/4

Module code: MAN2090

Module Overview

Accounting is concerned with measurement and management.  Measurement is concerned with recording past data, and management with the use of that data to make decisions that will benefit the business.

Module provider

Surrey Business School

Module Leader

HAN Liang (SII DUFE)

Number of Credits: 15

ECTS Credits: 7.5

Framework: FHEQ Level 5

JACs code: N410

Module cap (Maximum number of students): N/A

Overall student workload

Workshop Hours: 11

Independent Learning Hours: 117

Lecture Hours: 22

Module Availability

Semester 1

Prerequisites / Co-requisites

None

Module content

Module content encompasses the following topics:


  • Published financial statements for a limited company together with relevant notes;

  • Statement of cash flows;

  • Manufacturing Accounts

  •  Partnership Accounts

  •  Club accounts;

  • Incomplete records


Assessment pattern

Assessment type Unit of assessment Weighting
School-timetabled exam/test CLASS TEST SET DATE AND TIME (50 mins) 30
Examination EXAM SET TIME AND DATE (2 hours) 70

Alternative Assessment

Not applicable

Assessment Strategy

There are two summative assessments for this module: a class test and an end of semester examination.

Class test

The class test will comprise multiple choice questions and/or questions requiring short written answers. 

Examination

The exam paper will include scenario questions.  Questions may contain several parts (part (a), part (b) etc).

Assessment questions

Assessments will include both quantitative and qualitative questions.

Quantitative questions are designed to assess numerical, application of knowledge and analytical skills.

Qualitative questions will assess application of knowledge, synthesis, creative thinking and problem-solving skills.

Formative assessment and feedback

Formative assessments such as a sample class test and exam paper will be available to support students in preparation for summative assessments and to provide ongoing feedback. Such feedback will help students identify their strengths and weaknesses and help develop revision plans for the summative assessments.

Students are also expected to engage with other feedback provided during seminars and feedback and advice hours throughout the semester.

Module aims

  • Develop and expand on the knowledge brought forward from Financial Accounting 1 by further application of various international accounting standards and industry practices
  • Explore the differences between the legal, financing and reporting structure of various business entities
  • Prepare and interpret the financial statements for limited companies, clubs and partnerships applying both theoretical and practical knowledge

Learning outcomes

Attributes Developed
001 Explain the difference between various company types including the differences in legal structure, ownership, financing and reporting requirements KT
002 Construct an income statement and statement of financial position for limited companies, clubs and partnerships from a trial balance or from various other sources in the event of incomplete records KCP
003 Prepare and analyse the statement of cash flows for limited companies KCP
004 Analyse the financial statements of limited companies using ratio analysis in conjunction with their published annual reports KCP
005 Explain and apply advanced financial reporting using various IFRSs and IASs KCPT

Attributes Developed

C - Cognitive/analytical

K - Subject knowledge

T - Transferable skills

P - Professional/Practical skills

Methods of Teaching / Learning

The learning and teaching strategy is based on a hybrid teaching model, incorporating elements of both live and on-demand learning.

On-demand learning is designed for students to explore the topics in their own time and includes a range of guided learning activities.  Guided learning activities may include pre-recorded videos, practice questions & solutions, quizzes, discussion forum and links to further reading.

Live learning allows students to explore and engage in discussions on the topics and also practise more complex questions and receive answers and feedback to queries from their tutor.

This learning and teaching strategy provides students with the opportunity to acquire knowledge and to understand the relevant theory and develop effective solutions for decision making in the context of case study scenarios.

Indicated Lecture Hours (which may also include seminars, tutorials, workshops and other contact time) are approximate and may include in-class tests where one or more of these are an assessment on the module. In-class tests are scheduled/organised separately to taught content and will be published on to student personal timetables, where they apply to taken modules, as soon as they are finalised by central administration. This will usually be after the initial publication of the teaching timetable for the relevant semester.

Reading list

https://readinglists.surrey.ac.uk
Upon accessing the reading list, please search for the module using the module code: MAN2090

Please note that the information detailed within this record is accurate at the time of publishing and may be subject to change. This record contains information for the most up to date version of the programme / module for the 2023/4 academic year.