Courses / Module

On successful completion of the module, students should be able to:

• Apply international accounting standards to the preparation of financial statements;
• Prepare financial statements for a partnership including the allocation of profits in accordance with the partnership profit sharing ratio;
• Account for partnership goodwill and the revaluation of partnership assets when a partner joins or leaves the partnership or there is a change in the profit sharing ratio;
• Account for the dissolution of a partnership; and
• Evaluate at a high level, the role of audit and assurance in the business environment, and the role of audit evidence, audit procedures and audit reports in the audit process.

Delivery methods	Hours
Lectures	24
Labs / Practicals	0
Tutorials	10
Planned learning activities	0
Independent student activities	116
Total	150

• Module Graded (numeric value) or Ungraded (Pass/Not Passed): Graded

Assessment type	Weighting	Duration
Continuous Assessment	20%
University scheduled written examination	80%	90 minutes
Other	0%
Total	100%	90 minutes

• Pass standard: 40%
• Maynooth University School of Business Overall Mark Calculation and Continuous Assessment Policy applies to this module.
• Penalties: Standard School of Business penalties apply for late submission of assignments.

• Are Supplemental registrations permitted? Yes
• Continuous assessment marks from first sitting of this module will be carried forward into the Autumn repeat assessment cycle.
• University scheduled written examination (Autumn): 90 minutes
• Is Supplemental Continuous Assessment registration permitted? No
• Is Supplemental Continuous Assessment capped? No

• AC151 and AC152 or their equivalent.

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