Courses / Module

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

• Prepare partnership financial statements encompassing as appropriate allocation of profits and preparation of partners current and capital accounts;
• Analyse and interpret financial statements and prepare financial statements from incomplete accounting records;
• Appreciate ethical issues as they affect the accountant;
• Prepare financial statements of companies in accordance with company law requirements;
• Competently prepare the financial statements for individual companies and group companies to include subsidiaries and other practical accounting issues;
• Apply International Financial Reporting Standards (which includes; Conceptual Framework for Financial Reporting; IAS1, IAS2, IAS7, IAS8, IAS10, IAS12, IAS16, IAS20, IAS23, IAS37, IAS40, IFRS 9 and IFRS 16), to relevant business transactions and prepare financial statements (individual and group) in compliance with these standards; and
• Understand the similarities/differences between accounting treatments under the examinable IFRS and the equivalent for Irish and UK local accounting standards (FRS 100-102).

Delivery methods	Hours
Lectures	36
Labs / Practicals	0
Tutorials	20
Planned learning activities	0
Independent student activities	169
Total	225

• Module Graded (numeric value) or Ungraded (Pass/Not Passed): Graded
• Continuous Assessment detail(s): Assignments and/or MCQ

Assessment type	Options	Weighting	Duration
Continuous Assessment		20%
University scheduled written examination	On-campus	80%	180 minutes
Other		0%
Total		100%	180 minutes

• Pass standard: 40%
• Could the result of this module be capped? No
• 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/resit 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): 180 minutes, On-campus

• AC151 or equivalent

International Financial Accounting and Reporting - Ciaran Connolly

 

An Introduction to Financial Accounting - Margaret D'arcy

For a full timetable search, go to NUIM Timetable. Venue locations can be found here.