Form C4
Heriot-Watt University - Course Descriptor
1. Course
Code
C38FR
2. Course
Title
Financial Reporting
3. SCQF
Level
5. School
Management & Languages
7. Delivery:
Location &
Semester
Edin
SBC
HWUM
Dubai
IDL
Collaborative Partner
Approved Learning Partner
Sem 1
Sem…….
Sem…….2.
Sem…1…..
Sem…1
Name…………………….....Sem..…...
Name …See attached list…
6. Course
Co-ordinator
8. Pre-requisites
C37FA1Introduction to Accounting, C37FF Finance and Financial Reporting, or equivalent
9. Linked Courses
(specify if synoptic)
10. Excluded Courses
None
11. Replacement Courses
Code:
4. Credits
Dr David Leung
Sem…1……..
12. Degrees for which
this is a core course
UG only
PG only
UG & PG
BA/MA Accountancy and Finance; BA/MA Accountancy;
BA/MA Accountancy and Business Law; MA Accounting
MA (Hons) Accounting and Business Finance
14. Available as an Elective?
Yes
No
15. Aims




To introduce students to the nature and purpose of financial accounting and the principles and practices of accounting for groups of companies.
To provide an understanding of the problems facing preparers and those who seek to interpret published financial statements.
To develop a critical understanding of the application and limitations of company law and major accounting standards in the topic areas of the module.
Evaluate the extent to which the needs of users are served by financial reporting.
16. Syllabus





15
None
Date Of Replacement:
13. The course may be
delivered to:
8
Regulatory framework of financial reporting.
Accounting for intangible and tangible assets.
Recognition of liabilities.
Cash flow statements.
Introduction to the principles and practice of group accounting
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Form C4
Heriot-Watt University - Course Descriptor
17. Learning Outcomes (HWU Core Skills: Employability and Professional Career Readiness)
Subject Mastery
Understanding, Knowledge and Cognitive Skills
Scholarship, Enquiry and Research (Research-Informed Learning)




apply technical knowledge relevant to the topic areas of the module
in relation to companies reporting under company law and
accounting standards;
select and apply the relevant provisions of appropriate accounting
standards in dealing with particular financial reporting problems of
companies;
demonstrate an interest in current academic and professional
developments in accountancy & finance, particularly financial
reporting.
Personal Abilities
Industrial, Commercial & Professional Practice
 understand and explain the institutional
framework of group accounting;
 understand the financial and commercial
pressures influencing group accounting
practice;
 produce consolidated financial statements for
groups.

18. Assessment Methods
Method
Duration of Exam

transfer theoretical and practical problem-solving skills to a variety of
contexts;
recognise, evaluate and comment critically upon alternative points of
view with conclusions supported by evidence and research;
Autonomy, Accountability & Working with Others
 plan and organise own learning through selfmanagement;
Communication, Numeracy & ICT
 apply statistical and numerical
skills;
19. Re-assessment Methods
Weighting (%)
Synoptic courses?
Method
(if applicable)
Coursework
Examination
ALPs only: Examination
2 Hours
2 Hours
Duration of Exam
Diet(s)
(if applicable)
30%
70%
100%
None
None
Examination
2 hours
Resit
Examination
2 hours
Resit
20. Date and Version
Date of Proposal
October 2014
Date of Approval by
School Committee
October 2014
Date of
Implementation
September 2015
Version
Number
2/2
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