Form C4
Heriot-Watt University - Course Descriptor
1. Course
Code
C38BA
2. Course
Title
5. School
Management & Languages
7. Delivery:
Location &
Semester
Edin
SBC
HWUM
Dubai
IDL
Collaborative Partner
Approved Learning Partner
Sem 1
Sem….
Sem……1..
Sem……..
Sem…
Name…………………….....Sem..…...
Name … …
8. Pre-requisites
None
9. Linked Courses
(specify if synoptic)
10. Excluded Courses
None
11. Replacement Courses
Code:
Business Accounting and Assurance
6. Course
Co-ordinator
8
4. Credits
15
TBA
Sem……..
None
12. Degrees for which
this is a core course
Date Of Replacement:
13. The course may be
delivered to:
3. SCQF
Level
UG only
PG only
UG & PG
MA (Hons) Accounting and Business Finance
14. Available as an Elective?
Yes
No
15. Aims




To understand the nature and purpose of financial and management accounting in the business context
To enable students to develop an understanding of the accounting methodology underlying the preparation of financial statements
To develop an understanding of the key components of the audit process and audit reporting
To develop an awareness of the regulation of the audit process
16. Syllabus
1. The accountant in business and the nature & purpose of financial and management accounting
2. The sole trader, partnership and limited liability company
3. Accounting methodology:
 Assets, liabilities and the accounting equation
 Ledger accounting and double entry
 Sources, records and the books of prime entry for recording tarnsactions and events
 Incomplete records
 Year end adjustments, the trial balance and preparation of basic financial statements
 Company annual reports and financial ratios
4. Islamic accounting concepts
5. Assurance:
 Introduction to the role of the auditor
1/2
Form C4

Heriot-Watt University - Course Descriptor
Audit regulation (company law and key auditing standards) and the audit process (including acceptance, planning, audit evidence, audit risk, audit reports)
17. Learning Outcomes (HWU Core Skills: Employability and Professional Career Readiness)
Subject Mastery
Understanding, Knowledge and Cognitive Skills





Personal Abilities
Scholarship, Enquiry and Research (Research-Informed Learning)
understand and explain the disctinction between financial and
management accounting
set up financial accounting systems to record the transactions of a
trading company
complete year end adjustments normally required in accounting
system
prepare final accounts from the figures produced by an accounting
system
understand the basic features of the audit process, audit reporting
and audit regulation
Industrial, Commercial & Professional Practice
 develop a professional awareness of the
importance of maintaining accurate records for
a business and the role of the accounting
and/or audit professional


formulate opinions and conclusions supported by evidence
demonstrate an interest in current developments in auditing
Autonomy, Accountability & Working with Others
 plan and organise own learning through selfmanagement and independent study
 work both independently and as part of a group
18. Assessment Methods
Method
19. Re-assessment Methods
Duration of Exam
Weighting (%)
Synoptic courses?
Method
(if applicable)
Coursework
Examination
Communication, Numeracy & ICT
 use core skills in a variety of
situations
 apply numerical and analytical
skills
2 Hours
Duration of Exam
30%
70%
None
None
Examination
2 hours
Resit
20. Date and Version
Date of Proposal
02 October 2014
Diet(s)
(if applicable)
Date of Approval by
School Committee
Date of
Implementation
Version
Number
2/2