UNIVERSITY OF KENT
MODULE SPECIFICATION TEMPLATE
SECTION 1: MODULE SPECIFICATIONS
1.
Title of the module
Financial Regulations and Reporting (CB732)
2.
School or partner institution which will be responsible for management of the
module
Kent Business School
3.
Start date of the module
Spring 2016
4.
The number of students expected to take the module
40
5.
Modules to be withdrawn on the introduction of this proposed module and
consultation with other relevant Schools and Faculties regarding the withdrawal
None
6.
The level of the module (e.g. Certificate [C], Intermediate [I], Honours [H] or
Postgraduate [M])
Level I
7.
The number of credits and the ECTS value which the module represents
15 credits (7.5 ECTs)
8.
Which term(s) the module is to be taught in (or other teaching pattern)
Spring
9.
Prerequisite and co-requisite modules
Pre-requisite: CB330 Fundamentals of Financial Accounting
Co-requisite: CBXXX Intermediate Financial Accounting
10. The programmes of study to which the module contributes
BA (Hons) Accounting and Management
BA (Hons) Accounting and Management with a Year in Industry
11. The intended subject specific learning outcomes
On completion of the module students will have acquired the:
11.1 Knowledge and understanding of the regulatory, commercial, professional and
social environment within which financial statements are prepared, published
and used
11.2 Knowledge and understanding of aspects of the economic, decision-theoretic
and behavioural underpinning to financial reporting
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UNIVERSITY OF KENT
11.3 Knowledge and understanding of the technical language and practices
employed in recognition, measurement and disclosure in financial statements in
the UK
11.4 Knowledge and understanding of alternative technical languages and practices
proposed for use in recognition and measurement in financial statements, to
reflect changes in prices
12. The intended generic learning outcomes
On completion of this module, students will have the:
12.1
Ability to critically evaluate arguments and evidence
12.2
Ability to manipulate financial data
12.3
Ability to prepare financial statements
12.4
Ability to communicate effectively
13. A synopsis of the curriculum
This module aims to provide students with a thorough understanding of the financial
accounting techniques at an advanced level and with an appreciation of the regulatory and
social environment within which financial reporting takes place.
 Conceptual framework of financial reporting
 Financial Reporting environment
 The Regulation of financial reporting
 Deferred Tax
 Research and Development
 Intangibles
 Group Accounting
 Associates and Joint Ventures
 Off Balance sheet financing
14. Indicative Reading List
Core Textbook
Elliott, B, Elliott, J. (2012). Financial accounting and reporting. 16th edn. London: Prentice
Hall
Further indicative readings:
Alexander, D, Britton, A, Jorissen, A, Alexander, D. (2011) International financial reporting
5th edn. Andover: Cengage Learning
Finch, C. (2012). A student’s guide to international financial reporting standards 3rd edn.
Kaplan London: Kaplan
Collins, B. McKeith, J. (2009).Financial Accounting and Reporting 2nd edn. London:
McGraw Hill
15. Learning and Teaching Methods, including the nature and number of contact hours
and the total study hours which will be expected of students, and how these relate to
achievement of the intended module learning outcomes:
The module employs two different modes in its approach to teaching and learning: two
lectures and one seminar per week. The objective of the former is to introduce formally the
conceptual and theoretical component of the course. Seminars are designed to encourage
active learning and peer-based methods of learning by setting questions for prior completion
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UNIVERSITY OF KENT
and actively encouraging discussion and feedback on those questions to solve numerical
problems. In both lectures and seminars time is also given for comment and questions.
Hours
Subject LOs
Generic LOs
Lectures
22
11.1 – 11.4
12.1 – 12.3
Seminars
10
11.1 – 11.4
12.1 – 12.4
Other Self-Managed
Learning
118
11.1 – 11.4
12.1 – 12.3
Total hours
150
16. Assessment methods and how these relate to testing achievement of the intended
module learning outcomes
The module will be assessed using a combination of module exam (70%) and coursework
(30%). The coursework element consists of two compulsory pieces: one individual essay
and one in-class timed closed book assessment. The individual essay will be aimed at
testing the more theoretical areas of the module whereas the closed book assessment will
be more computational in nature. The one hour, in class test will have a significant
computational proportion and will be similar in format to the seminar questions which will
assess students’ understanding and achievement of subject and generic LOs as noted in the
table below. This would involve students using the relevant concepts and applying them to
the questions asked. The end of module exam will assess all specific and generic learning
outcomes. The details of each type of assessment and the LOs assessed are given below:
Weighting Subject LOs
Examination – 2 hour closed 70%
book
Unseen computational In
15%
class Test 1 – 1 hour
Individual Essay Assignment 15%
1500 words
Generic LOs
11.1 – 11.4
12.1 – 12.4
11.1 – 11.4
12.1 – 12.4
11.1 – 11.4
12.1, 12.4
17. Implications for learning resources, including staff, library, IT and space
Staff time for the teaching hours outlined above. Library resources should be sufficient for
the indicative reading, lecturing and seminar facilities. There are not specific IT
requirements for this module beyond the usual module website for module material.
18. The School recognises and has embedded the expectations of current disability
equality legislation, and supports students with a declared disability or special
educational need in its teaching. Within this module we will make reasonable
adjustments wherever necessary, including additional or substitute materials,
teaching modes or assessment methods for students who have declared and
discussed their learning support needs. Arrangements for students with declared
disabilities will be made on an individual basis, in consultation with the University’s
disability/dyslexia support service, and specialist support will be provided where
needed.
19. Campus(es) where module will be delivered:
Medway
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UNIVERSITY OF KENT
SECTION 2: MODULE IS PART OF A PROGRAMME OF STUDY IN A UNIVERSITY
SCHOOL
Statement by the School Director of Learning and Teaching: "I confirm I have been
consulted on the above module proposal and have given advice on the correct procedures and
required content of module proposals"
................................................................
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Director of Learning and Teaching
Date
…………………………………………………
Print Name
Statement by the Head of School: "I confirm that the School has approved the introduction of
the module and, where the module is proposed by School staff, will be responsible for its
resourcing"
.................................................................
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Head of School
Date
…………………………………………………….
Print Name
Module Specification Template
Last updated February 2013
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