MODULE APPROVAL/DESCRIPTOR FORM FOR USE FROM
November 2006
Leeds Metropolitan University
1
Module Title
Financial Reporting 3
2
Short Module Title
FR3
3
Date of Approval
4
Version Number
3
5
Date of Version
September
2007
09-Jan-2008
6
Level
H2
7
Credits
15
8
Status
Live
9
Notional Hours
150
10
Course code (Banner) 24546
11
CRN
12
Sponsoring Scheme/School/Subject
Area/Teaching and Research Group
Faculty of Business and Law,
Accountancy Subject Group
13
Subsidiary Business Centre (SBC) code
FC
14
Module Leader
Name: Jill Webb
(30 characters or less)
Contact details: j.webb@leedsmet.ac.uk
15
Module introduced as: (delete as appropriate)
Minor modification
16
Does this module replace any existing
modules?
No
17
Programmes for which this module is core
BA (Hons) Accounting & Finance
(accurate approved titles and level)
18
Programmes for which this module is elective
BA (Hons) Business IPOS H2
(accurate approved titles and level)
Sound understanding, and skills in the preparation of,
financial reporting statements for corporate entities.
Normally evidenced by successful completion of
Financial Reporting 2 or equivalent.
19
Pre-requisites or co-requisites
20
Modules for which this module is a prerequisite
None
21
Professional, statutory or regulatory body
requirements
Meets ACCA & CIMA exemptions criteria.
Assessment must be at least 50% examination.
22
Attendance requirements agreed at approval
None
Estimated student numbers
100
23
24
HESA Cost Centre
25
JACS Code
N300 Finance
26
Delivery type(s)
S – Standard delivery at Leeds Met
27
Module delivery partner(s)
N/A
D:\106766809.doc
27 Business and Management Studies
Leeds Metropolitan University
MODULE APPROVAL/DESCRIPTOR FORM FOR USE FROM
November 2006
1
Module Title
Financial Reporting 3
2
Short Module Title
FR3
3
Date of Approval
4
Version Number
3
5
Date of Version
September
2007
09-Jan-2008
6
Level
H2
7
Credits
15
8
Status
Live
9
Notional Hours
150
10
Course code (Banner) 24546
11
CRN
28
Module aims
29
Learning outcomes
(30 characters or less)
D:\106766809.doc
To develop the student’s knowledge and accounting skills in the context of
large business entities.
Upon successful completion of this module the student should be able to:
- prepare financial statements from trial balance in accordance with a
selection of International Accounting Standards and accounting
principles
- explain, apply and critically appraise a selection of International
Accounting Standards and accounting principles
- recognise problems of historical cost accounting and explain different
valuation bases and recognition rules
Leeds Metropolitan University
MODULE APPROVAL/DESCRIPTOR FORM FOR USE FROM
November 2006
1
Module Title
Financial Reporting 3
2
Short Module Title
FR3
3
Date of Approval
4
Version Number
3
5
Date of Version
September
2007
09-Jan-2008
6
Level
H2
7
Credits
15
8
Status
Live
9
Notional Hours
150
10
Course code (Banner) 24546
11
CRN
30
Key Skills developed
and/or assessed in
the module
(30 characters or less)
(Please specify which
are developed and
which are assessed)
PERSONAL SKILLS AND COMPETENCES
Opportunity
to
use/develop
Self Awareness
Citizenship
Change/coping with
uncertainty
Team/Group Skills
Leadership
Project Management and
action planning
CIT Skills
Numeric Skills
Creativity
Entrepreneurship
Written and Oral
Communication Skills
Presentation Skills
Listening/Feedback
Networking
Negotiating
X
X
X
X
X
ACADEMIC SKILLS AND COMPETENCES
Information Literacy
Questioning and critique
X
Analysing
Reasoning
X
Problem Solving and
X
Decision Making
CAREER SKILLS AND COMPETENCES
Career and Opportunity
Awareness
Transition Skills
Awareness of Employer’s
Needs
Continuing Professional
Development
D:\106766809.doc
Assessed
X
X
X
MODULE APPROVAL/DESCRIPTOR FORM FOR USE FROM
November 2006
Leeds Metropolitan University
1
Module Title
Financial Reporting 3
2
Short Module Title
FR3
3
Date of Approval
4
Version Number
3
5
Date of Version
September
2007
09-Jan-2008
6
Level
H2
7
Credits
15
8
Status
Live
9
Notional Hours
150
10
Course code (Banner) 24546
11
CRN
31
Indicative content
32
Teaching and
Learning Strategies
33
Assessment
(30 characters or less)
(Please detail all
components)
D:\106766809.doc













Tangible non-current assets and depreciation (IAS 16)
Intangible assets, including research and development (IAS 38)
Inventories and construction contracts (IAS 2 & 11)
Leases (IAS 17)
Financial instruments (IAS 32 & 39)
Retirement benefits (IAS 19)
Impairment of non-current assets (IAS 36)
Contingencies and provisions (IAS 37)
Post balance sheet events (IAS 10)
Revenue recognition (IAS 18 & the conceptual framework)
Alternative approaches to income asset valuation
Reporting financial performance (IAS 1)
Earnings Per Share (IAS 33)
Lectures will outline the main issues, providing the knowledge of techniques of
statement preparation and analysis. These will then be explored and applied
in weekly tutorials. Students will undertake preparatory work between lectures
and tutorials, supported by a workbook and web based material. Emphasis
will be placed on student independent learning through preparation for
seminars.
Summative:
A closed book terminal examination to assess individual knowledge,
numeracy, analytical skills and problem solving abilities.
Leeds Metropolitan University
MODULE APPROVAL/DESCRIPTOR FORM FOR USE FROM
November 2006
1
Module Title
Financial Reporting 3
2
Short Module Title
FR3
3
Date of Approval
4
Version Number
3
5
Date of Version
September
2007
09-Jan-2008
6
Level
H2
7
Credits
15
8
Status
Live
9
Notional Hours
150
10
Course code (Banner) 24546
11
CRN
34
Rationale for
assessment and
relationship of
assessment methods
to learning outcomes
(30 characters or less)
The assessment has been designed to address the learning outcomes of the
module. A terminal examination provides the opportunity to assess key skills
and knowledge and meets the requirements of the professional accounting
bodies.
Ethical issues are addressed through a review of current professional
guidelines and their application in practice. Globalisation is addressed through
the focus on international accounting standards.
35
Indicative sources
(texts / web based)
Barry Elliot and Jamie Elliot, “Financial Accounting, Reporting and Analysis”,
International Edition, Second Edition, FT Prentice Hall, 2006.
David Alexander, Anne Britton and Ann Jorissen, “International Financial
Reporting and Analysis”, FT Prentice Hall, 2006.
ACCA Complete Text F7 Financial Reporting (INT) 2007
International Accounting Standards - International Accounting Standards
Board
Directed reading guidance, including references to specific academic and
other journal articles, will be introduced depending on current issues.
36
Other resource needs
essential for delivery
of this module
AV Equipment
37
Has the library been
informed of resource
needs?
Yes
D:\106766809.doc
Leeds Metropolitan University
MODULE APPROVAL/DESCRIPTOR FORM FOR USE FROM
November 2006
1
Module Title
Financial Reporting 3
2
Short Module Title
FR3
3
Date of Approval
4
Version Number
3
5
Date of Version
September
2007
09-Jan-2008
6
Level
H2
7
Credits
15
8
Status
Live
9
Notional Hours
150
10
Course code (Banner) 24546
11
CRN
(30 characters or less)
The following sections 38-40 are to be completed for one delivery of this module only, which will be the
delivery set up on the Banner system
38
Campus, College or
other location
Civic Quarter , Cloth Hall Court
39
Delivery type
S – Standard delivery at Leeds Met
40
Part of term
X (Semester 1)
(When is delivery
scheduled)
Occasionally Y (Semester 2) on part-time BA (Hons) Accounting & Finance
40-41 for completion by RSO only
41
Email received by RSO from Dean or nominee
confirming approval
Yes / No
Date
42
Checked against duplicate module titles and
set up on Banner by RSO
Yes / No
Date
43
Non-Module Title Modification Tracking
Version
Details of modification
2
3
4
5
6
7
D:\106766809.doc
Date of
modification
Nature of
modification
Relevant
course leaders
informed