Form C4
Heriot-Watt University - Course Descriptor
1. Course
Code
C37AP
2. Course
Title
5. School
Management & Languages
7. Delivery:
Location &
Semester
Edin
SBC
Orkney
Dubai
IDL
Collaborative Partner
Approved Learning Partner
Sem 1
Sem…1.
Sem……..
Sem…1…..
Sem…1
Name…………………….....Sem..…...
Name …See attached list…
8. Pre-requisites
None
9. Linked Courses
(specify if synoptic)
10. Excluded Courses
None
11. Replacement Courses
Code:
Accounting Profession and Practice
6. Course
Co-ordinator
7
4. Credits
15
Professor Nick Paisey
Sem…1…..
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
None
14. Available as an Elective?
Yes
No
15. Aims



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
Accounting methodology:







2.
Assets, liabilities and the accounting equation
Ledger accounting and double entry
Sources, records and the books of prime entry
Incomplete records
Year end adjustments — accruals, depreciation, bad debts, pre-payments, closing stock
Trial balance and preparation of final accounts
Final accounts — balance sheet, profit and loss account
Auditing:
Introduction to the role of the auditor
Audit regulation (company law and key auditing standards)
Audit process (including acceptance, planning, audit evidence, audit risk, audit reports)
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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)





Personal Abilities
understand and explain the methodology of accounting
set up 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
Industrial, Commercial & Professional Practice
 develop a professional awareness of the
importance of maintaining accurate records for
a business and the role of the audit professional


understand the basic features of the audit process, audit reporting and
audit regulation
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
ALPs only: Examination
Communication, Numeracy & ICT
 use core skills in a variety of
situations
 apply numerical and analytical
skills
2 Hours
2 Hours
Duration of Exam
30%
70%
100%
None
None
Examination
2 hours
Resit
Examination
2 hours
Resit
20. Date and Version
Date of Proposal
02 February 2013
Diet(s)
(if applicable)
Date of Approval by
School Committee
Date of
Implementation
Version
Number
2/2