Introductory International Financial Accounting B

University of Reading

Course Description

  • Course Name

    Introductory International Financial Accounting B

  • Host University

    University of Reading

  • Location

    Reading, England

  • Area of Study

    Accounting, Finance, Peace and Conflict Studies

  • Language Level

    Taught In English

  • Course Level Recommendations

    Lower

    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • ECTS Credits

    5
  • Recommended U.S. Semester Credits
    3
  • Recommended U.S. Quarter Units
    4

  • Overview

    Module Provider: Business Informatics, Systems and Accounting
    Number of credits: 10 [5 ECTS credits]
    Level:4
    Terms in which taught: Spring term module
    Pre-requisites: AC105A Introductory International Financial Accounting A
    Non-modular pre-requisites:
    Co-requisites:
    Modules excluded:
    Summary module description:
    Aims:
    This module aims to develop further students? knowledge and understanding of international corporate financial reporting and the skills to apply this to the preparation of company financial statements.
    Assessable learning outcomes:
    By the end of the unit it is expected that students will be able to:
    1. Apply further the principles and underlying concepts relating to financial accounting with respect to the process of recording, summarising and presenting financial accounting data
    2. Organise and present information clearly, succinctly and in the required format under timed conditions
    Additional outcomes:
    Workshops and assignments are also designed to encourage the development of oral communication and student effectiveness in group situations. Structured activities are designed to develop independent learning skills. IT skills are developed by the use of the Blackboard course management system and the on-line textbook linked VLE
    Outline content:
    Reviewing the conceptual framework of financial accounting and reporting; recording transactions and events using double-entry accounting; preparation and presentation of the statement of financial position and the income statement including adjustments for cost of sales, accruals and prepayments, irrecoverable debts and allowances, and depreciation; inventory valuation; accounting for non-current assets; company financial statements including the statement of comprehensive income and the statement of changes in equity and the statement of cash flows; the regulation of financial reporting.
    Brief description of teaching and learning methods:
    Lectures will be used for the exposition of the main concepts, principles and techniques associated with the discipline. Workshops will focus on discussion and numerical practice.
    Contact hours:
    Spring
    Lectures 18
    Practicals classes and workshops 10
    Guided independent study 72
    Total hours by term 100.00
    Total hours for module 100.00
    Summative Assessment Methods:
    Method- Percentage
    Written exam 100
    Formative assessment methods:
    Work will be set for most weeks of the unit to enable students to gain the necessary numerical practice. Most of this work is primarily designed as a learning vehicle in support of independent learning.
    Length of examination:
    One 1.5 hour unseen written paper to be held during the May/June examination period.
    Requirements for a pass:
    A minimum mark of 40%
    Last updated: 8 October 2014

Course Disclaimer

Courses and course hours of instruction are subject to change.

Some courses may require additional fees.

Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.

ECTS (European Credit Transfer and Accumulation System) credits are converted to semester credits/quarter units differently among U.S. universities. Students should confirm the conversion scale used at their home university when determining credit transfer.

Please reference fall and spring course lists as not all courses are taught during both semesters.

Please note that some courses with locals have recommended prerequisite courses. It is the student's responsibility to consult any recommended prerequisites prior to enrolling in their course.

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