Financial Accounting 2
University of Glasgow
Area of Study
Taught In English
Financial Accounting 1
Recommended U.S. Semester Credits5
Recommended U.S. Quarter Units7
Hours & Credits
This course builds on the knowledge gained in Financial Accounting 1 and covers a range of advanced financial accounting concepts. The course is designed to help students construct financial statements, interpret financial statements and to develop a theoretical and analytical grasp of intermediate financial accounting issues.
This course builds on the material covered in Financial Accounting 1. The course aims to:
? Advance the ability of students to prepare accounts in accordance with relevant generally accepted accounting principles and standards (with an emphasis on International Standards);
? Encourage students to apply a critical and analytical approach to accounting; and
? Enhance students? analytical, management and communication skills.
By the end of this course, students should be able to:
? Prepare financial statements (including Income Statement, Statement of Financial Position (Balance Sheet) and notes) in a form appropriate for external users and in accordance with relevant regulations, guidelines and principles for simple groups.
? Prepare a Statement of Cash Flows and notes in a form appropriate for external users and in accordance with relevant regulations, guidelines and principles for individual organisations.
? Identify and solve problems of financial accounting practice by the selection and application of appropriate accounting principles, concepts and techniques.
? Critically evaluate alternative financial reporting theory and practice for a selection of important accounting issues.
Description of Summative Assessment:
Class test (25%) and degree examination (75%)
Courses and course hours of instruction are subject to change.
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 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.