Module manager: Jonathan Duxbury
Email: j.duxbury@leeds.ac.uk
Taught: Semesters 1 & 2 (Sep to Jun) View Timetable
Year running 2024/25
| LUBS1235 | Introductory Financial Accounting |
| LUBS2035 | Finance for Small Business |
| LUBS2290 | Intermediate Financial Accounting |
This module is not approved as a discovery module
This module aims to provide you with knowledge of the theoretical underpinnings which drive the current regulations and corporate guidance for UK companies. In addition, it covers the practical aspects of financial accounting and reporting required of companies following the International Financial Reporting Standards in the UK. It covers the technical accounting for a wide range of issues and will enable you to build on existing technical knowledge to a standard that allows you to apply and critically evaluate the rules and principles being applied under IFRS. By the end of this module, you should be able to analyse the key aspects in a set of financial statements and be able to critically assess the accounting methods adopted.
This module covers the financial accounting and reporting required of companies following the International Financial Reporting Standards in the UK. It covers the technical accounting for a wide range of issues and will enable you to build on existing technical knowledge to a standard that allows you to apply and critically evaluate the rules and principles being applied under IFRS. By the end of this module, you should be able to analyse the key aspects in a set of financial statements and be able to critically assess the accounting methods adopted.
Upon completion of this module students will be able to:
- Explain why there is a need for regulation and standards in financial reporting and the problems caused by necessary flexibility for accounting standards and be able to identify and analyse the effects of creative accounting.
- Demonstrate an awareness of current developments including recognising the difference between accounting for profit and accounting for cash.
- Evaluate the purpose, form and requirements of accounting standards covering a variety of aspects of financial reporting, such as tangible and intangible assets, group accounts and interpretation of financial statements prepared under IFRS.
Upon completion of this module students will be able to:
- Apply technical knowledge to a variety of scenarios to enable further analysis and interrogation
- Structure, analyse, interrogate and communicate information
Indicative content:
- Introduction to the regulation of accounting and international financial reporting standards
- Form and content of published accounting statements: Income Statement, Statement of Financial Position, Statement of Cashflows, other legal requirements
- Specific international accounting standards: such as property, plant and equipment, intangible assets, accounting for business combinations
- Interpretation of financial statements
- Current developments
| Delivery type | Number | Length hours | Student hours |
|---|---|---|---|
| Lecture | 20 | 1.5 | 30 |
| Seminar | 10 | 1 | 10 |
| Private study hours | 160 | ||
| Total Contact hours | 40 | ||
| Total hours (100hr per 10 credits) | 200 | ||
This could include a variety of activities, such as reading, watching videos, question practice and exam preparation.
Your teaching methods could include a variety of delivery models, such as face-to-face teaching, live webinars, discussion boards and other interactive activities. There will be opportunities for formative feedback throughout the module.
| Exam type | Exam duration | % of formal assessment |
|---|---|---|
| Standard exam (closed essays, MCQs etc) | 3.0 Hrs Mins | 100 |
| Total percentage (Assessment Exams) | 100 | |
The resit for this module will be 100% by 3 hour examination.
The reading list is available from the Library website
Last updated: 29/04/2024
Errors, omissions, failed links etc should be notified to the Catalogue Team