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DRPS : Course Catalogue : Business School : Common Courses (Management School)

Postgraduate Course: Financial Accounting (CMSE11373)

Course Outline
SchoolBusiness School CollegeCollege of Arts, Humanities and Social Sciences
Credit level (Normal year taken)SCQF Level 11 (Postgraduate)
Course typeOnline Distance Learning AvailabilityNot available to visiting students
SCQF Credits20 ECTS Credits10
SummaryThis course will introduce course participants to the nature and scope of financial accounting and fundamental accounting concepts and students will examine business structures, the accounting requirements of each type, and the standard procedure for recording transactions. Course participants will also acquire knowledge of legal and international accounting regulations and how these rules are applied in the preparation of financial statements. Students will acquire knowledge of tools to analyse financial statements overall in order to recognise key trends for a business, and to relate accounting to the broader strategic and operational aspects of a business.

As this is the first course in year one of the online MSc Accounting and Society, this course will also introduce students to the online tools and resources that will be used in all courses on this programme.
Course description Upon successful completion of this course students will be able to demonstrate a full understanding of fundamental accounting concepts, business structures, and the accounting requirements for each type of structure. Course participants will prepare financial statements for various business structures, and analyse and interpret the resulting information using ratio analysis. Students will also examine accounting in the broader context of the strategic and operational aspects of the business.

This course will also introduce students to the tools and resources available in online learning on this programme overall.
Entry Requirements (not applicable to Visiting Students)
Pre-requisites Co-requisites
Prohibited Combinations Other requirements None
Course Delivery Information
Not being delivered
Learning Outcomes
On completion of this course, the student will be able to:
  1. Show a high level of competence in using online learning tools and resources.
  2. Understand the nature and scope of accounting, fundamental accounting concepts and the regulatory framework which governs the area.
  3. Explain the structure and accounting requirements of sole traders, partnerships, limited companies and not-for-profit entities.
  4. Understand the principles of recording transactions and the controls used in accounting systems.
  5. Prepare financial statements and understand the meaning of the information provided in those statements and accompanying narrative reports.
Reading List
Additional Information
Graduate Attributes and Skills - Enhancement of technology skills through use of online learning tools.
- Exercise independent learning and analytical skills.
- Critical evaluation and interpretation of course material.
- Apply analytical and problem solving skills to numerical information.
KeywordsFA AS
Course organiserMs Deirdre Ruddy
Course secretaryMrs Kelly-Ann De Wet
Tel: (0131 6)50 8071
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