Undergraduate Course: Accountancy 2A (ACCN08009)
||College||College of Arts, Humanities and Social Sciences
|Credit level (Normal year taken)||SCQF Level 8 (Year 2 Undergraduate)
||Availability||Available to all students
|Summary||This is an intermediate level course focusing on international financial reporting. Key topics include, the regulatory framework of corporate reporting, the accounting profession, preparation of published financial statements, accounting standards, tangible and intangible assets, liabilities and related issues, overseas involvement and accounting for groups.
Accountancy 2A is an intermediate course which builds on the knowledge gained in Accountancy 1A by examining more advanced aspects of financial accounting/and reporting. Students are expected to have a solid grasp of the basics of financial accounting, particularly the double-entry system for recording business transactions and period-end adjustments and the preparation of financial statements. It is intended that this course (together with Accountancy 2B in Semester 2) will offer a bridge for students proceeding to the study of accounting at honours level.
The course begins with a review of the topics covered in Accountancy 1A relating to the preparation of financial statements. This will be followed by issues relating to the preparation and presentation of corporate published financial statements, the regulatory framework for financial reporting and the accounting profession. We will examine the financial reporting standards and issues relating to the following: tangible and intangible assets; liabilities, equity, group accounts, statement of cash flows and accounting for overseas involvement.
Preparation & presentation of financial statements
The regulatory framework
The accounting profession
Statements of cash flows (direct/indirect & analysis)
Assets (including asset impairment & assets held for sale)
Associates & joint ventures
Related parties & changes in foreign exchange rates
Provisions and events after the reporting date
Student Learning Experience
Students will experience the identification and evaluation of different ways of learning including the assimilation of presented material, structured and free choice reading, interaction with staff and other students, practice by doing, use of learning facilities such as library and IT support. While the collaboration with others in the learning process is encouraged the enhancement of independent learning and self-management in finding, organising, assimilating information and in applying this knowledge is central to the course.
Lectures will introduce each new topic and materials/resources will be made available on Learn during the previous week.
Tutorials supplement the material covered in lectures. These consist of groups of around 14 students, engaging in weekly sessions facilitated by a tutor. Students prepare for the tutorial by completing quizzes, practical exercises and/or reviewing annual report extracts or other reading assignments for review/discussion during the session. The tutor is an important link with the class work and is there to help you in your learning.
Working through practical exercises is an essential part of learning accounting. Certain lecturer led activities are structured as workshop sessions where the class will be involved in solving practical exercises.
Information for Visiting Students
|Pre-requisites||Visiting students must have at least 1 introductory level course in Financial Accounting at grade B or above for entry to this course. We will only consider University/College level courses. It is recommended that Full Year students also take Accountancy 2B (ACCN08010).
|High Demand Course?
Course Delivery Information
|Academic year 2022/23, Available to all students (SV1)
|Learning and Teaching activities (Further Info)
Lecture Hours 30,
Seminar/Tutorial Hours 9,
Feedback/Feedforward Hours 9,
Summative Assessment Hours 3,
Programme Level Learning and Teaching Hours 4,
Directed Learning and Independent Learning Hours
|Assessment (Further Info)
|Additional Information (Assessment)
||Written Exam 90%, Coursework 10%
Coursework 10% (Online tests)
Exam (90%) Written exam (scheduled in Semester 1 December exam diet): 3 hours
Resit exam in August: 3 hours (100%)
||Formative: Students will have a variety of opportunities to receive feedback on progress:
- Immediate results and feedback from online quizzes linked to textbook chapters
- Self-assessment by working through examples and comparing answers with solutions
- Completing tutorial assignments, comparing with solutions and receiving tutor feedback/support on problem areas
- Results and feedback from online quizzes on Learn
- Practising exam style revision questions and comparing with the solutions
- Practising prior year exam paper and comparing with indicative solution and published generic feedback
Summative: Feedback on assessed quizzes available after the test submission period.
Your examination marks will be posted on Learn (together with generic feedback and examination statistics) as soon as possible after the Boards of Examiners meeting in January/February. Generic feedback will be made available on Learn. Students have the opportunity to view their examination scripts via TURNITIN.
||Hours & Minutes
|Main Exam Diet S1 (December)||Accountancy 2A Exam||3:00|
|Resit Exam Diet (August)||Accountancy 2A Resit Exam||3:00|
On completion of this course, the student will be able to:
- Prepare corporate financial statements for groups and individual companies in accordance with the requirements of the regulatory framework.
- Understand and discuss the regulatory framework for financial reporting.
- Understand and critically examine the accounting standards, techniques and issues relating to: tangible and intangible assets; liabilities, equity, group accounts, statement of cash flows and accounting for overseas involvement.
- Understand and discuss issues relating to the accounting profession.
|International Financial Reporting: A Practical Guide|
This textbook is core reading for the course and complements the lecture material, providing more detailed narrative and additional exercises for topics covered in lectures. The textbook will also be used for many tutorial exercises. The companion website provides quizzes for each chapter.
Please note that there have been a number of new financial reporting standards issued in recent years and the 8th edition has been updated accordingly and therefore it is not advisable to use an earlier edition.
Additional resources (e.g. company annual reports, articles from academic journals, online resources, reports from regulatory bodies and other supplementary reading) will be available to students through the course Resource List on Learn.
|Graduate Attributes and Skills
- The ability to learn.
- Analytical and Problem Solving.
- Numeracy and IT.
|Course organiser||Mrs Frances-Helen Hay
Tel: (0131 6)51 5248
|Course secretary||Miss Jen Wood
Tel: (0131 6)50 8335