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Learning Outcomes tested
(from module syllabus)
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Assessment Criteria To achieve each outcome a student must demonstrate the ability to:
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Upon successful completion of this module students will be able to:
Discuss and demonstrate applied skills in handling accounting data with reference to preparing financial statements and be able to discuss and understand the role of accounting from an open systems perspective.
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- Develop skills in handling accounting data to prepare financial statements and appreciate the role of accounting from an open systems perspective
- Understand the functions of accounting standards and accounting regulatory bodies and the importance of business accounting to corporate and business planning
- Appreciate the role and use of accounting in management decision making and control
- Understand the behavioural dimensions of accounting approaches and techniques
- Demonstrate a broad appreciation of current developments in accounting
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In the UK a conceptual and regulatory framework is currently in place for financial reporting as required by the International Accounting Standards Board (IASB). Some have a view that this standard of reporting as being over-burdened with information. This excess of detail is an attempt to address specific requirements of different users.
Using an organisation of your choice that is listed on the stock exchange, discuss how the financial information meets the needs of five different non-management external users.
Include in this discussion the qualitative characteristics that make information useful to users of these financial reports. Are there any weaknesses in the provision of information to these users?
2500 words +/- 10%. Any deviation from this will be penalised.
Format
Report format – Please ensure that you acknowledge our sources of data using Harvard referencing method.
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GUIDANCE FOR Students IN THE COMPLETION OF TASKS
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NOTE: The guidance offered below is linked to the five common assessment criteria overleaf.
1. Research-informed Literature
Your work must be informed and supported by scholarly material that is relevant to and focused on the task(s) set. You should provide evidence that you have accessed a wide range of sources, which may be academic, governmental and industrial; these sources may include academic journal articles, textbooks, current news articles, organisational documents, and websites. You should consider the credibility of your sources; academic journals are normally highly credible sources while websites require careful consideration/selection and should be used sparingly. Any sources you use should be current and up-to-date, mostly published within the last five years or so, though seminal/important works in the field may be older. You must provide evidence of your research/own reading throughout your work, using in-text citations in the main body of your work and a reference list that is alphabetical at the end of your work. Please use the Harvard referencing system.
Specific to this assignment: Good answers show evidence of research beyond the case material provided.
2. Knowledge and Understanding of Subject
Your work must demonstrate the growing extent of your knowledge and understanding of concepts and underlying principles associated with the subject area. Knowledge relates to the facts, information and skills you have acquired through your learning. You demonstrate your understanding by interpreting the meaning of the facts and information (knowledge). This means that you need to select and include in your work the concepts, techniques, models, theories, etc. appropriate to the task(s) set. You should be able to explain the theories, concepts, etc. meaningfully to show your understanding. Your mark/grade will also depend upon the extent to which you demonstrate your knowledge and understanding; ideally each should be complete and detailed, with comprehensive coverage.
Specific to this assignment: Marks are given for identification and application of relevant theoretical models.
3. Analysis
Your work must contain evidence of logical, analytical thinking, evaluation and synthesis. For example, to examine and break information down into parts, make inferences, compile, compare and contrast information. This means not just describing What! but also justifying: Why? How? When? Who? Where? At all times, you must provide justification for your arguments and judgements. Evidence that you have reflected upon the ideas of others within the subject area is crucial to you providing a reasoned and informed debate within your work. Furthermore, you should provide evidence that you are able to make sound judgements and convincing arguments using data and concepts. Sound, valid conclusions are necessary and must be derived from the content of your work. There should be no new information presented within your conclusion. Where relevant, alternative solutions and recommendations may be proposed.
Specific to this assignment: Analysis comes from appropriate data and information to provide insights.
4. Practical Application and Deployment
You should be able to demonstrate how the subject-related concepts and ideas relate to real world situations or a particular context. How do they work in practice? You will deploy models, methods, techniques, and/or theories, in that context, to assess current situations, perhaps to formulate plans or solutions to solve problems, some of which may be innovative and creative. This is likely to involve, for instance, the use of real world examples and cases, the application of a model within an organisation and/or benchmarking one organisation against others based on stated criteria. You should show awareness of the limitations of concepts and theories when applied in particular contexts.
Specific to this assignment: ALL recommendations to be sourced from and relevant to the analysis provided.
5. Skills for Professional Practice
Your work must provide evidence of the attributes expected in professional practice. This includes demonstrating your individual initiative and/or collaborative working. You must communicate effectively in a suitable format, which may be written and/or oral, for example, essay, management report, presentation. Work should be coherent and well-structured in presentation and organisation.
Specific to this assignment: Report format normally includes the following sections: Executive Summary, Introduction, Main Findings, Conclusions, Recommendations, References and Appendices. Your report should be written in a suitable academic writing style i.e. using the third person.
