Audit and Assurance
This module introduces the student to the conceptual and theoretical fundamentals of auditing combined with the practical application of auditing principles and the issues encountered in a financial reporting and audit environment. It identifies the skills that a professional auditor must have and how best to utilise those skills in today's challenging business environment.
Basic theoretical and conceptual framework including financial statements. The objectives of financial statements and users expectations. Double-entry book keeping and accounting procedures and systems. Preparation of financial statements for different types of enterprise; including from incomplete records.
Regulations and influences on financial reporting. Preparation of published financial statements; the interpretation of financial statements; Accounting for business combinations.
To provide students with an opportunity to study for a first time the concepts and processes used to determine product and service costs and to apply these to a range of costing and accounting systems and how this contributes to the achievement of organisational objectives.
Management Accounting in Practice
Having completed this module the student will be able to: understand the role of the management accountant and how this contributes to the achievement of organisational objectives; understand the role of modern management accounting practices which enable organisations to develop and assess performance; and apply appropriate management decision tools to a specified range of scenarios.
Regulatory Framework of Accounting
The nature and purpose of accounting theory; the theory of measurement of capital and income; the role of accounting regulation including the development of both international and national accounting standards; the legal framework and the stock exchange.
This module looks at the role and importance of finance and financial management within the process of managerial decision making. It will enable students to understand the principles of financial management, investment appraisal and working capital control and to provide relevant information and advice to both organisations and individuals.
A knowledge of taxation is essential to students intending to pursue a career in accounting and is an essential part of most financial and economic decision making. This module provides a fundamental undertaking of the main aspects of the UK tax system covering personal, business taxation, corporation tax, inheritance tax and capital gains tax as well as an understanding of the administration of the self-assessment system.
Quantitative Methods and Economic Environment
This module develops students' quantitative skills and provides the building blocks for subsequent quantitative analysis in the economics component of the module. This module will provide an introduction to the fundamental concepts and applications of economics as they affect individuals, firms and governments, as well as the policy decisions taken in industry, commerce, and local government.
Law for Accountants
This module develops an understanding of the legal system and how it works. It gives a knowledge of and experience in applying the rules of contract, agency, employment and company law considered to be of importance to the accountant in private practice.