FI5446 Financial Accounting

Academic year

2026 to 2027 Semester 1

Further information on which modules are specific to your programme.

Key module information

SCOTCAT credits

15

The Scottish Credit Accumulation and Transfer (SCOTCAT) system allows credits gained in Scotland to be transferred between institutions. The number of credits associated with a module gives an indication of the amount of learning effort required by the learner. European Credit Transfer System (ECTS) credits are half the value of SCOTCAT credits.

SCQF level

SCQF level 11

The Scottish Credit and Qualifications Framework (SCQF) provides an indication of the complexity of award qualifications and associated learning and operates on an ascending numeric scale from Levels 1-12 with SCQF Level 10 equating to a Scottish undergraduate Honours degree.

Planned timetable

TBC

This information is given as indicative. Timetable may change at short notice depending on room availability.

Module coordinator

Prof R J Ferguson

Prof R J Ferguson
This information is given as indicative. Staff involved in a module may change at short notice depending on availability and circumstances.

Module Staff

Prof John Ferguson, Dr Mohammed Alshurafa

This information is given as indicative. Staff involved in a module may change at short notice depending on availability and circumstances.

Module description

This module introduces students to fundamental financial accounting concepts and the preparation, interpretation and use of core financial statements. The module will consider the concepts and measurement assumptions that underpin the preparation of financial accounting information and the core accounting statements: the Statement of Financial Position, the Income Statement, and the Cash Flow Statement. The module will also consider how this information is used by shareholders, analysts and other stakeholders, as well as the limitations of this information.

Assessment pattern

Coursework = 50%, Examination = 50%

Re-assessment

Coursework = 100%

Learning and teaching methods and delivery

Weekly contact

2 lectures (x 10 weeks)

Scheduled learning hours

32

The number of compulsory student:staff contact hours over the period of the module.

Guided independent study hours

120

The number of hours that students are expected to invest in independent study over the period of the module.

Intended learning outcomes

  • Understand, apply and analyse fundamental financial accounting concepts
  • Demonstrate competence in the preparation and content of financial statements
  • Critically evaluate how financial accounting information might be used by shareholders, analyst and other stakeholders
  • Critically reflect on the limitations of financial accounting information
  • Prepare, analyse and apply financial accounting
  • Critically evaluate the role of financial accounting