Course Catalogue

Financial Accounting 2 ACCFIN2003

  • Academic Session: 2026-27
  • School: Adam Smith Business School
  • Credits: 20
  • Level: Level 2 (SCQF level 8)
  • Typically Offered: Semester 2
  • Available to Visiting Students: Yes
  • Collaborative Online International Learning: No
  • Curriculum For Life: No

Short Description

This course builds on the knowledge gained in Financial Accounting 1 and covers a range of advanced financial accounting concepts. The course is designed to help students construct financial statements, interpret financial statements and to develop a theoretical and analytical grasp of intermediate financial accounting issues.

Timetable

Workshops: 2 hours x 10 weeks 

Tutorials: 1 hour tutorial x 8 weeks.

Requirements of Entry

Normally a grade D3 or above in Financial Accounting 1 or equivalent.

Excluded Courses

None

Co-requisites

None

Assessment

1. In-course exam: online; Individual; 60 minutes; 25%; ILOs 2-4.

2. Degree exam: in-person; Individual; 120 minutes; 75%; ILOs 1-4.

Main Assessment In: December

Course Aims

This course builds on the material covered in Financial Accounting 1. The course aims to:

■ Advance the ability of students to prepare accounts in accordance with relevant generally accepted accounting principles and standards (with an emphasis on International Standards);

■ Encourage students to apply a critical and analytical approach to accounting; and

■ Enhance students' analytical, management and communication skills.

Intended Learning Outcomes of Course

By the end of this course, students should be able to:

1. Prepare financial statements (including Income Statement, Statement of Financial Position (Balance Sheet) and notes) in a form appropriate for external users and in accordance with relevant regulations, guidelines and principles for simple groups.

2. Prepare a Statement of Cash Flows and notes in a form appropriate for external users and in accordance with relevant regulations, guidelines and principles for individual organisations.

3. Identify and solve problems of financial accounting practice by the selection and application of appropriate accounting principles, concepts and techniques.

4. Critically evaluate alternative financial reporting theory and practice for a selection of important accounting issues.

Minimum Requirement for Award of Credits

No exceptions