University of Galway

Course Module Information

Course Modules

Semester 1 | Credits: 5

This course is intended to develop in students the skills necessary to prepare, interpret and use accounting and financial information in a business context. The course will provide a good basic foundation in Financial Accounting for both students who do not intend to specialise in Accounting and those who will progress to more advanced study of accounting in the future.
(Language of instruction: English)

Learning Outcomes
  1. Identify the contexts in which accounting can be seen operating and consider the role and value of accounting in these contexts.
  2. Record and summarise organisational transactions and other economic events using double entry book-keeping.
  3. Prepare general purpose financial statements for entities presenting financial performance and position.
  4. Analyse and interpret general purpose financial statements.
  5. Explain the underlying assumptions and qualitative characteristics of financial reporting and demonstrate how they are applied to general purpose financial statements.
Assessments
  • Written Assessment (80%)
  • Continuous Assessment (20%)
Teachers
The above information outlines module AY104: "Introduction to Financial Accounting" and is valid from 2020 onwards.
Note: Module offerings and details may be subject to change.