UCC Book of Modules, 2012/2013: ACXXXX

Credit Weighting: 5

Teaching Period(s): Teaching Periods 1 and 2.

No. of Students: -.

Pre-requisite(s): None

Co-requisite(s): None

Teaching Methods: 24 x 1hr(s) Lectures; Other (Up to 8 x 1hr Tutorials).

Module Co-ordinator: Ms Maeve McCutcheon, Department of Accounting, Finance and Information Systems.

Lecturer(s): Dr Tong Yu Cao, Department of Accounting, Finance and Information Systems.

Module Objective: To provide participants with an introduction to Accounting.

Module Content: Introduction to the theory, concepts, practices and roles of corporate financial reporting. Data measurement, recording and analysis, preparation and presentation of financial statements.

Learning Outcomes: On successful completion of this module, students should be able to:
· Outline the structure of the Regulatory Framework;
· Discuss and apply the main accounting conventions and qualitative characteristics of financial information;
· Illustrate the principles of double entry bookkeeping;
· Demonstrate the required accounting treatment for various issues;
· Prepare and Present Financial Statements;
· Summarise the information needs of various users of financial statements.

Assessment: Total Marks 100: End of Year Written Examination 80 marks; Continuous Assessment 20 marks (Interim MCQ examination 20 marks).

Compulsory Elements: End of Year Written Examination; Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Work which is submitted late shall be assigned a mark of zero (or a Fail Judgement in the case of Pass/Fail modules).

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: 1 x 1½ hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 1½ hr(s) paper(s) to be taken in Autumn. Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 5

Teaching Period(s): Teaching Periods 1 and 2.

No. of Students: -.

Pre-requisite(s): None

Co-requisite(s): None

Teaching Methods: 24 x 1hr(s) Lectures; Other (up to 12 hours Tutorials).

Module Co-ordinator: Ms Maeve McCutcheon, Department of Accounting, Finance and Information Systems.

Lecturer(s): Ms Fiona O'Brien, Department of Accounting, Finance and Information Systems.

Module Objective: To provide participants with an introduction to Accounting.

Module Content: Introduction to the theory, concepts, practices and roles of corporate financial reporting. Data measurement, recording and analysis, preparation and presentation of financial statements.

Learning Outcomes: On successful completion of this module, students should be able to:
· Outline the structure of the Regulatory Framework;
· Discuss and apply the main accounting conventions and qualitative characteristics of financial information;
· Illustrate the principles of double entry bookkeeping;
· Demonstrate the required accounting treatment for various issues;
· Prepare and present Financial Statements;
· Summarise the information needs of various users of financial statements.

Assessment: Total Marks 100: End of Year Written Examination 80 marks (End of Year written examination); Continuous Assessment 20 marks (Interim MCQ Examination).

Compulsory Elements: End of Year Written Examination; Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): None.

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: 1 x 1½ hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 1½ hr(s) paper(s) to be taken in Autumn. Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 10

Teaching Period(s): Teaching Periods 1 and 2.

No. of Students: -.

Pre-requisite(s): None

Co-requisite(s): None

Teaching Methods: 48 Lectures; Tutorials (up to 10hrs Tutorials).

Module Co-ordinator: Mr Derry Cotter, Department of Accounting, Finance and Information Systems.

Lecturer(s): Mr Eamon Fagan, Department of Accounting, Finance and Information Systems.

Module Objective: To provide an introduction to Financial Accounting.

Module Content: Identification, classification and recording of accounting data; profit and other measurements; preparation of accounting reports; basic analysis.

Learning Outcomes: On successful completion of this module, students should be able to:
· Apply double entry principles to account for business transactions.
· Use the nominal ledger to summarise all business transactions for a period.
· Extract a trial balance from the nominal ledger, thereby identifying all assets, liabilities, capital, income and expenses.
· Use the trial balance to prepare the Balance Sheet, Income Statement, and Cash Flow Statement of a business.
· Interpret the financial statements, so as to assess the performance and financial position of a business.
· Apply appropriate controls to ensure the accuracy of the financial records of a business, and the security of its assets.
· Apply the rules of the International Accounting Standards Board in accounting for certain business transactions.

Assessment: Total Marks 200: End of Year Written Examination 200 marks.

Compulsory Elements: End of Year Written Examination.

Penalties (for late submission of Course/Project Work etc.): None.

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: 1 x 3 hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 3 hr(s) paper(s) to be taken in Autumn.

Credit Weighting: 10

Teaching Period(s): Teaching Periods 1 and 2.

No. of Students: -.

Pre-requisite(s): None

Co-requisite(s): None

Teaching Methods: 24 x 2hr(s) Lectures; Other (Up to 12 x 1hr Tutorials; Practicals as required).

Module Co-ordinator: Mr Derry Cotter, Department of Accounting, Finance and Information Systems.

Lecturer(s): Mr John Doran, Department of Accounting, Finance and Information Systems.

Module Objective: Introduction to the context, theory and practice of Management Accounting.

Module Content: Models of short term and strategic decision-making, resource planning and operational budgeting in organisations, performance measurement and the analysis of variances. Product costing in both manufacturing and service industries and the use of costing information to produce competitive advantage.

Learning Outcomes: On successful completion of this module, students should be able to:
· Undertake Cost-Volume-Profit (CVP) analysis and interpret the results.
· Establish relevant cash flows for decision making and apply these princples in a variety of contexts including pricing, project choice and make or buy decisions.
· Apply appropriate principles to decisions made subject to constraints.
· Prepare budgets for a variety of enterprise types.
· Calculate cost and sales variances and interpret the resulting figures.
· Understand the strengths and weaknesses of budgetary control mechanisms and their modern alternatives.
· Apply a range of product costing mechanisms.
· Discuss the characteristics of traditional and modern approaches to costing.

Assessment: Total Marks 200: End of Year Written Examination 200 marks.

Compulsory Elements: End of Year Written Examination.

Penalties (for late submission of Course/Project Work etc.): None.

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: 1 x 3 hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 3 hr(s) paper(s) to be taken in Autumn.

Credit Weighting: 5

Teaching Period(s): Teaching Periods 1 and 2.

No. of Students: Min 10, Max 200.

Pre-requisite(s): None

Co-requisite(s): None

Teaching Methods: 24 x 1hr(s) Lectures; Other (up to 6 x 1hr Tutorials).

Module Co-ordinator: Mr John Doran, Department of Accounting, Finance and Information Systems.

Lecturer(s): Ms Claire O'Sullivan Rochford, Department of Accounting, Finance and Information Systems.

Module Objective: To introduce participants to the fundamental principles of Accounting.

Module Content: Introduction to the objectives and scope of accounting. Basics of Accounting concepts. Preparation of financial statements. Control accounts. Working capital management. Accounting for limited companies. Basics of cash-flow statements. Financial analysis. Basics of auditing and fraud recognition and prevention.

Learning Outcomes: On successful completion of this module, students should be able to:
· Outline the structure of the Regulatory Framework;
· Discuss and apply the main accounting conventions and qualitative characteristics of financial information;
· Illustrate the principles of double entry bookkeeping;
· Demonstrate the required accounting treatment for various issues;
· Prepare and present Financial Statements:
· Summarise the information needs of various users of financial statements.

Assessment: Total Marks 100: End of Year Written Examination 80 marks; Continuous Assessment 20 marks (Interim MCQ examination 20 marks).

Compulsory Elements: End of Year Written Examination; Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Work which is submitted late shall be assigned a mark of zero (or a Fail Judgement in the case of Pass/Fail modules).

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: 1 x 1½ hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 1½ hr(s) paper(s) to be taken in Autumn. Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 5

Teaching Period(s): Teaching Periods 1 and 2.

No. of Students:

Pre-requisite(s): None

Co-requisite(s): None

Teaching Methods: 24 x 1hr(s) Lectures; Other (up to 12 x 1 hr Tutorials).

Module Co-ordinator: Dr Margaret Healy, Department of Accounting, Finance and Information Systems.

Lecturer(s): Dr Tong Yu Cao, Department of Accounting, Finance and Information Systems.

Module Objective: Introduction to Management Accounting.

Module Content: Introduction to the theory and practice of management accounting for organisational decision-making; basic principles of budgeting and cost analysis.

Learning Outcomes: On successful completion of this module, students should be able to:
· Distinguish between Financial Accounting and Management Accounting Information Systems
· Demonstrate the relevance of the distinction between fixed and variable costs
· Perform Cost Volume Profit Analysis (CVP) and interpret the results
· Identify relevant cash flows for decision making and apply these in a variety of contexts
· Discuss the characteristics of traditional approaches to costing
· Describe forces of change in Management Accounting practice.

Assessment: Total Marks 100: End of Year Written Examination 80 marks; Continuous Assessment 20 marks (Project/ Interim Examination : 20 marks).

Compulsory Elements: End of Year Written Examination; Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Where work is submitted up to and including 7 days late, 5% of the total marks available shall be deducted from the mark achieved. Where work is submitted up to and including 14 days late, 10% of the total marks available shall be deducted from the mark achieved. Work submitted 15 days late or more shall be assigned a mark of zero.

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: 1 x 1½ hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 1½ hr(s) paper(s) to be taken in Autumn. Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 10

Teaching Period(s): Teaching Periods 1 and 2.

No. of Students: Min 10, Max 100.

Pre-requisite(s): None

Co-requisite(s): None

Teaching Methods: 48 Lectures; Other (Up to 10hrs Practicals/Tutorials).

Module Co-ordinator: Mr Mark Mulcahy, Department of Accounting, Finance and Information Systems.

Lecturer(s): Mr Mark Mulcahy, Department of Accounting, Finance and Information Systems; Mr David Humphreys, Department of Accounting, Finance and Information Systems.

Module Objective: To introduce students to the theoretical foundations of corporate finance with some applications.

Module Content: The concept of shareholder value; the theory of investment decisions; capital budgeting and decision making techniques; portfolio theory; asset pricing; market efficiency; introduction to option pricing theory.

Learning Outcomes: On successful completion of this module, students should be able to:
· Apply financial techniques to personal finance decisions
· Make informed capital budgeting decisions
· Explain the benefit of combining assets in a portfolio
· Use the CAPM for investment decisions
· Assess the validity of the efficient markets hypothesis
· Calculate the value of shares
· Outline the usefulness of financial options.

Assessment: Total Marks 200: End of Year Written Examination 160 marks; Continuous Assessment 40 marks (Interim written examination 40 marks).

Compulsory Elements: End of Year Written Examination; Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Work which is submitted late shall be assigned a mark of zero (or a Fail Judgement in the case of Pass/Fail modules).

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: 1 x 3 hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 3 hr(s) paper(s) to be taken in Autumn. Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 10

Teaching Period(s): Teaching Periods 1 and 2.

No. of Students: Min 10, Max 100.

Pre-requisite(s): None

Co-requisite(s): None

Teaching Methods: 48 Lectures; Other (Up to 10hrs Practicals/Tutorials).

Module Co-ordinator: Dr Peter Cleary, Department of Accounting, Finance and Information Systems.

Lecturer(s): Mr Mark Mulcahy, Department of Accounting, Finance and Information Systems; Mr David Humphreys, Department of Accounting, Finance and Information Systems.

Module Objective: To introduce students to the theoretical foundations of corporate finance with some applications.

Module Content: The concept of shareholder value; the theory of investment decisions; capital budgeting and decision making techniques; portfolio theory; asset pricing; market efficiency; introduction to option pricing theory.

Learning Outcomes: On successful completion of this module, students should be able to:
· Apply financial techniques to personal finance decisions
· Make informed capital budgeting decisions
· Explain the benefit of combining assets in a portfolio
· Use the CAPM for investment decisions
· Assess the validity of the efficient markets hypothesis
· Calculate the value of shares
· Outline the usefulness of financial options.

Assessment: Total Marks 200: End of Year Written Examination 160 marks; Continuous Assessment 40 marks (Interim written examination 40 marks).

Compulsory Elements: End of Year Written Examination; Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Work which is submitted late shall be assigned a mark of zero (or a Fail Judgement in the case of Pass/Fail modules).

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: 1 x 3 hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 3 hr(s) paper(s) to be taken in Autumn. Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 5

Teaching Period(s): Teaching Period 1.

No. of Students: Min 20, Max 100.

Pre-requisite(s): None

Co-requisite(s): None

Teaching Methods: Other (6hrs (Distance Education Module)).

Module Co-ordinator: Ms Maeve McCutcheon, Department of Accounting, Finance and Information Systems.

Lecturer(s): Staff, Department of Accounting, Finance and Information Systems.

Module Objective: To provide an overview of accounting principles and procedures and the financial environment of credit unions.

Module Content: Financial institutions and credit unions. Financial services of credit unions. Financial statements and accounting principles. Basic financial statement preparation and analysis. Financial planning and risk management. Financial control and the use of ratio analysis. Financial services and practices and the roles of staff and volunteers.

Learning Outcomes: On successful completion of this module, students should be able to:
· Outline the similarities and differences between credit unions and other financial institutions
· Identify the financial operations of credit unions and the financial services they provide
· Prepare a set of financial statements for a typical credit union in keeping with generally accepted accounting practice in the area
· Analyse the difference between budgeted and actual financial data for credit unions
· Describe the main methods for risk management adopted by credit unions
· Formulate the main PEARLS ratios for credit unions
· Summarise the various roles and financial activities carried out within credit unions.

Assessment: Total Marks 100: End of Year Written Examination 60 marks; Continuous Assessment 40 marks (Assignments).

Compulsory Elements: End of Year Written Examination; Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Work which is submitted late shall be assigned a mark of zero (or a Fail Judgement in the case of Pass/Fail modules).

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: 1 x 1½ hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 1½ hr(s) paper(s) to be taken in Autumn. The mark for Continuous Assessment is carried forward.

Credit Weighting: 5

Teaching Period(s): Teaching Periods 1 and 2. (Part 1: November - February).

No. of Students: Min 12, Max 20.

Pre-requisite(s): None.

Co-requisite(s): None.

Teaching Methods: 16hr(s) Lectures; 2hr(s) Workshops; 80hr(s) Directed Study.

Module Co-ordinator: Prof Ciaran Murphy, Department of Accounting, Finance and Information Systems.

Lecturer(s): Staff, Department of Accounting, Finance and Information Systems, and Industry Presenters.

Module Objective: To give participants an understanding of key financial measures and demonstrate some practical skills in financial analysis.

Module Content: Application of financial statement as financial models of the business to report performance and confirm financial stability. Introduction to the concepts and methods of financial control. Use of key financial measures and ratios.

Learning Outcomes: On successful completion of this module, students should be able to:
· Analyse the structure of the balance sheet, the trading profit and loss account and the cash flow statement.
· Assess performance in terms of profitability and financial stability.
· Apply and interpret key financial measures.
· Critically evaluate a set of company accounts.

Assessment: Total Marks 100: Continuous Assessment 100 marks (1 Learning Log, 50 marks; 1 x financial analysis assignment, 50 marks).

Compulsory Elements: Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Where work is submitted up to and including 7 days late, 5% of the total marks available shall be deducted from the mark achieved. Where work is submitted up to and including 14 days late, 10% of the total marks available shall be deducted from the mark achieved. Work submitted 15 days late or more shall be assigned a mark of zero.

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: No End of Year Written Examination.

Requirements for Supplemental Examination: Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated (as prescribed by the Department).

Credit Weighting: 5

Teaching Period(s): Teaching Periods 1 and 2.

No. of Students:

Pre-requisite(s): None

Co-requisite(s): None

Teaching Methods: 20 x 1hr(s) Lectures; Other (Up to 5hrs Practicals).

Module Co-ordinator: Mr Derry Cotter, Department of Accounting, Finance and Information Systems.

Lecturer(s): Mr Paul Tollman, Department of Accounting, Finance and Information Systems; Ms Aileen Waterman, Department of Careers Service.

Module Objective: To ensure students are fully prepared for placement in the company.

Module Content: Transferrable skills, the changing world of work, team working skills, managing time and projects, placement interview skills, making presentations.

Learning Outcomes: On successful completion of this module, students should be able to:
· Outline the requirements of the modern work environment;
· Discuss and apply team working skills;
· Illustrate the principles of time and project management;
· Demonstrate appropriate interview techniques;
· Prepare CV, covering letter and employment application forms;
· Prepare and present Powerpoint Presentations.

Assessment: Total Marks 100: Continuous Assessment 100 marks (1 x 2,500 word project).

Compulsory Elements: Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Work which is submitted late shall be assigned a mark of zero (or a Fail Judgement in the case of Pass/Fail modules).

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: No End of Year Written Examination.

Requirements for Supplemental Examination: Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated (Resubmission of revised Continuous Assessment, as prescribed by the Department).

Credit Weighting: 10

Teaching Period(s): Teaching Periods 1 and 2.

No. of Students:

Pre-requisite(s): AC1111 or equivalent

Co-requisite(s): None

Teaching Methods: 48 Lectures; Other (Up to 20hrs Tutorials).

Module Co-ordinator: Mr Derry Cotter, Department of Accounting, Finance and Information Systems.

Lecturer(s): Ms Sandra Brosnan, Department of Accounting, Finance and Information Systems.

Module Objective: To develop an understanding of contemporary corporate financial reporting.

Module Content: Development of issues of income measurement, asset valuation, recognition of liabilities and the presentation of financial information. Consideration of the regulatory framework of corporate financial reporting. The theory, nature and effects of accounting regulations on the published financial reports of corporations and other entities.

Learning Outcomes: On successful completion of this module, students should be able to:
· Explain and apply various International Financial Accounting Standards to business transactions;
· Compare and contrast the requirements of International Financial Accounting Standards with the Irish/UK equivalent;
· Critically analyse the requirements of the regulatory framework for the recognition of assets, liabilities, income measurement and presentation of financial statements;
· Identify and interpret various complex business combinations;
· Prepare a set of group financial statements for consolidation purposes;
· Discuss and review various contemporary accounting issues.

Assessment: Total Marks 200: End of Year Written Examination 160 marks; Continuous Assessment 40 marks (Interim MCQ examination 40 marks).

Compulsory Elements: End of Year Written Examination; Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Work which is submitted late shall be assigned a mark of zero (or a Fail Judgement in the case of Pass/Fail modules).

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: 1 x 3 hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 3 hr(s) paper(s) to be taken in Autumn. Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 5

Teaching Period(s): Teaching Period 1.

No. of Students:

Pre-requisite(s): None

Co-requisite(s): None

Teaching Methods: 24 Lectures; Other (Up to 5 hrs Tutorials).

Module Co-ordinator: Mr Mark Mulcahy, Department of Accounting, Finance and Information Systems.

Lecturer(s): Ms Maeve McCutcheon, Department of Accounting, Finance and Information Systems.

Module Objective: To develop an understanding of the role of taxation in financial decisions.

Module Content: Theory and practice in the taxation of Investment Income and Business Income including an introduction to Income Tax, Corporation Tax and Capital Gains Tax.

Learning Outcomes: On successful completion of this module, students should be able to:
· Explain the terms efficiency fairness and simplicity in taxation
· Describe the main features of the Irish taxation system
· Calculate the income and capital gains tax liabilities of individuals
· Discuss the impact of taxation on the behaviour of individuals
· Describe and evaluate the operation of the value added tax system
· Discuss the impact of recent changes in the Irish tax system.

Assessment: Total Marks 100: End of Year Written Examination 80 marks; Continuous Assessment 20 marks (Project).

Compulsory Elements: End of Year Written Examination; Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Work which is submitted late shall be assigned a mark of zero (or a Fail Judgement in the case of Pass/Fail modules).

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: 1 x 1½ hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 1½ hr(s) paper(s) to be taken in Autumn. Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 5

Teaching Period(s): Teaching Period 1.

No. of Students:

Pre-requisite(s): AC1111; AC1112; AC1117

Co-requisite(s): None

Teaching Methods: 24 x 1hr(s) Practicals.

Module Co-ordinator: Mr Mark Mulcahy, Department of Accounting, Finance and Information Systems.

Lecturer(s): Ms Eimear Walsh, Department of Accounting, Finance and Information Systems.

Module Objective: To develop an understanding of the use of computing in financial decision making.

Module Content: Relevant computer applications as support for decision analysis, investment appraisal, capital budgeting, financial management, risk return optimisation and sensitivity analysis.

Learning Outcomes: On successful completion of this module, students should be able to:
· Use relevant computer software applications to produce reports, spreadsheets, charts, graphs and presentations, in a business context.
· Use relevant computer software applications to build practical models for relevant theories of corporate finance and accounting.
· Use relevant computer software applications as support for decision making with respect to investment appraisal, capital budgeting, financial management, risk return optimisation and sensitivity analysis.

Assessment: Total Marks 100: Continuous Assessment 100 marks (project based assessment).

Compulsory Elements: Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Work which is submitted late shall be assigned a mark of zero (or a Fail Judgement in the case of Pass/Fail modules).

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: No End of Year Written Examination.

Requirements for Supplemental Examination: Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated (Resubmission of revised Continuous Assessment, as prescribed by the Department).

Credit Weighting: 5

Teaching Period(s): Teaching Periods 1 and 2.

No. of Students:

Pre-requisite(s): None

Co-requisite(s): None

Teaching Methods: 20 Lectures; Other (Up to 5hrs Practicals).

Module Co-ordinator: Mr Mark Mulcahy, Department of Accounting, Finance and Information Systems.

Lecturer(s): Ms Aileen Waterman, Department of Careers Service; Dr Mark Hutchinson, Department of Accounting, Finance and Information Systems.

Module Objective: To ensure students are fully prepared for placement in the company.

Module Content: Transferable skills, the changing world of work, team working skills, managing time and projects, placement interview skills, making presentations.

Learning Outcomes: On successful completion of this module, students should be able to:
· Outline the requirements of the modern work environment;
· Discuss and apply team working skills;
· Illustrate the principles of time and project management;
· Demonstrate appropriate interview techniques;
· Prepare CV, covering letter and employment application forms;
· Prepare and present Powerpoint Presentations.

Assessment: Total Marks 100: Continuous Assessment 100 marks (1 x 2,500 word project).

Compulsory Elements: Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Work which is submitted late shall be assigned a mark of zero (or a Fail Judgement in the case of Pass/Fail modules).

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: No End of Year Written Examination.

Requirements for Supplemental Examination: Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated (Resubmission of revised Continuous Assessment, as prescribed by the Department).

Credit Weighting: 5

Teaching Period(s): Teaching Period 2.

No. of Students:

Pre-requisite(s): AC1117 or equivalent

Co-requisite(s): None

Teaching Methods: 24 x 1hr(s) Lectures; Tutorials (up to 10 hrs).

Module Co-ordinator: Mr Mark Mulcahy, Department of Accounting, Finance and Information Systems.

Lecturer(s): Mr Steve O'Callaghan, Department of Accounting, Finance and Information Systems.

Module Objective: To further study financial management principles and practices.

Module Content: Valuation of firms, mergers and acquisitions, international finance, financial agency theory, working capital management.

Learning Outcomes: On successful completion of this module, students should be able to:
· Explain why a firm's choice of capital structure can matter.
· Apply WACC and APV approaches and discuss their limitations.
· Discuss the dividend payout decision and the alternatives to dividends.
· Explain the importance of working capital management.
· Describe how companies raise finance and discuss the problems which they encounter in so doing.

Assessment: Total Marks 100: End of Year Written Examination 70 marks; Continuous Assessment 30 marks (Interim examination).

Compulsory Elements: End of Year Written Examination; Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Work which is submitted late shall be assigned a mark of zero (or a Fail Judgement in the case of Pass/Fail modules).

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: 1 x 1½ hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 1½ hr(s) paper(s) to be taken in Autumn. Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 5

Teaching Period(s): Teaching Period 2.

No. of Students: Min 10, Max 100.

Pre-requisite(s): AC1117 or equivalent

Co-requisite(s): None

Teaching Methods: 24 Lectures; Other (Up to 10hrs Tutorials).

Module Co-ordinator: Mr Mark Mulcahy, Department of Accounting, Finance and Information Systems.

Lecturer(s): Mr Steve O'Callaghan, Department of Accounting, Finance and Information Systems.

Module Objective: To further study financial management principles and practices.

Module Content: Valuation of firms, mergers and acquisitions, international finance, financial agency theory, working capital management.

Learning Outcomes: On successful completion of this module, students should be able to:
· Explain why a firm's choice of capital structure can matter.
· Apply WACC and APV approaches and discuss their limitations.
· Discuss the dividend payout decision and the alternatives to dividends.
· Explain the importance of working capital management.
· Describe how companies raise finance and discuss the problems which they encounter in so doing.

Assessment: Total Marks 100: End of Year Written Examination 70 marks; Continuous Assessment 30 marks (Interim examination).

Compulsory Elements: End of Year Written Examination; Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Work which is submitted late shall be assigned a mark of zero (or a Fail Judgement in the case of Pass/Fail modules).

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: 1 x 1½ hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 1½ hr(s) paper(s) to be taken in Autumn. Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 5

Teaching Period(s): Teaching Periods 1 and 2.

No. of Students:

Pre-requisite(s): None

Co-requisite(s): None

Teaching Methods: 24 Lectures; Other (up to 10hrs Tutorials).

Module Co-ordinator: Mr John Doran, Department of Accounting, Finance and Information Systems.

Lecturer(s): Dr Tong Yu Cao, Department of Accounting, Finance and Information Systems.

Module Objective: To provide participants with an introduction to Management Accounting.

Module Content: Introduction to the theory and practice of cost analysis for decision-making. Budgeting in organisations. Performance measurement.

Learning Outcomes: On successful completion of this module, students should be able to:
· Discuss the differences between management accounting and financial accounting and their implications;
· Explain the cost concepts, cost analysis and costing approaches in a manufacturing context for reporting and decision making purposes;
· Discuss the role of budgeting in business organisations and demonstrate the knowledge of budget preparation;
· Discuss the role and apply the techniques of planning, control, performance measurement and strategic management accounting in business organisations.

Assessment: Total Marks 100: End of Year Written Examination 80 marks; Continuous Assessment 20 marks (Project/ Interim examination: 20 marks).

Compulsory Elements: End of Year Written Examination; Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Work which is submitted late shall be assigned a mark of zero (or a Fail Judgement in the case of Pass/Fail modules).

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: 1 x 1½ hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 1½ hr(s) paper(s) to be taken in Autumn. Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 10

Teaching Period(s): Teaching Periods 1 and 2.

No. of Students:

Pre-requisite(s): None

Co-requisite(s): None

Teaching Methods: 48 Lectures; Other (Up to 10hrs Tutorials).

Module Co-ordinator: Dr Margaret Healy, Department of Accounting, Finance and Information Systems.

Lecturer(s): Ms Eimear Walsh, Department of Accounting, Finance and Information Systems.

Module Objective: To develop knowledge of Intermediate Management Accounting.

Module Content: Developing calculative routines for operational budgeting, performance measurement and variance analysis in organisations. Theories and models of control. Costing practices for product and customer profitability analysis. Design of activity based costing systems.

Learning Outcomes: On successful completion of this module, students should be able to:
· Undertake Cost-Volume-Profit (CVP) analysis and interpret the results.
· Establish relevant cash flows for decision making and apply these principles in a variety of contexts including pricing, project choice and make or buy decisions.
· Apply appropriate principles to decisions made subject to constraints.
· Prepare budgets for a variety of enterprises types.
· Calculate cost and sales variances and interpret the resulting figures.
· Apply a range of product costing mechanisms.
· Discuss the characteristics of traditional and modern approaches to costing.

Assessment: Total Marks 200: End of Year Written Examination 160 marks; Continuous Assessment 40 marks (Interim written examination 40 marks).

Compulsory Elements: End of Year Written Examination; Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Work which is submitted late shall be assigned a mark of zero (or a Fail Judgement in the case of Pass/Fail modules).

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: 1 x 3 hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 3 hr(s) paper(s) to be taken in Autumn. Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 10

Teaching Period(s): Teaching Periods 1 and 2.

No. of Students:

Pre-requisite(s): None

Co-requisite(s): None

Teaching Methods: 48 Lectures; Other (Up to 10hrs Tutorials).

Module Co-ordinator: Mr David Humphreys, Department of Accounting, Finance and Information Systems.

Lecturer(s): Dr Peter Cleary, Department of Accounting, Finance and Information Systems.

Module Objective: To introduce participants to the fundamental principles of Management Accounting.

Module Content: Introduction to the objectives and scope of management accounting. Evaluation methods to aid management accounting. Evaluation methods to aid management decisions. Planning and control. Responsibility accounting and an introduction to performance evaluation and behavioural issues. Collection, recording, apportionment and absorption of costs. Principles of internal control.

Learning Outcomes: On successful completion of this module, students should be able to:
· Undertake Cost-Volume-Profit (CVP) analysis and interpret the results.
· Establish relevant cash flows for decision making and apply these principles in a variety of contexts including pricing, project choice and make or buy decisions.
· Apply appropriate principles to decisions made subject to constraints.
· Prepare budgets for a variety of enterprises types.
· Calculate cost and sales variances and interpret the resulting figures.
· Apply a range of product costing mechanisms.
· Discuss the characteristics of traditional and modern approaches to costing.

Assessment: Total Marks 200: End of Year Written Examination 160 marks; Continuous Assessment 40 marks (Interim examination 40 marks).

Compulsory Elements: End of Year Written Examination; Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Work which is submitted late shall be assigned a mark of zero (or a Fail Judgement in the case of Pass/Fail modules).

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: 1 x 3 hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 3 hr(s) paper(s) to be taken in Autumn. Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 10

Teaching Period(s): Teaching Period 2.

No. of Students:

Pre-requisite(s): None

Co-requisite(s): None

Teaching Methods: Other (Tutorial (Distance Education Module)).

Module Co-ordinator: Dr Peter Cleary, Department of Accounting, Finance and Information Systems.

Lecturer(s): Staff, Department of Accounting, Finance and Information Systems.

Module Objective: To examine the management uses of accounting information and to enhance their ability to exert effective managerial control.

Module Content: The accounting information needs of management, boards of directors and members; basic financial statement analysis; cash flow analysis; ratio analysis; kinds of costs; costs and pricing; estimating costs; the identification of key performance indicators; budgeting and variance analysis; and implications for strategic planning and control.

Learning Outcomes: On successful completion of this module, students should be able to:
· Describe the qualitative characteristics of both financial and management accounting information;
· Use the trial balance to prepare the Trading, Profit & Loss Account and Balance Sheet of an entity;
· Demonstrate the required accounting treatment for various issues;
· Interpret financial statements so as to assess the performance and financial position of a business;
· Perform costing, cash budgeting and capital expenditure calculations and to interpret the results;
· Explain the importance of using both financial and non-financial performance indicators.

Assessment: Total Marks 200: End of Year Written Examination 120 marks; Continuous Assessment 80 marks (Assignment 80 marks).

Compulsory Elements: End of Year Written Examination; Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Work which is submitted late shall be assigned a mark of zero (or a Fail Judgement in the case of Pass/Fail modules).

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: 1 x 3 hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 3 hr(s) paper(s) to be taken in Autumn. Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 20

Teaching Period(s): Teaching Periods 1 and 2 and Teaching/Research Period 3. (Students are separated into two groups for internship; Group 1 is placed in July - December, Group 2 is placed January - June. The research report is to be submitted during the period of internship).

No. of Students: Max 38 (per group).

Pre-requisite(s): None

Co-requisite(s): None

Teaching Methods: Placements (Six months placement in industry. One mentoring site visit per placement).

Module Co-ordinator: Mr Derry Cotter, Department of Accounting, Finance and Information Systems.

Lecturer(s): Mr Derry Cotter, Department of Accounting, Finance and Information Systems.

Module Objective: To complement classroom teaching with exposure to institutional work processes in financial services and other relevant organisations

Module Content: Following the Second Year Summer Examination, Group One students will go on placement, commencing July, for 6 months; Group Two students will go on placement, commencing January, in Year Three for 6 months. The work programme will be jointly monitored by a UCC academic mentor and a business mentor in the external organisation. Students will be expected to keep and submit a weekly log book for examination by the academic mentor. Any students not so placed will be given an equivalent assignment by a UCC Accounting & Finance staff member and will submit a research report thereon. Any student who commences placement in Group One and subsequently fails at the Year Two Autumn Supplemental Examination must withdraw from the placement and re-register and complete Year Two. If Year Two is subsequently passed, either in a first or second repeat year, the student will not then enter a second period of placement but will undertake a substantial assignment in the second teaching period of Year Three, as directed by the Head of Department/ Module Co-ordinator

Learning Outcomes: On successful completion of this module, students should be able to:
· Practise the application of business skills
· Transfer learning skills from the academic environment to the workforce
· Develop interpersonal skills by working as part of a team
· Undertake work assignments in accordance with the business mentor's guidelines and completion deadlines
· Establish rapport with work colleagues so as to enhance future career prospects.

Assessment: Placement Report.

Compulsory Elements: Submission of placement report and a presentation thereon.

Penalties (for late submission of Course/Project Work etc.): Work which is submitted late shall be assigned a mark of zero (or a Fail Judgement in the case of Pass/Fail modules).

Pass Standard and any Special Requirements for Passing Module: A Pass/ Fail judgement.

End of Year Written Examination Profile: No End of Year Written Examination.

Requirements for Supplemental Examination: No Supplemental Examination.

Credit Weighting: 10

Teaching Period(s): Teaching Periods 1 or 2. (Group 1 will take this module in Period 2 and Group 2 will take this module in Period 1).

No. of Students:

Pre-requisite(s): AC 2111 or equivalents

Co-requisite(s): None

Teaching Methods: 48 x 1hr(s) Lectures; Practicals (Up to 10 hrs).

Module Co-ordinator: Mr Derry Cotter, Department of Accounting, Finance and Information Systems.

Lecturer(s): Ms Sandra Brosnan, Department of Accounting, Finance and Information Systems; Mr Eamon Fagan, Department of Accounting, Finance and Information Systems.

Module Objective: To develop participants' understanding of the theory and practice of Accounting

Module Content: Theory and practice of Financial Reporting

Learning Outcomes: On successful completion of this module, students should be able to:
· Apply various international accounting standards to account for business transactions and compare with Irish/UK equivalent.
· Use journal entries to record all business transactions for a period.
· Discuss and review various contemporary aspects on the theory and practice of corporate financial reporting.

Assessment: Total Marks 200: Continuous Assessment 200 marks (Interim Written Exam (1 x 50 marks); and End of Term Written exam (1 x 150 marks)).

Compulsory Elements: Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Work which is submitted late shall be assigned a mark of zero (or a Fail Judgement in the case of Pass/Fail modules).

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: No End of Year Written Examination.

Requirements for Supplemental Examination: Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 10

Teaching Period(s): Teaching Periods 1 or 2. (Group One will take this module in Period 2 and Group Two will take this module in Period 1).

No. of Students:

Pre-requisite(s): AC 1112 or equivalent

Co-requisite(s): None

Teaching Methods: 48 x 1hr(s) Lectures; Practicals (Up to 10 hrs).

Module Co-ordinator: Mr Derry Cotter, Department of Accounting, Finance and Information Systems.

Lecturer(s): Dr Margaret Healy, Department of Accounting, Finance and Information Systems; Dr Peter Cleary, Department of Accounting, Finance and Information Systems.

Module Objective: To develop participants' understanding of the theory and practice of Management Accounting.

Module Content: Theory and practice of Management Accounting

Learning Outcomes: On successful completion of this module, students should be able to:
· Apply a range of management accounting decison making techniques
· Identify alternative strategies for resolving problems.
· Communicate and defend chosen strategies in an effective manner.
· Use strategic decision making models to reduce uncertainty.
· Discuss the characteristics of traditional and newer approaches to costing.
· Demonstrate the relevance of management accounting techniques to business decisions.

Assessment: Total Marks 200: Continuous Assessment 200 marks (Projects (maximum 2,000 words each) (2 x 50 marks); and End of Term Written exam (1 x 100 marks)).

Compulsory Elements: Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Work which is submitted late shall be assigned a mark of zero (or a Fail Judgement in the case of Pass/Fail modules).

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: No End of Year Written Examination.

Requirements for Supplemental Examination: Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 5

Teaching Period(s): Teaching Periods 1 and 2.

No. of Students: Min 10, Max 100.

Pre-requisite(s): None

Co-requisite(s): None

Teaching Methods: 24 x 1hr(s) Lectures.

Module Co-ordinator: Mr Derry Cotter, Department of Accounting, Finance and Information Systems.

Lecturer(s): Ms Fiona O'Brien, Department of Accounting, Finance and Information Systems.

Module Objective: To introduce students to the core principles of Auditing.

Module Content: Theory and practice of internal and stockholder auditing.

Learning Outcomes: On successful completion of this module, students should be able to:
· Outline the purpose and role of Auditing.
· Describe the various stages of the Audit Process Model.
· Assess the importance of risk for an auditor.
· Discuss the importance of internal controls to the auditor.
· Identify behaviours which constitute unprofessional practice in the auditor - client relationship.
· Conduct and document audit work for a number of key business cycles.

Assessment: Total Marks 100: Continuous Assessment 100 marks (Project 50 marks; End of Term Assessment 50 marks).

Compulsory Elements: Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Work which is submitted late shall be assigned a mark of zero (or a Fail Judgement in the case of Pass/Fail modules).

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: No End of Year Written Examination.

Requirements for Supplemental Examination: Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 5

Teaching Period(s): Teaching Periods 1 and 2. (Group One will take this module in Period 2, Group Two will take this module in Period 1).

No. of Students:

Pre-requisite(s): AC2120 or equivalent

Co-requisite(s): None

Teaching Methods: 24 x 1hr(s) Lectures; Other (Up to 10hrs Tutorials).

Module Co-ordinator: Mr Mark Mulcahy, Department of Accounting, Finance and Information Systems.

Lecturer(s): Mr Steve O'Callaghan, Department of Accounting, Finance and Information Systems.

Module Objective: To further study financial management principles and practices.

Module Content: Capital structure and dividend policy, financing alternatives.

Learning Outcomes: On successful completion of this module, students should be able to:
· Discuss the securities and participants that make up the fixed income markets;
· Apply techniques to price fixed income securities and manage fixed income portfolios;
· Discuss the FX markets and the relationships that underly FX movements;
· Outline the FX risks faced by firms and demonstrate the use of techniques to mitigate these risks;
· Outline and discuss different forms of mergers, acquisitions and demergers.
· Demonstrate the use of a range of valuation techniques in acquisition scenarios.

Assessment: Total Marks 100: Continuous Assessment 100 marks (In-class Test 70 marks; Project 30 marks).

Compulsory Elements: Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Work which is submitted late shall be assigned a mark of zero (or a Fail Judgement in the case of Pass/Fail modules).

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: No End of Year Written Examination.

Requirements for Supplemental Examination: 1 x 1.5hr written paper in lieu of continuous assessment to be taken in the autumn.

Credit Weighting: 5

Teaching Period(s): Teaching Periods 1 or 2. (Group One will take this module in Period 2, Group Two will take this module in Period 1).

No. of Students:

Pre-requisite(s): AC2121 or equivalent

Co-requisite(s): None

Teaching Methods: 24 Lectures; Other (Up to 10 hrs Tutorials).

Module Co-ordinator: Mr Derry Cotter, Department of Accounting, Finance and Information Systems.

Lecturer(s): Mr David Humphreys, Department of Accounting, Finance and Information Systems; Ms Fiona O'Brien, Department of Accounting, Finance and Information Systems.

Module Objective: To apply theory of Financial Management Principles and Practices to an analysis of actual financial decisions of firms.

Module Content: Case Study analyses of Investment, Financing and Dividend Policies of Firms.

Learning Outcomes: On successful completion of this module, students should be able to:
· Interpret information provided in case study format
· Apply corporate scenarios principles to real life scenarios
· Identify alternative strategies for resolving problems
· Make an informed choice between competing strategies
· Communicate and defend chosen strategies in an effective manner.

Assessment: Total Marks 100: Continuous Assessment 100 marks (4 - 6 Case Studies).

Compulsory Elements: Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Work which is submitted late shall be assigned a mark of zero (or a Fail Judgement in the case of Pass/Fail modules).

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: No End of Year Written Examination.

Requirements for Supplemental Examination: Resubmission of revised Continuous Assessment, as prescribed by the Department.

Credit Weighting: 5

Teaching Period(s): Teaching Periods 1 or 2. (Students are separated into two groups to facilitate work placement and one group is taught in each period).

No. of Students:

Pre-requisite(s): None

Co-requisite(s): None

Teaching Methods: 24 Lectures; Other (Up to 5 hrs Tutorials).

Module Co-ordinator: Mr Mark Mulcahy, Department of Accounting, Finance and Information Systems.

Lecturer(s): Mr John Doran, Department of Accounting, Finance and Information Systems.

Module Objective: To introduce students to issues underlying the internal and external controls on financial organisations.

Module Content: Practical issues in regulation and governance of corporate entities; comparative governance structures; internal systems of monitoring and control in financial decision-making.

Learning Outcomes: On successful completion of this module, students should be able to:
· Outline the objectives of internal control systems.
· Evaluate the risk profiles of different business situations.
· Identify appropriate internal controls for a given risk environment including the specific problems of banks and other financial institutions.
· Recognise the trade-offs between risk management and cost and the need to embed internal control in organisational processes.
· Outline the role of internal and external audit in corporate governance.
· Appreciate the value of ethical conduct to business and society.
· Identify and gather relevant information from national and international regulators using resources available on the world wide web to navigate the regulatory maze.
· Critically assess current arguments regarding external regulation in relation to both objectives and their means of achievement.

Assessment: Total Marks 100: Continuous Assessment 100 marks (Coursework 45 marks; Project 55 marks).

Compulsory Elements: Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Work which is submitted late shall be assigned a mark of zero (or a Fail Judgement in the case of Pass/Fail modules).

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: No End of Year Written Examination.

Requirements for Supplemental Examination: 1 x 1½ hr(s) paper(s) (in lieu of the project) to be taken in Autumn.

Credit Weighting: 5

Teaching Period(s): Teaching Periods 1 or 2. (Group One will take this module in Period 2, Group Two will take this module in Period 1).

No. of Students:

Pre-requisite(s): AC 2120 or equivalent

Co-requisite(s): None

Teaching Methods: 24 x 1hr(s) Lectures.

Module Co-ordinator: Mr Mark Mulcahy, Department of Accounting, Finance and Information Systems.

Lecturer(s): Ms Maeve McCutcheon, Department of Accounting, Finance and Information Systems; Ms Celine McInerney, Department of Accounting, Finance and Information Systems.

Module Objective: To apply theory of Business Finance Principles and Practices.

Module Content: Case Study analyses of Investment, Financing and Dividend Policies of Firms.

Learning Outcomes: On successful completion of this module, students should be able to:
· Identify strategies for identifying solutions to corporate finance issues.
· Apply corporate finance principles to real life scenarios.
· Analyse information provided in case study format.
· Choose between competing solutions.
· Communicate chosen solutions in an appropriate manner.

Assessment: Total Marks 100: Continuous Assessment 100 marks (4 - 6 Case Studies).

Compulsory Elements: Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Work which is submitted late shall be assigned a mark of zero (or a Fail Judgement in the case of Pass/Fail modules).

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: No End of Year Written Examination.

Requirements for Supplemental Examination: Resubmission of revised Continuous Assessment, as prescribed by Department.

Credit Weighting: 5

Teaching Period(s): Teaching Period 1.

No. of Students:

Pre-requisite(s): None

Co-requisite(s): None

Teaching Methods: 24 Lectures; 5 x 1hr(s) Tutorials (up to).

Module Co-ordinator: Dr Margaret Healy, Department of Accounting, Finance and Information Systems.

Lecturer(s): Staff, Department of Accounting, Finance and Information Systems.

Module Objective: To provide participants with an introduction to Management Accounting.

Module Content: Introduction to the theory and practice of accounting information for decision-making, and for planning and control in organisations.

Learning Outcomes: On successful completion of this module, students should be able to:
· Discuss the differences between management accounting and financial accounting and their implications;
· Demonstrate the knowledge of basic cost concepts, cost analysis and costing approaches;
· Apply the cost concepts, cost analysis and costing approaches in a manufacturing context for reporting and decision making purposes;
· Discuss the role and apply the techniques of planning, control, performance measurement and strategic management accounting in business organisations.

Assessment: Total Marks 100: End of Year Written Examination 80 marks; Continuous Assessment 20 marks (Interim examination 20 marks).

Compulsory Elements: End of Year Written Examination; Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Work which is submitted late shall be assigned a mark of zero (or a Fail Judgement in the case of Pass/Fail modules).

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: 1 x 1½ hr(s) paper(s) to be taken in Spring.

Requirements for Supplemental Examination: 1 x 1½ hr(s) paper(s) to be taken in Autumn. Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 10

Teaching Period(s): Teaching Periods 1 and 2.

No. of Students:

Pre-requisite(s): None

Co-requisite(s): None

Teaching Methods: 48 x 1hr(s) Lectures; Other (Up to 10hrs Tutorials/Practicals).

Module Co-ordinator: Mr David Humphreys, Department of Accounting, Finance and Information Systems.

Lecturer(s): Mr Joe Healy, Department of Accounting, Finance and Information Systems.

Module Objective: To give an overview of the principles of Corporate Finance.

Module Content: The concept of shareholder value; capital budgeting; portfolio theory; asset pricing; market efficiency; derivatives, option pricing.

Learning Outcomes: On successful completion of this module, students should be able to:
· Apply the main quantitative techniques for investment appraisal.
· Critique the use of theoretical techniques in 'real world' applications.
· Use the Capital Asset Pricing Model for investment decisions.
· Review the use of options contracts for hedging and speculation.
· Apply and critique models used in the equity valuation process.
· Discuss the implications of the Efficient Market Hypothesis.

Assessment: Total Marks 200: End of Year Written Examination 160 marks; Continuous Assessment 40 marks (Interim written examination 40 marks).

Compulsory Elements: End of Year Written Examination; Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Work which is submitted late shall be assigned a mark of zero (or a Fail Judgement in the case of Pass/Fail modules).

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: 1 x 3 hr(s) paper(s) to be taken in Spring.

Requirements for Supplemental Examination: 1 x 3 hr(s) paper(s) to be taken in Autumn. Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 5

Teaching Period(s): Teaching Period 1.

No. of Students:

Pre-requisite(s): AC2701

Co-requisite(s): EC3701

Teaching Methods: Other (Distance Education Module; Assignment and Workshop).

Module Co-ordinator: Mr Mark Mulcahy, Department of Accounting, Finance and Information Systems.

Lecturer(s): Staff, Department of Accounting, Finance and Information Systems.

Module Objective: To provide a grounding in the principles of financial analysis.

Module Content: Capital investment appraisal. Types and risks of investments. Sources and types of capital, Cost of Capital. Capital Structure.

Learning Outcomes: On successful completion of this module, students should be able to:
· Discuss the main principles of financial analysis with particular reference to Credit Unions.
· Explain the main features of investments.
· Outline the techniques for appraising investment opportunities.
· Critically evaluate the nature and types of investment risk.
· Assess the different sources and types of capital.
· Evaluate the cost of capital and approximate mix of financing for firms.

Assessment: Total Marks 100: End of Year Written Examination 60 marks; Continuous Assessment 40 marks (Assignment and Workshop).

Compulsory Elements: End of Year Written Examination; Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Work which is submitted late shall be assigned a mark of zero (or a Fail Judgement in the case of Pass/Fail modules).

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: 1 x 1½ hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 1½ hr(s) paper(s) to be taken in Autumn. Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 5

Teaching Period(s): Teaching Periods 1 and 2.

No. of Students: Min 10, Max 100.

Pre-requisite(s): AC 2111 and AC 3006 or equivalents

Co-requisite(s): None

Teaching Methods: 24 x 1hr(s) Lectures; Tutorials (Up to 8 hours).

Module Co-ordinator: Dr Peter Cleary, Department of Accounting, Finance and Information Systems.

Lecturer(s): Mr Derry Cotter, Department of Accounting, Finance and Information Systems.

Module Objective: To further develop participants' understanding of the theory and practice of Financial Reporting.

Module Content: Advanced aspects of the regulatory contexts of accounting practice. Theory and practice of corporate financial reporting.

Learning Outcomes: On successful completion of this module, students should be able to:
· Apply select international accounting standards to account for business transactions.
· Use journal entries to record all business transactions for a period.
· Critically discuss advanced aspects of the regulatory contexts of accounting practice.
· Discuss and review various contemporary aspects of the theory and practice of corporate financial reporting.

Assessment: Total Marks 100: End of Year Written Examination 80 marks; Continuous Assessment 20 marks (interim written examination 20 marks).

Compulsory Elements: End of Year Written Examination; Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Work which is submitted late shall be assigned a mark of zero (or a Fail Judgement in the case of Pass/Fail modules).

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: 1 x 1½ hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 1½ hr(s) paper(s) to be taken in Autumn. Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 5

Teaching Period(s): Teaching Periods 1 and 2.

No. of Students: Min 10, Max 100.

Pre-requisite(s): AC 1112 and AC 3007 or equivalents

Co-requisite(s): None

Teaching Methods: 24 x 1hr(s) Lectures.

Module Co-ordinator: Dr Peter Cleary, Department of Accounting, Finance and Information Systems.

Lecturer(s): Dr Peter Cleary, Department of Accounting, Finance and Information Systems.

Module Objective: To further develop participants' understanding of the theory and practice of Management Accounting.

Module Content: Advanced aspects of the theory and practice of Management Accounting

Learning Outcomes: On successful completion of this module, students should be able to:
· Evaluate the strategic implications arising from the implementation of a learning curve
· Appreciate the strategic improtance of identifying and managing constraints in a variety of contexts
· Conduct advanced variance analysis and interpret the resulting figures
· Apply both job and process costing mechanisms.
· Critique modern incentive and compensation systems.

Assessment: Total Marks 100: End of Year Written Examination 80 marks; Continuous Assessment 20 marks (Project 20 marks).

Compulsory Elements: End of Year Written Examination; Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Work which is submitted late shall be assigned a mark of zero (or a Fail Judgement in the case of Pass/Fail modules).

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: 1 x 1½ hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 1½ hr(s) paper(s) to be taken in Autumn. Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 10

Teaching Period(s): Teaching Periods 1 and 2.

No. of Students: Min 10, Max 200.

Pre-requisite(s): AC 2111 or equivalent, AC 3020 or equivalent

Co-requisite(s): None

Teaching Methods: 48 x 1hr(s) Lectures.

Module Co-ordinator: Dr Peter Cleary, Department of Accounting, Finance and Information Systems.

Lecturer(s): Mr Mark Mulcahy, Department of Accounting, Finance and Information Systems.

Module Objective: To provide students with the conceptual background and practical skills for financial statement analysis.

Module Content: A rigorous overview of financial statement analysis, utilising case studies and published academic research. In addition, students will be required to undertake a significant element of practical project work.

Learning Outcomes: On successful completion of this module, students should be able to:
· Critique a firm's corporate strategy.

· Describe the accounting methods firms use to misrepresent the information contained in their financial statements and explain how these misrepresentations affect the long-term firm performance.
· Calculate financial ratios and explain how financial ratios are useful for valuation and predicting credit and corporate distress.
· Perform a prospective analysis of a company for a specific forecast period.
· Estimate the value of a corporation and its shares using cash flow, accounting-based and relative valuation techniques.
· Discuss the role of the investment analyst in the valuation process and critique any valuation methodology.
· Describe the difficulties of perfomring/ comparing valuations in an international context.

Assessment: Total Marks 200: End of Year Written Examination 140 marks; Continuous Assessment 60 marks (Project 60 marks).

Compulsory Elements: End of Year Written Examination; Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Work which is submitted late shall be assigned a mark of zero (or a Fail Judgement in the case of Pass/Fail modules).

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: 1 x 3 hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 3 hr(s) paper(s) to be taken in Autumn. Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 10

Teaching Period(s): Teaching Periods 1 and 2.

No. of Students: Min 10, Max 200.

Pre-requisite(s): AC 2115

Co-requisite(s): -

Teaching Methods: 48 x 1hr(s) Lectures; Tutorials (Up to 10).

Module Co-ordinator: Mr Derry Cotter, Department of Accounting, Finance and Information Systems.

Lecturer(s): Mr Frank Collins, Department of Accounting, Finance and Information Systems.

Module Objective: To provide participants with further knowledge in relation to the theory and practice of taxation.

Module Content: Theories of taxation. Principles and rationales for income, value-added and capital-gains taxes. Structure, administration and practice of taxation and taxation systems.

Learning Outcomes: On successful completion of this module, students should be able to:
· Outline the general scheme of Irish Taxation
· Describe and apply the rules on territoriality in Irish Tax
· Calculate the Income tax liabilities of individuals and partnerships
· Perform Capital Gains Tax calculations
· Calculate the tax liabilities of Corporations
· Identify tax planning opportunities
· Describe the operation of Value Added Tax and Capital Acquistions Tax.

Assessment: Total Marks 200: End of Year Written Examination 160 marks; Continuous Assessment 40 marks (Interim examination 40 marks).

Compulsory Elements: End of Year Written Examination; Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): None.

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: 1 x 3 hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 3 hr(s) paper(s) to be taken in Autumn. Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 10

Teaching Period(s): Teaching Periods 1 and 2.

No. of Students:

Pre-requisite(s): AC1112 or equivalent

Co-requisite(s): None

Teaching Methods: 48 Lectures.

Module Co-ordinator: Dr Margaret Healy, Department of Accounting, Finance and Information Systems.

Lecturer(s): Dr Tong Yu Cao, Department of Accounting, Finance and Information Systems.

Module Objective: To discuss issues in the design of accounting systems for advanced manufacturing and service settings.

Module Content: Design of managerial accounting systems in functional, divisional, matrix form and virtual organisation. Advanced treatment of the inter-relations of accounting with organisational structures, strategies and managerial control. Accounting for performance in innovative organisations. Capital investment practices and asset system analysis.

Learning Outcomes: On successful completion of this module, students should be able to:
· Discuss the qualitative characteristics of management information;
· Prepare and present management accounting information for a number of decision-making contexts;
· Demonstrate the relevance of management accounting techniques to business decisions;
· Discuss the characteristics of traditional and newer approaches to costing;
· Describe forces of change in Management Accounting practice;
· Apply and interpret calculative routines for budgeting, cost-volume-profit analysis, performance measurement, investment appraisal and variance analysis in organisations.

Assessment: Total Marks 200: End of Year Written Examination 140 marks; Continuous Assessment 60 marks (Project).

Compulsory Elements: End of Year Written Examination; Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Work which is submitted late shall be assigned a mark of zero (or a Fail Judgement in the case of Pass/Fail modules).

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: 1 x 3 hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 3 hr(s) paper(s) to be taken in Autumn. Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 5

Teaching Period(s): Teaching Period 1.

No. of Students:

Pre-requisite(s): None

Co-requisite(s): None

Teaching Methods: 24 x 1hr(s) Lectures.

Module Co-ordinator: Mr Mark Mulcahy, Department of Accounting, Finance and Information Systems.

Lecturer(s): Mr David Humphreys, Department of Accounting, Finance and Information Systems.

Module Objective: Exploration of pertinent issues in investments

Module Content: Derivative Securities; Valuation models for Options and Futures; The use of derivative assets as investment vehicles; Portfolio Insurance.

Learning Outcomes: On successful completion of this module, students should be able to:
· Identify regulatory issues in financial markets.
· Review the use of futures contracts for hedging and speculation.
· Evaluate various option pricing models.
· Identify and critique the role of hedge funds in modern financial markets.
· Review the level of interdependency between equity markets and derivative markets.

Assessment: Total Marks 100: End of Year Written Examination 70 marks; Continuous Assessment 30 marks (Coursework 30 marks).

Compulsory Elements: End of Year Written Examination; Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Work which is submitted late shall be assigned a mark of zero (or a Fail Judgement in the case of Pass/Fail modules).

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: 1 x 1½ hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 1½ hr(s) paper(s) to be taken in Autumn. Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 5

Teaching Period(s): Teaching Period 2.

No. of Students:

Pre-requisite(s): None

Co-requisite(s): None

Teaching Methods: 24 x 1hr(s) Lectures.

Module Co-ordinator: Mr Mark Mulcahy, Department of Accounting, Finance and Information Systems.

Lecturer(s): Dr Raymond Donnelly, Department of Accounting, Finance and Information Systems.

Module Objective: Exploration of pertinent issues in investments

Module Content: Current issues pertaining to Asset Pricing; Market Efficiency; Share Price Behaviour; Behavioural finance.

Learning Outcomes: On successful completion of this module, students should be able to:
· Analyse and interpret the results of empirical asset pricing tests
· Explain the limitations of asset pricing tests
· Synthesise and evaluate selected parts of the empirical accounting and finance literature.
· Explicate and justify a paradigm shift toward behavioural finance as well as the alternative of maintaining the current rational expectations paradigm
· Make considered and defensible judgements as to whether a security or class of securities is correctly priced or not.
· Determine investment objectives for a client and explicate how an appropriate portfolio could be constructed.

Assessment: Total Marks 100: End of Year Written Examination 100 marks.

Compulsory Elements: End of Year Written Examination.

Penalties (for late submission of Course/Project Work etc.): None.

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: 1 x 1½ hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 1½ hr(s) paper(s) to be taken in Autumn.

Credit Weighting: 10

Teaching Period(s): Teaching Periods 1 and 2.

No. of Students:

Pre-requisite(s): None

Co-requisite(s): None

Teaching Methods: 48 Lectures; Other (Up to 10hrs Tutorials).

Module Co-ordinator: Mr David Humphreys, Department of Accounting, Finance and Information Systems.

Lecturer(s): Ms Claire O'Sullivan Rochford, Department of Accounting, Finance and Information Systems; Ms Sandra Brosnan, Department of Accounting, Finance and Information Systems.

Module Objective: Further coverage of Corporate Financial Reporting.

Module Content: Development of issues and income measurement, asset valuation, recognition of liabilities and the presentation of financial information. Introduction to the regulatory framework of corporate financial reporting. The theory, nature and effect of accounting standards.

Learning Outcomes: On successful completion of this module, students should be able to:
· Explain and apply various International Financial Accounting Standards to business transactions;
· Compare and contrast the requirements of International Financial Accounting Standards with the Irish/UK equivalent;
· Critically analyse the requirements of the regulatory framework for the recognition of assets, liabilities, income measurement and presentation of financial statements;
· Identify and interpret various complex business combinations;
· Prepare a set of group financial statements for consolidation purposes;
· Discuss and review various contemporary accounting issues.

Assessment: Total Marks 200: End of Year Written Examination 200 marks.

Compulsory Elements: End of Year Written Examination.

Penalties (for late submission of Course/Project Work etc.): None.

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: 1 x 3 hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 3 hr(s) paper(s) to be taken in Autumn.

Credit Weighting: 10

Teaching Period(s): Teaching Periods 1 and 2.

No. of Students:

Pre-requisite(s): AC3300

Co-requisite(s): None

Teaching Methods: 48 Lectures.

Module Co-ordinator: Mr Mark Mulcahy, Department of Accounting, Finance and Information Systems.

Lecturer(s): Ms Maeve McCutcheon, Department of Accounting, Finance and Information Systems; Dr Mark Hutchinson, Department of Accounting, Finance and Information Systems.

Module Objective: To develop the theory and practice of Corporate Finance.

Module Content: The principles of finance; theories of capital structure and dividend decisions; the determinants of firm value; the choice of financing mechanism; the theory of take-overs and mergers; international financial management and working capital management.

Learning Outcomes: On successful completion of this module, students should be able to:
· Discuss why a firm's choice of capital structure matters
· Apply WACC and APV approaches in project finance and discuss their limitations
· Describe how companies raise finance and discuss the problems they encounter in so doing.
· Explain the importance of working capital management
· Outline the dividend payout decision and the alternatives to dividends
· Discuss the different forms of M&A and demonstrate the use of a range of valuation techniques in acquisition scenarios
· Explain how corporations use derivative instruments to hedge the financial risks they face
· Describe how corporations use fixed income securities to identify and hedge financial and portfolio risk.

Assessment: Total Marks 200: End of Year Written Examination 160 marks; Continuous Assessment 40 marks (Interim examination 40 marks).

Compulsory Elements: End of Year Written Examination; Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Work which is submitted late shall be assigned a mark of zero (or a Fail Judgement in the case of Pass/Fail modules).

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: 1 x 3 hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 3 hr(s) paper(s) to be taken in Autumn. Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 5

Teaching Period(s): Teaching Period 1.

No. of Students:

Pre-requisite(s): AC3020 or equivalent

Co-requisite(s): None

Teaching Methods: 24 x 1hr(s) Lectures; 10 x 1hr(s) Tutorials.

Module Co-ordinator: Mr Mark Mulcahy, Department of Accounting, Finance and Information Systems.

Lecturer(s): Ms Maeve McCutcheon, Department of Accounting, Finance and Information Systems.

Module Objective: The objective of this module is revisit business finance principles within the context of financing and for growth and re-organisation.

Module Content: Agency issues asymmetric information and moral hazard; The providers of venture capital; Financial contracting in start-up companies; Public sector involvement in the provision of venture capital; Rates of return on venture capital investment; Unwinding venture capital investment - the initial public offering; Networks and reputation in venture capital provision.

Learning Outcomes: On successful completion of this module, students should be able to:
· Identify the key characteristics of new venture financing
· Recognise the financial principles behind the development of the venture capital market
· Develop a business plan for a new venture
· Explain the strategies adopted by funds investing in start-up companies in relation to deal search due diligence investment management and exits
· Compare and contrast the strategies adopted by Angel Investors, Venture Capital Funds and Corporate Venture Capital
· Summarise the key considerations for investors when choosing an investment vehicle to invest in start-up companies
· Evaluate the approach adopted in Ireland towards the development of entrepreneurial activity.

Assessment: Total Marks 100: End of Year Written Examination 60 marks; Continuous Assessment 40 marks (3 to 4 Case Studies).

Compulsory Elements: End of Year Written Examination; Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Work which is submitted late shall be assigned a mark of zero (or a Fail Judgement in the case of Pass/Fail modules).

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: 1 x 1½ hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 1½ hr(s) paper(s) to be taken in Autumn. Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 5

Teaching Period(s): Teaching Period 2.

No. of Students:

Pre-requisite(s): None

Co-requisite(s):

Teaching Methods: 24 x 1hr(s) Lectures; 10 x 1hr(s) Tutorials.

Module Co-ordinator: Mr Mark Mulcahy, Department of Accounting, Finance and Information Systems.

Lecturer(s): Dr Mark Hutchinson, Department of Accounting, Finance and Information Systems.

Module Objective: The objective of this module is to further examine derivatives encountered in practice and provide a theoretical framework for their pricing and implementation.

Module Content: Option Pricing, Volatility, Hedging and Trading, Interest Rate Derivative Pricing, Credit Derivatives, Weather Derivatives

Learning Outcomes: On successful completion of this module, students should be able to:
· Derive and apply the binomial option pricing model to price derivatives
· Derive and use the Black Scholes option pricing model to price derivatives
· Demonstrate the importance of volatility term structure and smile when pricing derivatives
· Estimate the "Greeks" for derivatives
· Make informed hedging decisions
· Outline the usefulness of credit, weather and others in derivatives markets.

Assessment: Total Marks 100: End of Year Written Examination 80 marks; Continuous Assessment 20 marks (Group Project 20 marks).

Compulsory Elements: End of Year Written Examination; Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Work which is submitted late shall be assigned a mark of zero (or a Fail Judgement in the case of Pass/Fail modules).

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: 1 x 1½ hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 1½ hr(s) paper(s) to be taken in Autumn. Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 5

Teaching Period(s): Teaching Periods 1 and 2.

No. of Students: Min 10, Max 100.

Pre-requisite(s): AC 2200 or equivalent

Co-requisite(s):

Teaching Methods: 24 x 1hr(s) Lectures; Tutorials (Up to 10 hrs).

Module Co-ordinator: Dr Margaret Healy, Department of Accounting, Finance and Information Systems.

Lecturer(s): Dr Margaret Healy, Department of Accounting, Finance and Information Systems.

Module Objective: To apply the theory of management accounting principles and practices to the analysis of actual decisions in firms.

Module Content: Analyses of cost management; business planning and performance appraisal; and strategy implementation decisions in firms.

Learning Outcomes: On successful completion of this module, students should be able to:
· Demonstrate the relevance of management accounting techniques to business decisions
· Demonstrate the relevance of the distinction between different types of costs
· Prepare and present management accounting information for a number of decision-making contexts
· Apply and interpret calculative routines for budgeting, cost-volume-profit analysis, and product and process costing
· Identify relevant cash flows for decision making and apply these in a variety of contexts.

Assessment: Total Marks 100: End of Year Written Examination 80 marks; Continuous Assessment 20 marks (Interim examination 20 marks).

Compulsory Elements: End of Year Written Examination; Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Work which is submitted late shall be assigned a mark of zero (or a Fail Judgement in the case of Pass/Fail modules).

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: 1 x 1½ hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 1½ hr(s) paper(s) to be taken in Autumn. Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 15

Teaching Period(s): Teaching Periods 1 and 2.

No. of Students: Min 30, Max 50.

Pre-requisite(s): None

Co-requisite(s): None

Teaching Methods: 72 Lectures; Other (Up to 20hrs Tutorials).

Module Co-ordinator: Mr Derry Cotter, Department of Accounting, Finance and Information Systems.

Lecturer(s): Staff, Department of Accounting, Finance and Information Systems.

Module Objective: To develop an understanding of contemporary financial reporting practice.

Module Content: Identification, classification and recording of accounting data; profit and other measurements; preparation of accounting reports. Development of issues of income measurement, asset valuation, recognition of liabilities and the presentation of financial information. Consideration of the regulatory framework of corporate financial reporting. The theory, nature and effects of accounting regulations on the published financial reports of corporations and other entities.

Learning Outcomes: On successful completion of this module, students should be able to:
· Apply double entry principles to account for business transactions.
· Use the nominal ledger to summarise all business transactions for a period.
· Extract a trial balance from the nomial ledger, thereby identifying all assets, liabilities, capital, income and expenses.
· Use the trial balance to prepare the Balance Sheet, Income Statement, and Cash Flow Statement of a business.
· Interpret the financial statements, so as to assess the performance and financial position of a business.
· Apply appropriate controls to ensure the accuracy of the financial records of a business, and the security of its assets.
· Apply the rules of the International Accounting Standards Board in accounting for certain business transactions.

Assessment: Total Marks 300: End of Year Written Examination 210 marks; Continuous Assessment 90 marks (In class examination 90 marks).

Compulsory Elements: End of Year Written Examination; Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Work which is submitted late shall be assigned a mark of zero (or a Fail Judgement in the case of Pass/Fail modules).

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: 1 x 3 hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 3 hr(s) paper(s) to be taken in Autumn. Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 15

Teaching Period(s): Teaching Period 1.

No. of Students:

Pre-requisite(s): None

Co-requisite(s): None

Teaching Methods: 72 Lectures; Other (Up to 20hrs Tutorials).

Module Co-ordinator: Ms Maeve McCutcheon, Department of Accounting, Finance and Information Systems.

Lecturer(s): Staff, Department of Accounting, Finance and Information Systems.

Module Objective: Introduction to theoretical foundations of corporate finance and management accounting with some applications.

Module Content: Objectives and scope of management accounting. The role of accounting in management decisions, planning and control. Valuation Theory; capital budgeting and decision making techniques; Risk and Valuation; Market Efficiency; Introduction to Securities.

Learning Outcomes: On successful completion of this module, students should be able to:
· Identify the qualitative characteristics of management accounting information;
· Utilise various approaches designed to allow firms to mitigate against the potential of risk and / or uncertainty;
· Demonstrate the relevance of management accounting information for specific business decisions;
· Apply and interpret calculative routines for budgeting, flexible budgeting, cost-volume-profit analysis, divisional performance measurement and variance analysis in organisations
· Apply a range of valuation techniques in the analysis of projects and equities;
· Identify and measure risks to investors and apply techniques to reduce these risks;
· Estimate required rates of return and make investment decisions using the Capital Asset Pricing Model;
· Demonstrate the use of financial options as hedging and investment tools.

Assessment: Total Marks 300: End of Year Written Examination 180 marks; Continuous Assessment 120 marks (Essay 30 marks and 2 interim examinations (one 30 marks and one 60 marks)).

Compulsory Elements: End of Year Written Examination; Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Work which is submitted late shall be assigned a mark of zero (or a Fail Judgement in the case of Pass/Fail modules).

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: 1 x 3 hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 3 hr(s) paper(s) to be taken in Autumn. Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 10

Teaching Period(s): Teaching Period 2.

No. of Students:

Pre-requisite(s): None

Co-requisite(s): None

Teaching Methods: 48 Lectures; Other (Up to 12hrs Tutorials).

Module Co-ordinator: Ms Maeve McCutcheon, Department of Accounting, Finance and Information Systems.

Lecturer(s): Staff, Department of Accounting, Finance and Information Systems.

Module Objective: Further study of management accounting and financial management principles and principles and practice.

Module Content: Collection, recording, appointment and absorption of costs. Capital Structure and Dividend Theory; Financing Alternatives.

Learning Outcomes: On successful completion of this module, students should be able to:
· Outline, discuss and apply various costing approaches in a manufacturing context, i.e. job-costing, activity based costing, absorption costing and variable costing;
· Discuss the theory of transfer pricing and target costing, demonstrate a knowledge of their applications and implications;
· Demonstrate a basic knowledge of stock management and control and its applications;
· Demonstrate a basic understanding of the theories of performance management, management control and governance;
· Outline and discuss theories explaining firms capital structure and demonstrate the estimation of a firm's cost of capital;
· Outline and discuss theories explaining firms payout policy;
· Apply financial analysis techniques to the balance sheet and profit and loss account and interpret the results of this analysis;
· Demonstrate a knowledge of corporate financing and outline how firms issue debt and equity capital.

Assessment: Total Marks 200: End of Year Written Examination 160 marks; Continuous Assessment 40 marks (interim examination 20 marks and project 20 marks).

Compulsory Elements: End of Year Written Examination; Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Work which is submitted late shall be assigned a mark of zero (or a Fail Judgement in the case of Pass/Fail modules).

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: 1 x 3 hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 3 hr(s) paper(s) to be taken in Autumn. Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 5

Teaching Period(s): Teaching Period 2.

No. of Students: Min 30, Max 50.

Pre-requisite(s): None

Co-requisite(s): None

Teaching Methods: 24 Lectures; Other (Up to 6hrs Tutorials).

Module Co-ordinator: Mr John Doran, Department of Accounting, Finance and Information Systems.

Lecturer(s): Staff, Department of Accounting, Finance and Information Systems.

Module Objective: Exploration of pertinent issues in Management Accounting

Module Content: Issues in the design of management accounting systems in organisations

Learning Outcomes: On successful completion of this module, students should be able to:
· Critically evaluate the tactical and strategic role of management accounting in modern manufacturing and service firms.
· Develop a set of performance measures in a variety of business contexts using the Balanced Scorecard framework.
· Appreciate the strategic importance of identifying and managing constraints in a variety of contexts.
· Utilise quantitative methods for optimal inventory management.
· Outline the objectives of internal control and risk management systems.
· Evaluate the risk profiles of different business situations.

Assessment: Total Marks 100: End of Year Written Examination 100 marks.

Compulsory Elements: End of Year Written Examination.

Penalties (for late submission of Course/Project Work etc.): None.

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: 1 x 1½ hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 1½ hr(s) paper(s) to be taken in Autumn.

Credit Weighting: 5

Teaching Period(s):

No. of Students: Max 20.

Pre-requisite(s): None

Co-requisite(s): None

Teaching Methods: 12 x 2hr(s) Lectures.

Module Co-ordinator: Ms Michelle Carr, Department of Accounting, Finance and Information Systems.

Lecturer(s): Staff, Department of Accounting, Finance and Information Systems.

Module Objective: To provide students with an appreciation of the nature and applications of accounting information systems in the Health Sector.

Module Content: Financial Accounting; Principles and Statements; Cash Flow; Accounting Information for Planning and Control; Budgeting; Cost Analysis; Performance Measurement Systems.

Learning Outcomes:

Assessment: Total Marks 100: End of Year Written Examination 60 marks; Continuous Assessment 40 marks (1 x 3,000 word Interim Project/Case Study).

Compulsory Elements: End of Year Written Examination; Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Work which is submitted late shall be assigned a mark of zero (or a Fail Judgement in the case of Pass/Fail modules).

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: 1 x 1½ hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 1½ hr(s) paper(s) to be taken in Autumn. The mark for Continuous Assessment is carried forward.

Credit Weighting: 5

Teaching Period(s): Teaching Period 1.

No. of Students: Min 12.

Pre-requisite(s):

Co-requisite(s):

Teaching Methods: 24 x 1hr(s) Lectures; Tutorials (Up to 8 hr(s)).

Module Co-ordinator: Ms Claire O'Sullivan Rochford, Department of Accounting, Finance and Information Systems.

Lecturer(s): Staff, Department of Accounting, Finance and Information Systems.

Module Objective: This course concentrates on developing the students' knowledge of accounting analysis towards more effective organisational decision making.

Module Content: Topics covered include: the regulatory environment, implementation, monitoring and evaluation of strategy in the firm, form and content of corporate financial statements, analysis and understanding of accounting information, advanced treatment of ratio analyses and internal controls and corporate governance and current issues in financial appraisal.

Learning Outcomes: On successful completion of this module, students should be able to:
· Identify the value of both financial and non financial information for users of accounts
· Extract relevant information form the annual reports
· Apply the fundamental analysis framework to analyse and report on the performance of companies
· Interpret and explain accounting information in a number of decision making contexts.
· Describe internal control and governance practices and apprise how these are applied in a number of presented contexts.
· Demonstrate the relevance of financial accounting techniques in decision making.

Assessment: Total Marks 100: Continuous Assessment 100 marks (1 x 1.5hr in class test).

Compulsory Elements: Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Where work is submitted up to and including 7 days late, 10% of the total marks available shall be deducted from the mark achieved. Where work is submitted up to and including 14 days late, 20% of the total marks available shall be deducted from the mark achieved. Work submitted 15 days late or more shall be assigned a mark of zero.

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: No End of Year Written Examination.

Requirements for Supplemental Examination: Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated (1 x 1.5hour written examination to be taken in the Autumn).

Credit Weighting: 10

Teaching Period(s): Teaching Periods 1 and 2.

No. of Students: Min 12.

Pre-requisite(s):

Co-requisite(s):

Teaching Methods: 48 x 1hr(s) Lectures; Tutorials (Up to 8 hr(s)).

Module Co-ordinator: Ms Claire O'Sullivan Rochford, Department of Accounting, Finance and Information Systems.

Lecturer(s): Staff, Department of Accounting, Finance and Information Systems.

Module Objective: The objective of this module is to provide students with a through understanding of management accounting concepts and techniques, together with key interpretive, critical and communication skills.

Module Content: Topics covered include: the analysis and illustration of fundamental cost concepts, customer and market profitability anlayses, product costing and cost driver analyses, cost management for products, processes and services and current issues in cost management.

Learning Outcomes: On successful completion of this module, students should be able to:
· Distinguish between financial accounting and management accounting information systems.
· Demonstrate the relevance of the distinction between differenent types of costs.
· Prepare and present management accounting information for a number of decision-making contexts.
· Discuss the characteristics of traditional and newer approaches to costing.
· Apply and interpret calculative routines for cost-volume-profit analysis; make-or-buy, special order, elimination of product line decisions; joint costs, process and job costing; transfer pricing; customer profitability analyses; marginal and abosrption costing.
· Identify constraint resources and ascertain course of action to manage such constraints towards maximising contribution per limiting factor.
· Describe forces of change in Management Accounting practice.
· Demonstrate the relevance of management accounting techniques to business decisions.

Assessment: Total Marks 200: End of Year Written Examination 140 marks; Continuous Assessment 60 marks (Interim examination: 30 marks and project: 30 marks).

Compulsory Elements: End of Year Written Examination; Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Where work is submitted up to and including 7 days late, 10% of the total marks available shall be deducted from the mark achieved. Where work is submitted up to and including 14 days late, 20% of the total marks available shall be deducted from the mark achieved. Work submitted 15 days late or more shall be assigned a mark of zero.

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: 1 x 3 hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 3 hr(s) paper(s) to be taken in Autumn. Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 10

Teaching Period(s): Teaching Periods 1 and 2.

No. of Students: Min 12.

Pre-requisite(s):

Co-requisite(s):

Teaching Methods: 48 x 1hr(s) Lectures; Tutorials (Up to 8 hr(s)).

Module Co-ordinator: Ms Claire O'Sullivan Rochford, Department of Accounting, Finance and Information Systems.

Lecturer(s): Staff, Department of Accounting, Finance and Information Systems.

Module Objective: This module aims to develop students' organisationa decision making skills by focusing on the tactical and strategic roles of accounting in modern firms.

Module Content: Topics covered include: analysis and illustration of fundamental accounting constructs and practices, capital budgeting and competitive capabilities, performance measurement and investment appraisal, the design of long and short run budget mechanisms, profit variance analyses for developing short term control and alignment mechnisms, and current management accounting issues.

Learning Outcomes: On successful completion of this module, students should be able to:
· Apply a range of product costing mechanisms.
· Prepare budgets for a variety of enterprise settings.
· Calculate cost and sales variances and interpret the resulting figures.
· Appreciate the strengths and weaknesses of budgetary and other control mechanisms and their modern alternatives.
· Apply investment appraisal techniques such as NPV, IRR and payback to a variety of project contexts.
· Appreciate the tactical and strategic role of management accounting in modern manufacturing and service firms.
· Measure the costs of quality.
· Appreciate the relationship between management accounting and Total Quality Management.

Assessment: Total Marks 200: End of Year Written Examination 160 marks; Continuous Assessment 40 marks (Project (20 marks) and Interim Written Examination (20 marks)).

Compulsory Elements: End of Year Written Examination; Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Where work is submitted up to and including 7 days late, 10% of the total marks available shall be deducted from the mark achieved. Where work is submitted up to and including 14 days late, 20% of the total marks available shall be deducted from the mark achieved. Work submitted 15 days late or more shall be assigned a mark of zero.

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: 1 x 3 hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 3 hr(s) paper(s) to be taken in Autumn.

Credit Weighting: 15

Teaching Period(s): Teaching Period 2. (6-month placement undertaken between June and November).

No. of Students: Min 12.

Pre-requisite(s): -

Co-requisite(s): -

Teaching Methods: Other (Internship placement or industrial research project running normally for up to 6 months with a written executive learning portfolio prepared under supervision of staff of the Department of Accounting, Finance and Information Systems).

Module Co-ordinator: Ms Sandra Brosnan, Department of Accounting, Finance and Information Systems.

Lecturer(s): Staff, Department of Accounting, Finance and Information Systems.

Module Objective: This module is aimed at developing students' writing and critical thinking skills by asking them to describe and critique their internship placement experiences through a learning portfolio.

Module Content: The preparation of an executive learning portfolio setting out technical, professional and personal experiences of students on their internship or research experience. Students will be required to build an executive learning portfolio over the course of their internship or research experience.

Learning Outcomes: On successful completion of this module, students should be able to:
· Profile the internship organisation or case organisation studied, its purpose, culture, structure and business environment.
· Demonstrate the application of knowledge and skills gained during the programme to the internship or research case study.
· Analyse and reflect on experience and individual contribution within the organisational context.
· Evaluate the relevance of Accounting and Information Systems within the organisational context.
· Appraise and evaluate the learning experience through the completion of an executive learning portfolio.

Assessment: Total Marks 300: Continuous Assessment 300 marks (Students are required to submit an Executive Learning Portfolio on completion of their internship or equivalent project).

Compulsory Elements: Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Where work is submitted up to and including 7 days late, 10% of the total marks available shall be deducted from the mark achieved. Where work is submitted up to and including 14 days late, 20% of the total marks available shall be deducted from the mark achieved. Work submitted 15 days late or more shall be assigned a mark of zero.

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: No End of Year Written Examination.

Requirements for Supplemental Examination: No Supplemental Examination.

Credit Weighting: 10

Teaching Period(s): Teaching Periods 1 and 2.

No. of Students: Min 10, Max 50.

Pre-requisite(s): None

Co-requisite(s): None

Teaching Methods: 24 x 2hr(s) Lectures.

Module Co-ordinator: Dr Mark Hutchinson, Department of Accounting, Finance and Information Systems.

Lecturer(s): Staff, Department of Accounting, Finance and Information Systems.

Module Objective: The aim of this module is to provide students with tools to enable them to analyse financial statements, value firms and draw inferences about past and future performance.

Module Content: How Financial Statements are used in valuation; DCF Valuation; Pricing Book Values and Earnings; Analysing Financial Statements; Forecasting and Valuation; Valuation and Business Strategy Analysis; Accounting Value v Economic Value; Analysing the Quality of Financial Statements; Risk and the cost of capital.

Learning Outcomes: On successful completion of this module, students should be able to:
· Develop key analysis tools that facilitate practical financial statement analysis;
· Interpret financial statements on a time series and cross sectional basis;
· Calculate and interpret measures of a company's liquidity, performance, risk, and growth potential;
· Understand the uses and limitation of the tools for analysing financial statements;
· Compute, understand and compare the value of firms using a comprehensive range of valuation models.

Assessment: Total Marks 200: End of Year Written Examination 140 marks (Summer examination - 140 marks); Continuous Assessment 60 marks (Class Contribution - 20 marks; 2 x Group Case Study write up 2,000 words - 40 marks).

Compulsory Elements: End of Year Written Examination; Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Where work is submitted up to and including 7 days late, 5% of the total marks available shall be deducted from the mark achieved. Where work is submitted up to and including 14 days late, 10% of the total marks available shall be deducted from the mark achieved. Work submitted 15 days late or more shall be assigned a mark of zero.

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: 1 x 3 hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 3 hr(s) paper(s) to be taken in Autumn. Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 5

Teaching Period(s): Teaching Period 1.

No. of Students: Min 10, Max 50.

Pre-requisite(s): None

Co-requisite(s): None

Teaching Methods: 12 x 2hr(s) Lectures.

Module Co-ordinator: Dr Mark Hutchinson, Department of Accounting, Finance and Information Systems.

Lecturer(s): Staff, Department of Accounting, Finance and Information Systems.

Module Objective: This module uses a case based approach to provide a review of the corporate finance investment decision

Module Content: Capital budgeting under certainty and uncertainty; Capital budgeting using real options; Capital structure: Debt and the weighted average cost of capital; Project Finance.

Learning Outcomes: On successful completion of this module, students should be able to:
·
Apply capital budgeting tools to project appraisal;
Use real options to appraise projects;
Estimate the cost of financing new projects;
Identify and apply appropriate project financing solutions.

Assessment: Total Marks 100: End of Year Written Examination 70 marks (Summer examination - 70 marks); Continuous Assessment 30 marks (Class Contribution - 10 marks; Group Case Study write up 2,000 words - 20 marks).

Compulsory Elements: End of Year Written Examination; Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Where work is submitted up to and including 7 days late, 5% of the total marks available shall be deducted from the mark achieved. Where work is submitted up to and including 14 days late, 10% of the total marks available shall be deducted from the mark achieved. Work submitted 15 days late or more shall be assigned a mark of zero.

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: 1 x 1½ hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 1½ hr(s) paper(s) to be taken in Autumn. Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 5

Teaching Period(s): Teaching Period 1.

No. of Students: Min 10, Max 50.

Pre-requisite(s): None

Co-requisite(s): None

Teaching Methods: 12 x 2hr(s) Lectures.

Module Co-ordinator: Dr Mark Hutchinson, Department of Accounting, Finance and Information Systems.

Lecturer(s): Staff, Department of Accounting, Finance and Information Systems.

Module Objective: This module uses real life cases to review the theory and practice of investing in security markets.

Module Content: The Investment Environment; Return and Risk; Interest Rate and Bond Valuation; Stock Valuation and Selection; Portfolio Management; Alternative Investments

Learning Outcomes: On successful completion of this module, students should be able to:
· Explain the risks involved in investing;
· Apply the principles of bond valuation and bond management strategies;
· Apply the principles of stock valuation and selection;
· Apply risk management and performance evaluation solutions at the portfolio level;
· Explain the advantages and drawbacks of alternative investments.

Assessment: Total Marks 100: End of Year Written Examination 70 marks (Summer examination - 70 marks); Continuous Assessment 30 marks (Class Contribution - 10 marks; Group Case Study write up 2,000 words - 20 marks).

Compulsory Elements: End of Year Written Examination; Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Where work is submitted up to and including 7 days late, 5% of the total marks available shall be deducted from the mark achieved. Where work is submitted up to and including 14 days late, 10% of the total marks available shall be deducted from the mark achieved. Work submitted 15 days late or more shall be assigned a mark of zero.

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: 1 x 1½ hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 1½ hr(s) paper(s) to be taken in Autumn. Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 5

Teaching Period(s): Teaching Period 1.

No. of Students: Min 10, Max 50.

Pre-requisite(s): None

Co-requisite(s): None

Teaching Methods: 12 x 2hr(s) Lectures.

Module Co-ordinator: Dr Mark Hutchinson, Department of Accounting, Finance and Information Systems.

Lecturer(s): Staff, Department of Accounting, Finance and Information Systems.

Module Objective: The module uses real life cases to demonstrate and apply best practice in the raising of finance from international capital markets

Module Content: Short and Medium Term Financing; Initial Public Offering; Long Term Equity Financing; Long Term Debt financing; Public Private Partnerships; Securitisation

Learning Outcomes: On successful completion of this module, students should be able to:
· Identify and apply the most appropriate mix of short term financing for a corporation;
· Identify and explain the alternative methods of raising long term debt finance;
· Identify and explain the alternative methods of raising long term equity finance;
· Explain the advantages and disadvantages of Public Private Partnerships as a source of finance;
· Apply securitisation solutions to raise long term finance.

Assessment: Total Marks 100: End of Year Written Examination 70 marks (Summer examination - 70 marks); Continuous Assessment 30 marks (Class Contribution - 10 marks; Group Case Study write up 2,000 words - 20 marks).

Compulsory Elements: End of Year Written Examination; Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Where work is submitted up to and including 7 days late, 5% of the total marks available shall be deducted from the mark achieved. Where work is submitted up to and including 14 days late, 10% of the total marks available shall be deducted from the mark achieved. Work submitted 15 days late or more shall be assigned a mark of zero.

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: 1 x 1½ hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 1½ hr(s) paper(s) to be taken in Autumn. Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 5

Teaching Period(s): Teaching Period 1.

No. of Students: Min 10, Max 50.

Pre-requisite(s): none

Co-requisite(s): none

Teaching Methods: 12 x 2hr(s) Lectures.

Module Co-ordinator: Dr Mark Hutchinson, Department of Accounting, Finance and Information Systems.

Lecturer(s): Staff, Department of Accounting, Finance and Information Systems.

Module Objective: This module focuses on the international aspects of financial management so students are able to appreciate the added international investment and money management issues that international operations face

Module Content: Foundations of International Financial Management; World Financial Markets and Institutions; Exchange Rates; Foreign Exchange Exposure and Management; Financial Management of the Multinational Firm.

Learning Outcomes: On successful completion of this module, students should be able to:
· Discuss and explain the international financial system;
· Provide a detailed review of the functions of world financial markets and institutions;
· Identify corporate foreign exchange risks;
· Apply tools to manage a firm's economic, transaction and translation exposure;
· Provide solutions to international financial management issues.

Assessment: Total Marks 100: End of Year Written Examination 70 marks (Summer examination - 70 marks); Continuous Assessment 30 marks (Class Contribution - 10 marks; Group Case Study write up 2,000 words - 20 marks).

Compulsory Elements: End of Year Written Examination; Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Where work is submitted up to and including 7 days late, 5% of the total marks available shall be deducted from the mark achieved. Where work is submitted up to and including 14 days late, 10% of the total marks available shall be deducted from the mark achieved. Work submitted 15 days late or more shall be assigned a mark of zero.

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: 1 x 1½ hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 1½ hr(s) paper(s) to be taken in Autumn. Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 5

Teaching Period(s): Teaching Period 2.

No. of Students: Min 10, Max 50.

Pre-requisite(s): None

Co-requisite(s): None

Teaching Methods: 12 x 2hr(s) Lectures.

Module Co-ordinator: Dr Mark Hutchinson, Department of Accounting, Finance and Information Systems.

Lecturer(s): Staff, Department of Accounting, Finance and Information Systems.

Module Objective: This module is designed to provide students with the tools to provide solutions to risk management issues in the firm

Module Content: Risk Management and Firm Value: Theory and Evidence; Derivatives: Futures and Options; Managing Interest Rate Risk; Enterprise Risk Management; Value at Risk

Learning Outcomes: On successful completion of this module, students should be able to:
· Identify the risks facing a firm;
· Demonstrate an understanding of futures and options pricing and trading;
· Use futures and options to manage firm risk;
· Identify and manage firm interest rate risk;
· Specify VaR and Enterprise Risk Management solutions.

Assessment: Total Marks 100: End of Year Written Examination 60 marks (Summer examination - 60 marks); Continuous Assessment 40 marks (Class Contribution - 10 marks; Group Project 2,000 words - 30 marks).

Compulsory Elements: End of Year Written Examination; Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Where work is submitted up to and including 7 days late, 5% of the total marks available shall be deducted from the mark achieved. Where work is submitted up to and including 14 days late, 10% of the total marks available shall be deducted from the mark achieved. Work submitted 15 days late or more shall be assigned a mark of zero.

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: 1 x 1½ hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 1½ hr(s) paper(s) to be taken in Autumn. Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 5

Teaching Period(s): Teaching Period 2.

No. of Students: Min 10, Max 50.

Pre-requisite(s): None

Co-requisite(s): None

Teaching Methods: 12 x 2hr(s) Lectures.

Module Co-ordinator: Dr Mark Hutchinson, Department of Accounting, Finance and Information Systems.

Lecturer(s): Staff, Department of Accounting, Finance and Information Systems.

Module Objective: This module provides the tools for the strategic and financial evaluation of mergers, acquisitions and corporate restructuring and identifies the effect of these transactions on corporations and their stakeholders

Module Content: Bidder and target valuation: DCF, APV, P/E, Book value and similar transactions' multiples; Sensitivity analysis and triangulation; Synergies; Cash, stock and mix financing; Impact of financing methods on valuation; Takeover defences

Learning Outcomes: On successful completion of this module, students should be able to:
· Apply valuation methods to bidders and targets in merger situations;
· Identify synergies between merging entities;
· Evaluate the mix of financing for a M&A transaction;
· Identify the effect of the financing mix on deal valuation;
· Explain the range of takeover defences available to target management.

Assessment: Total Marks 100: End of Year Written Examination 60 marks (Summer examination - 60 marks); Continuous Assessment 40 marks (Class Contribution - 10 marks; Group Project 2,000 words - 30 marks).

Compulsory Elements: End of Year Written Examination; Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Where work is submitted up to and including 7 days late, 5% of the total marks available shall be deducted from the mark achieved. Where work is submitted up to and including 14 days late, 10% of the total marks available shall be deducted from the mark achieved. Work submitted 15 days late or more shall be assigned a mark of zero.

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: 1 x 1½ hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 1½ hr(s) paper(s) to be taken in Autumn. Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 5

Teaching Period(s): Teaching Period 2.

No. of Students: Min 10, Max 50.

Pre-requisite(s): None

Co-requisite(s): None

Teaching Methods: 12 x 2hr(s) Lectures.

Module Co-ordinator: Dr Raymond Donnelly, Department of Accounting, Finance and Information Systems.

Lecturer(s): Dr Raymond Donnelly, Department of Accounting, Finance and Information Systems.

Module Objective: The module provides students with an understanding of the theory and practice of corporate governance and regulation.

Module Content: The separation of ownership from control; Corporate governance, regulation and the market for corporate control; Theories of governance; International differences in systems of corporate governance and regulation; Accounting regulation & corporate governance; Executive compensation; Current developments in corporate governance.

Learning Outcomes: On successful completion of this module, students should be able to:
· Explain and discuss the need for corporate governance and regulation;
· Identify the key parties in corporate activity and compare and contrast their roles, impact and the balance of power between them;
· Analyse and discuss corporate governance issues and apply solutions to real life case studies;
· Discuss recent issues in corporate governance.

Assessment: Total Marks 100: End of Year Written Examination 80 marks (Summer examination - 80 marks); Continuous Assessment 20 marks (Report 5,000 - 10,000 words - 20 marks).

Compulsory Elements: End of Year Written Examination; Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Where work is submitted up to and including 7 days late, 5% of the total marks available shall be deducted from the mark achieved. Where work is submitted up to and including 14 days late, 10% of the total marks available shall be deducted from the mark achieved. Work submitted 15 days late or more shall be assigned a mark of zero.

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: 1 x 1½ hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 1½ hr(s) paper(s) to be taken in Autumn. Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 5

Teaching Period(s): Teaching Period 2.

No. of Students: Min 10, Max 50.

Pre-requisite(s): None

Co-requisite(s): None

Teaching Methods: 12 x 2hr(s) Lectures.

Module Co-ordinator: Dr Mark Hutchinson, Department of Accounting, Finance and Information Systems.

Lecturer(s): Staff, Department of Accounting, Finance and Information Systems.

Module Objective: This module provide students with a deep understanding of the concepts of private equity finance and the fund raising and investment process of private equity firms, as well as to the characteristics of private equity, its returns, risks, and cash flow implications

Module Content: Business Angels, VCs and Private Equity; Valuation of investments in early stage companies; Business planning process, including USPs, SWOT analysis, market and risk analysis, financial scenarios; Venture capital investment process; Exit routes, including IPOs and trade sales; Taking Companies Private

Learning Outcomes: On successful completion of this module, students should be able to:
· Identify the sources of early stage company finance;
· Apply tools to value early stage companies;
· Explain and discuss the business planning process;
· Analyse and discuss the venture capital investment process;
· Explain the analyse methods for taking companies private.

Assessment: Total Marks 100: End of Year Written Examination 60 marks (Summer examination - 60 marks); Continuous Assessment 40 marks (Class Contribution - 10 marks; Group Project 2,000 words - 30 marks).

Compulsory Elements: End of Year Written Examination; Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Where work is submitted up to and including 7 days late, 5% of the total marks available shall be deducted from the mark achieved. Where work is submitted up to and including 14 days late, 10% of the total marks available shall be deducted from the mark achieved. Work submitted 15 days late or more shall be assigned a mark of zero.

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: 1 x 1½ hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 1½ hr(s) paper(s) to be taken in Autumn. Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 5

Teaching Period(s): Teaching Periods 1 and 2.

No. of Students: Min 10, Max 50.

Pre-requisite(s): None

Co-requisite(s): None

Teaching Methods: 12 x 2hr(s) Lectures.

Module Co-ordinator: Dr Mark Hutchinson, Department of Accounting, Finance and Information Systems.

Lecturer(s): Staff, Department of Accounting, Finance and Information Systems.

Module Objective: This module is made up of a series of interactive case study sessions chaired by business leaders. Each week a group of students will host a business leader, present a case study solution and receive feedback. The objective is to improve the commercial skills of the student

Module Content: Interpersonal skills; Communication skills; Presentation Skill; Business Analysis Skills; ;

Learning Outcomes: On successful completion of this module, students should be able to:
· Analyse real life business cases;
Communicate in a professional manner with business people;
Present in a professional manner to business people.

Assessment: Total Marks 100: Continuous Assessment 100 marks (Class Contribution - 40 marks; Project 2,000 words - 60 marks).

Compulsory Elements: Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Where work is submitted up to and including 7 days late, 5% of the total marks available shall be deducted from the mark achieved. Where work is submitted up to and including 14 days late, 10% of the total marks available shall be deducted from the mark achieved. Work submitted 15 days late or more shall be assigned a mark of zero.

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: No End of Year Written Examination.

Requirements for Supplemental Examination: Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 5

Teaching Period(s): Teaching Period 2.

No. of Students: Min 10, Max 50.

Pre-requisite(s): None

Co-requisite(s): None

Teaching Methods: 12 x 2hr(s) Lectures.

Module Co-ordinator: Dr Mark Hutchinson, Department of Accounting, Finance and Information Systems.

Lecturer(s): Staff, Department of Accounting, Finance and Information Systems.

Module Objective: This module is designed to develop the research skills which will be applied in the Business Research Project

Module Content: Report Writing Skills; Professional IT skills; Presentation Skills; Business Analysis Skills; Accessing third party databases of information; Statistical Analysis; Decision Theory

Learning Outcomes: On successful completion of this module, students should be able to:
· Write in a style and format appropriate for commercial research;
· Analyse information using Professional IT systems;
· Analyse data using statistical analysis techniques;
· Access and analyse information from third party databases;
· Take a probability approach to decision making.

Assessment: Total Marks 100: Continuous Assessment 100 marks (Project 2,000 words - 100 marks).

Compulsory Elements: Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Where work is submitted up to and including 7 days late, 5% of the total marks available shall be deducted from the mark achieved. Where work is submitted up to and including 14 days late, 10% of the total marks available shall be deducted from the mark achieved. Work submitted 15 days late or more shall be assigned a mark of zero.

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: No End of Year Written Examination.

Requirements for Supplemental Examination: Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 30

Teaching Period(s): Teaching/Research Period 3.

No. of Students: Min 10, Max 50.

Pre-requisite(s): None

Co-requisite(s): None

Teaching Methods: Other (1 Preparation Seminar and 1 Presentation Seminar).

Module Co-ordinator: Dr Mark Hutchinson, Department of Accounting, Finance and Information Systems.

Lecturer(s): Staff, Department of Accounting, Finance and Information Systems.

Module Objective: This module allows students to apply the skills developed in the programme to provide a solution to a real life corporate finance case

Module Content: Business Report; Presentation of Business Report to Client

Learning Outcomes: On successful completion of this module, students should be able to:
· Conduct formal client meetings;
· Carry out business research to provide a solution to the client issue;
· Analyse company and third party information;
· Write a comprehensive business report;
· Present the findings of a business report to a client.

Assessment: Total Marks 600: Continuous Assessment 600 marks (Group Project 12,000 to 15,000 words - 350 marks; Group Presentation - 50 marks; Essay 2,000 words - 200 marks).

Compulsory Elements: Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Where work is submitted up to and including 7 days late, 5% of the total marks available shall be deducted from the mark achieved. Where work is submitted up to and including 14 days late, 10% of the total marks available shall be deducted from the mark achieved. Work submitted 15 days late or more shall be assigned a mark of zero.

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: No End of Year Written Examination.

Requirements for Supplemental Examination: No Supplemental Examination.

Credit Weighting: 15

Teaching Period(s): Teaching Periods 1 and 2.

No. of Students:

Pre-requisite(s): AC 1111, AC 2111 and AC 3111 (or equivalent)

Co-requisite(s): None

Teaching Methods: 24 x 3hr(s) Lectures; Other (Up to 12 x 1hr tutorials).

Module Co-ordinator: Mr John Doran, Department of Accounting, Finance and Information Systems.

Lecturer(s): Staff, Department of Accounting, Finance and Information Systems.

Module Objective: To equip students with the competence to prepare financial statements for companies and groups in accordance with IFRS and relevant legislation.

Module Content: Context of financial reporting and financial information. Applying IFRS to business transactions. Company and group accounts.

Learning Outcomes: On successful completion of this module, students should be able to:
· Update financial records for a wide variety of transactions and prepare financial statements of companies and groups to professional standards.
· Apply International Financial Reporting Standards with professional competency to the preparation and presentation of published financial statements and critically compare and contrast those standards to Irish GAAP.
· Describe the accounting standard setting process and critically evaluate the current challenges facing standard setters.
· Advise on the main ethical issues facing the reporting accountant.
· Assess the impact of the competing demands on the regulatory system on financial reporting.
· Analyse the theoretical and empirical basis of current controversies in financial reporting.

Assessment: Total Marks 300: End of Year Written Examination 240 marks; Continuous Assessment 60 marks (Interim examination 60 marks).

Compulsory Elements: End of Year Written Examination; Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Work which is submitted late shall be assigned a mark of zero (or a Fail Judgement in the case of Pass/Fail modules).

Pass Standard and any Special Requirements for Passing Module: 50%.

End of Year Written Examination Profile: 1 x 3 hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 3 hr(s) paper(s) to be taken in Autumn. Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 10

Teaching Period(s): Teaching Periods 1 and 2.

No. of Students:

Pre-requisite(s): AC 1112 and AC 3112 (or equivalent)

Co-requisite(s): None

Teaching Methods: 24 x 2hr(s) Lectures.

Module Co-ordinator: Mr John Doran, Department of Accounting, Finance and Information Systems.

Lecturer(s): Staff, Department of Accounting, Finance and Information Systems.

Module Objective: To equip students with an understanding of, and skills in, the use of accounting information to manage an organisation.

Module Content: Accounting for decision-making, budgetary control, product costing and performance measurement.

Learning Outcomes: On successful completion of this module, students should be able to:
· Prepare appropriate accounting records to categorise, apportion and absorb product costs to a professional standard.
· Apply a variety of product costing mechanisms and advise on the most appropriate in various circumstances.
· Demonstrate the ability to contribute to organisational decision-making in a management accounting role.
· Develop and interpret calculative routines for budgeting, cost-volume-profit analysis, performance measurement, investment appraisal and variance analysis in organisations.
· Evaluate the strengths and weaknesses of traditional and innovative budgetary control mechanisms at both corporate and divisional levels.
· Advise on appropriate performance measurement strategies to enable the achievement of organisational goals which integrate ethical and environmental factors and other non-financial indicators.
· Critically assess issues involved in transfer pricing including objectives, choices available and difficulities arising.

Assessment: Total Marks 200: End of Year Written Examination 160 marks; Continuous Assessment 40 marks (Project Work 40 marks).

Compulsory Elements: End of Year Written Examination; Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Work which is submitted late shall be assigned a mark of zero (or a Fail Judgement in the case of Pass/Fail modules).

Pass Standard and any Special Requirements for Passing Module: 50%.

End of Year Written Examination Profile: 1 x 3 hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 3 hr(s) paper(s) to be taken in Autumn. Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 10

Teaching Period(s): Teaching Periods 1 and 2.

No. of Students:

Pre-requisite(s): AC 1117, (or equivalent)

Co-requisite(s): None

Teaching Methods: 24 x 2hr(s) Lectures.

Module Co-ordinator: Mr John Doran, Department of Accounting, Finance and Information Systems.

Lecturer(s): Staff, Department of Accounting, Finance and Information Systems.

Module Objective: To equip students with a good working understanding of the activities of the finance function in a variety of contexts.

Module Content: Investment appraisal, financing and distribution decisions, working capital management and risk management.

Learning Outcomes: On successful completion of this module, students should be able to:
· Use financial techniques to provide informed investment advice for individuals and companies.
· Apply appropriate risk assessment and management techniques including the management of currency and interest rate risk.
· Provide advice on short term financial management and on the identification and resolution of financial distress.
· Apply financial theories such as agency theory, portfolio theory and capital structure theory in an integrated manner to the resolution of complex financial problems.
· Describe the financing and distribution choices facing private and public companies and use financial techniques to advise on the appropriate choices in specific circumstances.
· Explain the existing empirical evidence on corporate restructuring including mergers and leveraged buyouts and use valuation techniques to formulate reconstruction options.

Assessment: Total Marks 200: End of Year Written Examination 160 marks; Continuous Assessment 40 marks (Case study 40 marks).

Compulsory Elements: End of Year Written Examination; Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Work which is submitted late shall be assigned a mark of zero (or a Fail Judgement in the case of Pass/Fail modules).

Pass Standard and any Special Requirements for Passing Module: 50%.

End of Year Written Examination Profile: 1 x 3 hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 3 hr(s) paper(s) to be taken in Autumn. Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 10

Teaching Period(s): Teaching Periods 1 and 2.

No. of Students:

Pre-requisite(s): None

Co-requisite(s): None

Teaching Methods: 24 x 2hr(s) Lectures.

Module Co-ordinator: Mr John Doran, Department of Accounting, Finance and Information Systems.

Lecturer(s): Staff, Department of Accounting, Finance and Information Systems.

Module Objective: To equip students with an appreciation and knowledge of the legal and business environment in which audit and assurance are conducted.

Module Content: Statutory, governance and ethical frameworks of auditing. Auditing standards. Audit risk assessment. Audit evidence. Testing of controls and substantive testing. Documentation of audit work. Audit reports.

Learning Outcomes: On successful completion of this module, students should be able to:
· Compare and contrast the respective responsibilities of company directors and auditors.
· Outline the ethical and regulatory environment of the audit standard setting process.
· Distinguish the component parts of an audit opinion under Irish legislation and major categories of qualified audit opinion.
· Differentiate between the varying effects on the audit opinion of different situations including significant uncertainty and limitation of scope.
· Select and apply appropriate audit procedures to typical balance sheet and income statement account categories and estimates.
· Demonstrate professional judgement in assessing specific systems of internal control to identify critical risks and related controls.
· Show comprehensive understanding of the framework for concluding on an area of audit work and draw appropriate conclusions based on audit evidence available.
· Critically assess the implications of selected cases of failure on corporate governance.

Assessment: Total Marks 200: End of Year Written Examination 160 marks; Continuous Assessment 40 marks (Interim examination 40 marks).

Compulsory Elements: End of Year Written Examination; Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Work which is submitted late shall be assigned a mark of zero (or a Fail Judgement in the case of Pass/Fail modules).

Pass Standard and any Special Requirements for Passing Module: 50%.

End of Year Written Examination Profile: 1 x 3 hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 3 hr(s) paper(s) to be taken in Autumn. Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 10

Teaching Period(s): Teaching Periods 1 and 2.

No. of Students:

Pre-requisite(s): AC 3114 (or equivalent)

Co-requisite(s): None

Teaching Methods: 24 x 2hr(s) Lectures; Other (Up to 24 x 1hr Tutorials).

Module Co-ordinator: Mr John Doran, Department of Accounting, Finance and Information Systems.

Lecturer(s): Staff, Department of Accounting, Finance and Information Systems.

Module Objective: To equip students with the knowledge and skills to deal with most routine issues in Corporation Tax, Capital Gains Tax, Capital Acquisitions Tax and Stamp Duty.

Module Content: Corporation Tax, Capital Gains Tax, Capital Acquisitions Tax and Stamp Duty.

Learning Outcomes: On successful completion of this module, students should be able to:
· Describe in detail the scheme of Irish Taxation and explain the principal rules governing the administration of each tax category.
· Apply the rules governing the determination of taxable income to the calculation of the tax liabilities of corporations.
· Advise on the significance of corporate structure for the determination of corporation tax liabilities, including the application of close company rules and the determination of the tax liabilities of groups of companies.
· Assess the tax implications of the acquisition and disposal of assets including the capital gains tax, capital acquisitions tax, and stamp duty implications.
· Analyse the potential tax consequences of the financing and distribution decisions of individuals and companies.

Assessment: Total Marks 200: End of Year Written Examination 160 marks; Continuous Assessment 40 marks (Interim examination, 40 marks).

Compulsory Elements: End of Year Written Examination; Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): None.

Pass Standard and any Special Requirements for Passing Module: 50%.

End of Year Written Examination Profile: 1 x 3 hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 3 hr(s) paper(s) to be taken in Autumn. Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 5

Teaching Period(s): Teaching Period 1.

No. of Students:

Pre-requisite(s): None

Co-requisite(s): None

Teaching Methods: 24 x 1hr(s) Lectures.

Module Co-ordinator: Mr John Doran, Department of Accounting, Finance and Information Systems.

Lecturer(s): Staff, Department of Accounting, Finance and Information Systems.

Module Objective: To develop an understanding of, and competency in, the use of computing applications in accounting and auditing.

Module Content: Relevant computer applications as support for analysis of financial data, improving productivity in auditing and accounting, investment appraisal and financial management.

Learning Outcomes: On successful completion of this module, students should be able to:
· Use relevant computer software applications to produce reports, spreadsheets, charts, graphs and presentations in a business context.
· Apply relevant computer software applications to increase productivity and quality of analysis in auditing and accounting.
· Utilise relevant computer software applications as support for decision making with respect to investment appraisal, budgeting and sensitivity analysis.

Assessment: Total Marks 100: Continuous Assessment 100 marks (Project based assessment).

Compulsory Elements: Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Work which is submitted late shall be assigned a mark of zero (or a Fail Judgement in the case of Pass/Fail modules).

Pass Standard and any Special Requirements for Passing Module: 50%.

End of Year Written Examination Profile: No End of Year Written Examination.

Requirements for Supplemental Examination: Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 15

Teaching Period(s): Teaching Period 2 and Teaching/Research Period 3. (project work completed between the end of the summer examinations and the middle of July).

No. of Students:

Pre-requisite(s): None

Co-requisite(s): None

Teaching Methods: 12 x 2hr(s) Lectures; 6 x 2hr(s) Seminars (including student presentations. Students will carry out their project work for submission by the middle of July).

Module Co-ordinator: Mr John Doran, Department of Accounting, Finance and Information Systems.

Lecturer(s): Staff, Department of Accounting, Finance and Information Systems.

Module Objective: This module provides the opportunity to acquire the necessary knowledge and analytical skills to enable students to design, conduct and present research in areas of interest to accountants in practice and in industry, and also to clients of the profession.

Module Content: Financial statement analysis. Training in research methods. Report writing and presentation of research results. Occasional seminars with accounting professionals and executives in industry.

Learning Outcomes: On successful completion of this module, students should be able to:
· Carry out business research to provide a solution to a client issue
· Locate and discuss recent literature in the research area and choose and utilise appropriate research methods
· Identify relevant databases and sources of research data and extract appropriate information
· Calculate financial ratios and explain how financial ratios are used to assess valuation, performance and solvency
· Analyse company and third party information including financial statements and critique the insights gained
· Write an effective business report
· Review and assess the clarity of working papers
· Formally present the findings of a business report or assignment engagement proposal to a client or professional peers.

Assessment: Total Marks 300: Continuous Assessment 300 marks (Two Individual projects - 100 marks each; Group financial statement research and analysis report 5,000 - 8,000 words - 100 marks).

Compulsory Elements: Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Where work is submitted up to and including 7 days late, 5% of the total marks available shall be deducted from the mark achieved. Where work is submitted up to and including 14 days late, 10% of the total marks available shall be deducted from the mark achieved. Work submitted 15 days late or more shall be assigned a mark of zero.

Pass Standard and any Special Requirements for Passing Module: 50%.

End of Year Written Examination Profile: No End of Year Written Examination.

Requirements for Supplemental Examination: Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 15

Teaching Period(s): Teaching/Research Period 3.

No. of Students:

Pre-requisite(s): None

Co-requisite(s): None

Teaching Methods: Other (Under the guidance of academic supervisors, drawn from accounting and finance staff, students will carry out their project work between the end of their summer exams and the middle of August, culminating in the submission of their project).

Module Co-ordinator: Mr John Doran, Department of Accounting, Finance and Information Systems.

Lecturer(s): Staff, Department of Accounting, Finance and Information Systems.

Module Objective: This module aims to allow students to apply the skills and knowledge acquired in the Master of Accounting modules to a research project. The ability to perform independent research on either primary or secondary data is a key learning outcome of the programme as a whole.

Module Content: Students are required to write a research report on a topical issue drawn from the theory and practise of accounting and finance. Students select from a range of suitable research themes and are assigned a research supervisor. Suitable topics would typically be of interest to the readers of a professional jounal.

Learning Outcomes: On successful completion of this module, students should be able to:
· Carry out and document research on a topic in Accounting
· Analyse their topic of choice in detail and highlight its relevance to industry or practice.
· Work in a small professional group towards a shared goal.
· Write a comprehensive research report.

Assessment: Total Marks 300: Continuous Assessment 300 marks (Group Project 5,000 to 6,000 words - 300 marks).

Compulsory Elements: Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Where work is submitted up to and including 7 days late, 5% of the total marks available shall be deducted from the mark achieved. Where work is submitted up to and including 14 days late, 10% of the total marks available shall be deducted from the mark achieved. Work submitted 15 days late or more shall be assigned a mark of zero.

Pass Standard and any Special Requirements for Passing Module: 50%.

End of Year Written Examination Profile: No End of Year Written Examination.

Requirements for Supplemental Examination: No Supplemental Examination.

Credit Weighting: 5

Teaching Period(s): Teaching Period 1.

No. of Students: Min 20.

Pre-requisite(s): none

Co-requisite(s): none

Teaching Methods: 2 x 12hr(s) Lectures (Case Studies; Outside speakers); Other.

Module Co-ordinator: Mr Mark Mulcahy, Department of Accounting, Finance and Information Systems.

Lecturer(s): Staff, Department of Accounting, Finance and Information Systems.

Module Objective: The objective of this module is to anlayse some of the specific issues in valuing and financing of early stage companies.

Module Content: This course examines the finance of innovation, focusing on technology-based start-up ventures, and the early stages of company development. It addresses key questions which challenge all entrepreneurs: how much money can and should be raised; when should it be raised and from whom; what is a reasonable valuation of the company? The subject aims to prepare students, as innovators and entrepreneurs, for these decisions.

Learning Outcomes: On successful completion of this module, students should be able to:
· Explain the ways innovation is financed in uncertain environments.
· Determine what constitutes a high-potential company that attracts professional capital.
· Explain the role and importance of due diligence for early stage investments.
· Use financial techniques to value start-up companies.
· Apply venture capital method.

Assessment: Total Marks 100: Continuous Assessment 100 marks (Group project: case write-ups 50 marks; Individual project (approx. 3,000 words) 50 marks).

Compulsory Elements: Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Where work is submitted up to and including 7 days late, 10% of the total marks available shall be deducted from the mark achieved. Where work is submitted up to and including 14 days late, 20% of the total marks available shall be deducted from the mark achieved. Work submitted 15 days late or more shall be assigned a mark of zero.

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: No End of Year Written Examination.

Requirements for Supplemental Examination: Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated (as prescribed by the Department).

Credit Weighting: 5

Teaching Period(s): Teaching Period 2.

No. of Students: Min 20.

Pre-requisite(s): AC 6301 Innovation Finance

Co-requisite(s): none

Teaching Methods: 2 x 12hr(s) Lectures (Case Studies; Outside speakers); Other.

Module Co-ordinator: Mr Mark Mulcahy, Department of Accounting, Finance and Information Systems.

Lecturer(s): Staff, Department of Accounting, Finance and Information Systems.

Module Objective: This course prepares innovators and entrepreneurs to understand the needs and requirements of outside suppliers of capital. Learn how to interact with outside advisors and negotiate with funding sources.

Module Content: This course builds on the lessons learned from studying its prerequisite, Innovation Finance (AC6301). It examines the elements of raising early stage capital in more detail, focusing on complex deal structures, the elements that make them more complex and their impact on ownership of the firm during early stages of company development.

Learning Outcomes: On successful completion of this module, students should be able to:
· Discuss the financier's and entrepreneur's needs and preceptions of risk and reward.
· Examine the treatment of risk in highly uncertain environments.
· Analyze the role of financial contracts in addressing information and incentive problems between financier and entrepreneur.
· Implement valuation with alternative scenarios.
· Discuss specific action issues including splitting equity and compensation, investor protection, and the impact of multiple financing rounds.

Assessment: Total Marks 100: Continuous Assessment 100 marks (Group project: case write-ups 50 marks; Individual project (approx. 3,000 words) 50 marks.).

Compulsory Elements: Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Where work is submitted up to and including 7 days late, 10% of the total marks available shall be deducted from the mark achieved. Where work is submitted up to and including 14 days late, 20% of the total marks available shall be deducted from the mark achieved. Work submitted 15 days late or more shall be assigned a mark of zero.

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: No End of Year Written Examination.

Requirements for Supplemental Examination: Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated (as prescribed by the Department).

Credit Weighting: 5

Teaching Period(s): Teaching Period 2. (Semester 1, Year 1 - MBA).

No. of Students: Min 10, Max 50.

Pre-requisite(s): None

Co-requisite(s): None

Teaching Methods: 12 x 2hr(s) Lectures.

Module Co-ordinator: Mr Derry Cotter, Department of Accounting, Finance and Information Systems.

Lecturer(s): Staff, Department of Accounting, Finance and Information Systems.

Module Objective: This module aims to give participants the ability to understand and interpret the Financial Statements of Corporate Entities

Module Content: An opportunity will be provided for the practical application of this knowledge. The module will also examine the regulation, economic consequences and evolution of Financial Reporting. Ethical dilemmas involving creative accounting practices will also be covered and methods of combating these practices will be considered. Participants will also be introduced to the basic principles of Financial Management.

Learning Outcomes: On successful completion of this module, students should be able to:
· Interpret the financial statements of corporations, so as to assess the performance and financial position of a business.
· Apply rules issued by the accounting regulatory bodies.
· Use academic research evidence to evaluate managements? accounting policy choice.
· Employ ethical models to resolve complex ethical dilemmas.
· Observe managements' use of creative accounting techniques.
· Interpret the economic consequences of financial reporting practices.

Assessment: Total Marks 100: End of Year Written Examination 60 marks (to be taken at end of Semester 1); Continuous Assessment 40 marks (Project).

Compulsory Elements: End of Semester Written Examination and Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Where work is submitted up to and including 7 days late, 5% of the total marks available shall be deducted from the mark achieved. Where work is submitted up to and including 14 days late, 10% of the total marks available shall be deducted from the mark achieved. Work submitted 15 days late or more shall be assigned a mark of zero.

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: 1 x 1½ hr(s) paper(s).

Requirements for Supplemental Examination: 1 x 1½ hr(s) paper(s) to be taken in Autumn. Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated.

Credit Weighting: 5

Teaching Period(s): Teaching Period 1. (Semester 2 - Year 1 - MBA).

No. of Students: Min 10, Max 50.

Pre-requisite(s): None

Co-requisite(s): None

Teaching Methods: 12 x 2hr(s) Lectures.

Module Co-ordinator: Dr Peter Cleary, Department of Accounting, Finance and Information Systems.

Lecturer(s): Staff, Department of Accounting, Finance and Information Systems.

Module Objective: This module aims to provide participants with an understanding of the use of accounting information in planning, control and business decision-making and the value of an accounting system as a strategic resource.

Module Content: Topics covered: introduction to managerial accounting and control systems: Cost analysis for decision-making; Accounting issues in investment appraisal; Maximising value with constrained resources; Activity based costing; Managing overhead costs; Evaluating the relative profitability of product offerings; Evaluating customer profitability; The balanced scorecard; Designing and implementing performance measurement and incentive schemes; Planning and budgeting systems; theory and practice; The relationship between strategic and managerial control systems.

Learning Outcomes: On successful completion of this module, students should be able to:
· Undertake Cost-Volume-Profit (CVP) analysis and interpret the results.
· Establish relevant cash flows for decision making and apply these principles in a variety of contexts including pricing, investment appraisal and make or buy decisions.
· Appreciate the strategic importance of identifying and managing constraints in a variety of contexts.
· Apply and evaluate a range of product costing mechanisms including Activity Based Costing (ABC).
· Appreciate the accounting contribution to customer relationship management and managing customer profitability.
· Discuss the characteristics of traditional and modern approaches to costing.
· Critically evaluate modern performance measurement techniques.
· Critique the role of planning and budgetary control systems.
· Outline and discuss divisional performance measurement techniques and transfer pricing policies adopted by organisations.

Assessment: Total Marks 100: Continuous Assessment 100 marks (2 x Group Case Studies and Presentations, 30 marks each; Individual Assignment, 40 marks).

Compulsory Elements: Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Where work is submitted up to and including 7 days late, 5% of the total marks available shall be deducted from the mark achieved. Where work is submitted up to and including 14 days late, 10% of the total marks available shall be deducted from the mark achieved. Work submitted 15 days late or more shall be assigned a mark of zero.

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: No End of Year Written Examination.

Requirements for Supplemental Examination: Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated (as prescribed by the Module Coordinator).

Credit Weighting: 5

Teaching Period(s): Teaching Period 2. (Semester 3, Year 2, MBA).

No. of Students: Min 10, Max 50.

Pre-requisite(s): None

Co-requisite(s): None

Teaching Methods: 12 x 2hr(s) Lectures.

Module Co-ordinator: Mr Steve O'Callaghan, Department of Accounting, Finance and Information Systems.

Lecturer(s): Staff, Department of Accounting, Finance and Information Systems.

Module Objective: This module introduces the concepts and applications of modern corporate finance. Having completed this module, students should understand the objective of the firm and the factors that affect its value. They should have an appreciation of how risk can affect the value of a business and how investment decisions should be managed.

Module Content: The cornerstone of the module pertains to the valuation of business assets. Issues dealt with include: The objective of the Firm; the Concept of Shareholder Value; Investment Appraisal; Asset Pricing; Risk and Required Rates of Return; Capital Markets; Capital Structure.

Learning Outcomes: On successful completion of this module, students should be able to:
· Outline and discuss the objective of the firm and the concept of shareholder value.
· Demonstrate an understanding of various approaches to investment appraisal.
· Outline the appropriate approaches to the appraisal of particular investments and apply these approaches.
· Demonstrate an understanding of approaches to valuing equity and apply these approaches.
· Discuss why a firm's choice of capital structure matters.
· Demonstrate an understanding or risk and its relationship with required rates of return.
· Demonstrate an understanding of the function of Capital Markets.

Assessment: Total Marks 100: Continuous Assessment 100 marks (50 marks for Case Study (group work), 50 marks for Project (individual work)).

Compulsory Elements: Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Where work is submitted up to and including 7 days late, 5% of the total marks available shall be deducted from the mark achieved. Where work is submitted up to and including 14 days late, 10% of the total marks available shall be deducted from the mark achieved. Work submitted 15 days late or more shall be assigned a mark of zero.

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: No End of Year Written Examination.

Requirements for Supplemental Examination: Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated (as prescribed by the Department).

Credit Weighting: 5

Teaching Period(s): Teaching Period 1. (Semester 4, Year 2, MBA).

No. of Students: Min 10, Max 50.

Pre-requisite(s): AC6503 Corporate Finance 1

Co-requisite(s): None

Teaching Methods: 12 x 2hr(s) Lectures.

Module Co-ordinator: Dr Mark Hutchinson, Department of Accounting, Finance and Information Systems.

Lecturer(s): Staff, Department of Accounting, Finance and Information Systems.

Module Objective: Having completed this module, students should appreciate how currency risk can impact on the value of firms and how it can be managed. They will also have an understanding of how conflicts of interests, especially between managers and shareholders can destroy value and how these conflicts might be managed.

Module Content: This module introduces additional concepts and applications in Corporate Finance. Topics covered include: Derivatives; International Finance; Foreign Currency Exposure; Hedging; Financial Agency Theory; Corporate Governance; Boards of Directors; Regulation; Mergers and Acquisitions.

Learning Outcomes: On successful completion of this module, students should be able to:
· Critique a firm's overall corporate finance strategy
· Discuss the overarching role of corporate governance and its impact on every corporate finance decision.
· Analyse corporate combinations from strategy through to valuation and implementation.
· Describe the methods used by firms to manage multinational financial risk.
· Calculate financial ratios and explain how financial ratios are useful for evaluating firm performance.

Assessment: Total Marks 100: Continuous Assessment 100 marks (Essays/Projects).

Compulsory Elements: Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Where work is submitted up to and including 7 days late, 5% of the total marks available shall be deducted from the mark achieved. Where work is submitted up to and including 14 days late, 10% of the total marks available shall be deducted from the mark achieved. Work submitted 15 days late or more shall be assigned a mark of zero.

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: No End of Year Written Examination.

Requirements for Supplemental Examination: Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated (Resubmit Essay/Project as prescribed by the module coordinator).

Credit Weighting: 5

Teaching Period(s): Teaching Period 1.

No. of Students: Min 15, Max 30.

Pre-requisite(s): None

Co-requisite(s): None

Teaching Methods: 1 x 4hr(s) Lectures; Other (Distance Education Module - Up to 146hrs Self Directed Study).

Module Co-ordinator: Dr Peter Cleary, Department of Accounting, Finance and Information Systems.

Lecturer(s): Staff, Department of Accounting, Finance and Information Systems.

Module Objective: To examine the management uses of accounting information and to enhance students ability to exert effective managerial control.

Module Content: Topics include; the accounting information needs of management, costs and pricing; estimating costs; the identification of key performance indicators; budgeting for control; capital investment appraisal and implications for strategic planning and control.

Learning Outcomes: On successful completion of this module, students should be able to:
· To examine the management uses of accounting information and to enhance students ability to exert effective managerial control.

Assessment: Total Marks 100: Continuous Assessment 100 marks (Project/ Essay. Approximately 1500 words.).

Compulsory Elements: Continuous Assessment.

Penalties (for late submission of Course/Project Work etc.): Where work is submitted up to and including 7 days late, 10% of the total marks available shall be deducted from the mark achieved. Where work is submitted up to and including 14 days late, 20% of the total marks available shall be deducted from the mark achieved. Work submitted 15 days late or more shall be assigned a mark of zero.

Pass Standard and any Special Requirements for Passing Module: 40%.

End of Year Written Examination Profile: No End of Year Written Examination.

Requirements for Supplemental Examination: Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated (Resubmission of revised Continuous Assessment).


		Book of Modules 2012/2013
		ACXXXX

Book of Modules 2012/2013

ACXXXX