¸£ÀûÔÚÏßÃâ·Ñ

Study-Unit Description

Study-Unit Description


CODE ACC1101

 
TITLE Accounting Principles and the Public Sector

 
UM LEVEL 01 - Year 1 in Modular Undergraduate Course

 
MQF LEVEL 5

 
ECTS CREDITS 6

 
DEPARTMENT Accountancy

 
DESCRIPTION This study-unit will address accounting principles in both the private sector and the public sector. Starting from the principles of double entry bookkeeping, students will also be exposed to the theoretical framework of accounting and its effect on financial statements. The content of this study-unit will deal with the particular nature of public service organisations and their objectives and the resulting effect on external financial reporting and the role and significance of accounting standards in public service accounting.

Study-unit Aims:

The aim of this study-unit is to provide students reading for the BA (Hons) in Public Sector Accounting with an introduction to accounting concepts and principles. In the course of the delivery of this study-unit, the main components of a set of financial statements in line with IFRS will be considered, with particular reference to the application in the Public Sector.

Learning Outcomes:

1. Knowledge & Understanding:
By the end of the study-unit the student will be able to:

- Explain the environment in which financial accounting operates and the ethical standards expected of professional accountants;
- Explain basic accounting concepts and principles;
- Describe and apply basic accounting theory and prepare financial statements for limited companies in accordance with it, including current legal and professional requirements (International Standards).

2. Skills:
By the end of the study-unit the student will be able to:

- Make entries in financial accounting records based on the principles of double entry bookkeeping;
- Prepare financial statements for a variety of organisations;
- Identify the external financial reporting framework for the public services.

Main Text/s and any supplementary readings:

- Frank Wood, Business Accounting 1 (Latest Edition), FT Prentice Hall.

 
STUDY-UNIT TYPE Lecture

 
METHOD OF ASSESSMENT
Assessment Component/s Sept. Asst Session Weighting
Examination (3 Hours) Yes 100%

 
LECTURER/S Josette Caruana

 

 
The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints.
Units not attracting a sufficient number of registrations may be withdrawn without notice.
It should be noted that all the information in the description above applies to study-units available during the academic year 2025/6. It may be subject to change in subsequent years.

/course/studyunit