The core objectives of Financial Reporting 1 are the preparation of the full financial statements for a single company or partnership and the principal consolidated financial statements for a simple group, whilst consolidating previous skills in double entry book-keeping. Coverage of a wide range of accounting standards is implicit in these objectives.

1. Produce accounts of partnerships, branches, and clubs & societies, and understand the specifics of the accounting treatment used in their preparation
2. Explain the purpose of financial reporting and outline the generally accepted accounting principles underlying the preparation of financial statements.
3. Explain and where applicable contrast/evaluate the allowable accounting treatment (s) contained in a range of IAS/IFRS and apply these in the preparation of the financial statements of a limited company including cash flow statements
4. Outline the key differences in accounting treatment for any transaction examinable should local GAAP (UK & Ireland) be applied.
5. Illustrate the accounting treatment that applies to the issue and redemption of shares in a limited company
6. Evaluate and distinguish between the various interpretative and analytical techniques used in reviewing financial statements
7. Apply the correct accounting treatment in preparing consolidated statements of financial position and statement of comprehensive income for simple groups

The purpose of this module is to provide students with an understanding of the nature and scope of management accounting and financial management. It will allow learners to apply techniques to aid decision making at the individual and organisational level.

1. Describe the role of the management accountant and assess how this contributes to the attainment of organisational goals.
2. Apply costing principles, methods and techniques to determine product and service costs.
3. Apply cost-volume-profit (CVP) analysis and interpret the results.
4. Prepare and interpret budgets and standard costs.
5. Calculate and interpret appropriate variances.
6. Explain the role and purpose of the financial management function.
7. Appraise capital investments both financially and non-financially.
8. Compare personal financial products.

The key objective of this module is to develop learners competence in using computerised accounting software to produce accurate, professional and well-presented accounting information employing an appropriate range of accounting procedures.

1. Use an integrated accounting system
2. Demonstrate an understanding of double entry bookkeeping and the competence to apply this understanding using an integrated accounts package
3. Demonstrate on going ability to interpret and process both routine and non-routine transactions
4. Generate and review a range of routine and non-routine accounting reports for management purposes
5. Analyse and interpret reports in order to process corrections

Macroeconomics introduces the learner to the basic principles of Macroeconomic Theory. The module considers the structure and functioning of a modern macroeconomy, particularly with respect to the relationship between the various sectors. Current indicators and forecasts of macroeconomic performance are examined including both soft and hard sources. The learner is introduced to the role and influence of economic policy, both fiscal and monetary, national and international.

1. Describe the operations of the macroeconomy.
2. Demonstrate the basic macroeconomic models e.g. the circular flow of income, equilibrium national income, the multiplier etc.
3. Describe and analyse current and projected economic performance.
4. Identify the effects on the economy of changes in macroeconomic variables.
5. Describe the role and influence of economic policy.

The purpose of this module is to provide students with the knowledge and skills to apply management accounting techniques to numeric and qualitative information for planning, decision making and control purposes.

1. Apply decision making techniques to evaluate various courses of actions available to businesses
2. Apply variable/fixed cost analysis in multiple product contexts to break-even analysis and product mix decision making
3. Assess business performance from both a financial and non-financial viewpoint, incorporating human resource issues
4. Determine product and service costs using different techniques and be able to critically appraise these techniques
5. Apply learning curves in forecasting future costs
6. Calculate and interpret basic and advanced variances in relation to materials, labour, overheads and sales
7. Evaluate and apply alternative approaches to budgeting.

This module provides a comprehensive interpretation of The Companies Acts 2014 and relevant case law, facilitating the application of the law to various scenarios. Key areas include the procedural requirements for companies, management of a corporation, members' rights and responsibilities, dealing with insolvency, and issues around corporate governance.

1. Analyse the advantages, disadvantages and consequence of incorporation, and both draft and interpret the required documentation.
2. Evaluate the contractual capacity of a corporation and the legal protections available to third parties.
3. Identify the rights and responsibilities of members and advise as to legal remedies.
4. Evaluate the different mechanisms for raising capital and the rules of capital maintenance.
5. Appraise the effectiveness of corporate governance regulations and compare and contrast the different corporate governance regimes in the world.
6. Analyse the powers and duties of company directors and the consequences of misconduct
7. Examine the nature and consequences of company and personal insolvency.

This subject introduces learners to the subject of taxation and provides the core knowledge of the underlying principles and major technical areas of taxation, as they affect the activities of individuals and businesses. Learners are introduced to the rationale behind and the functions of the tax system. The syllabus then considers the separate taxes of Income Tax and Corporation Tax such as income tax from self-employment, employment and investments; the corporation tax liability of individual companies and groups of companies; the social insurance and universal social charges of both employed and self-employed persons.

1. Explain & compute the Income Tax payable by Individuals, both employed and self employed
2. Explain the terms Residence, Domicile and Ordinary Residence and their relevance to Income Tax
3. Advise clients on the application of the Irish Income Tax System and the procedures in place for dealing with the Revenue Commissioners
4. Explain & compute the CT payable by Companies
5. Assess the implications of the different rates of CT on various transactions
6. Explain and advise on the relevance of a Companies Tax Residence
7. Describe and apply the relevant tax legislation with respect to sub-contractors, including the operation of RCT

The Digital Business module provides students an in-depth exploration of the integral role of Information Technology (IT) and Information Systems (IS) in shaping contemporary organisations. Students will examine the transformative impact of digital collaboration, Industry 4.0, and emerging technologies on the workplace and business practices. Additionally, they will gain practical experience in using software applications to support decision-making within an organisational context.

1. Discuss the role played by IS/IT in modern organisations.
2. Evaluate new and emerging technologies and the value they can bring to the organisation.
3. Examine the growing importance of data as an organisational asset
4. Recommend approaches and strategies to address cybersecurity and privacy issues.
5. Consider ethical and environment issues with respect to digital business
6. Propose IS/IT solutions aligned to business objectives.
7. Use a spreadsheet application competently to model common business activities to support management decision making.
8. Participate in class discussions with peers and with the lecturer.

In this module the learner will build on knowledge acquired in prior financial accounting modules and develop their ability to solve practical accounting problems in an ethical manner. They will apply the reporting requirements of the IASB in the preparation of financial statements while realising the relevance of the conceptual and theoretical frameworks of accounting.

1. Evaluate the regulatory and conceptual frameworks relating to accounting and understand the standard setting process.
2. Apply technical knowledge to resolve specialised accounting issues and thereby prepare financial statements using the knowledge gained.
3. Prepare consolidated financial statements, including a statement of comprehensive income, statement of financial position, statement of cash flow, and appropriate notes to the financial statements.
4. Compute appropriate ratios and consider other indicators of an entitys health from a financial viewpoint culminating in the writing of comprehensive reports thereon.
5. Analyse the current issues facing the accounting profession and the importance of professional ethics in financial reporting.

The purpose of this module is to provide students with an understanding of the nature and scope of financial management and the financial environment. It will enable learners to apply working capital management techniques and evaluate alternative sources of business finance.

1. Describe the nature and role of financial markets and institutions
2. Critically evaluate the various sources of finance available to organisations
3. Apply ratio analysis techniques to identify issues pertinent to borrowing decisions
4. Assess the relationship between the entity (including SMEs) and providers of finance, and other issues lenders will consider in assessing loan applications
5. Critically evaluate and apply working capital techniques
6. Demonstrate critical awareness of the risk and return relationship as demonstrated under portfolio theory

This subject introduces learners to the subject of taxation of capital gains and VAT for individuals and companies. The syllabus then considers the separate taxes including what constitutes an asset or a disposal, the charge to capital gains tax, basic VAT principles and the administration of the taxation system as it relates to CGT & VAT.

1. Calculate the CGT payable by individuals and Companies.
2. Assess and advise on various reliefs available to clients to minimise their CGT exposure
3. Explain and advise on the administration procedures to be followed by the taxpayer
4. Critically examine the VAT system and prepare VAT computations
5. Advise clients on the application of VAT System and the procedures in place for dealing with the Revenue Commissioners

Strategy is increasingly important for businesses as they determine the path to follow in an increasingly difficult and dynamic environment. This module aims to provide the learners with the how, what and why of strategy development and to provide them with the ability to understand strategy at a pragmatic level.

1. Describe and discuss strategy terminology
2. Comment critically on a variety of concepts, models and techniques and theories that underpin strategy development and implementation
3. Use strategic tools and frameworks to assess and evaluate a chosen organisation
4. Recommend and defend both business and corporate strategy options for a chosen organisation
5. Examine the key organisational challenges faced in the development and implementation of strategy
6. Comment on the ethical and social responsibility considerations to be borne in mind whilst developing strategy
7. Work effectively and ethically as a team member showing the ability to take responsibility at an individual and team level
8. Participate in class discussions with peers and with the lecturer and be an effective communicator both verbally and orally

The purpose of this module is to provide students with sound analytical and critical competencies in the application of management accounting and finance techniques across a broad spectrum of key business areas.

1. Apply the principles of decision making in a wide range of contexts including the identification of relevant cash flows and their use alongside nonquantifiable factors in making balanced judgements
2. Calculate and evaluate the implications of various pricing strategies
3. Apply linear programming to resolve management accounting problems
4. Appraise modern management accounting developments
5. Calculate the cost of capital and apply it in the evaluation of capital investments
6. Compare and apply principles of business and asset valuations
7. Evaluate and apply techniques for risk management

The aims of this module are: To familiarise the learner with the regulatory framework of auditing and the principles underlying auditing. To give learners an understanding of modern auditing procedures and techniques. To provide a critical review of the role of the auditor in a modern business environment, paying particular attention to their public-interest role. To familiarise the learner with major developments in auditing concepts, and their application in practice.

1. Discuss the importance of high quality financial information to external users and describe the auditors role in providing assurance that the information provided to these users is of the highest quality.
2. Describe the parties involved in a companys corporate governance, their roles, and how auditors interact with these various parties during the audit.
3. Describe the legal and ethical challenges faced by auditors and the appropriate range of responses.
4. Explain the audit risk model and the role of various types of risk in the planning and conducting of an audit.
5. Describe how auditors plan and perform audits and how internal controls fit into the auditors responsibilities and performance of the audit.
6. Plan and perform basic audit procedures for specific management assertions related to the companys financial statements.
7. Describe the different reports auditors can give and explain the contents of each of these reports.