AFM2100 : Assurance and Tax
- Offered for Year: 2025/26
- Module Leader(s): Mr Aidan Beck
- Lecturer: Mrs Helen Currie
- Owning School: Newcastle University Business School
- Teaching Location: Newcastle City Campus
Semesters
Your programme is made up of credits, the total differs on programme to programme.
| Semester 1 Credit Value: | 20 |
| ECTS Credits: | 10.0 |
| European Credit Transfer System | |
Aims
- To ensure that students understand the assurance process and fundamental principles of ethics, and are able to contribute to the assessment of internal controls and gathering of evidence on assurance work.
- To calculate income tax, national insurance contributions, capital gains tax, inheritance tax, corporation tax, VAT and stamp taxes in straightforward scenarios.
Outline Of Syllabus
Assurance:
1. The concept, process and need for assurance
2. Risk, internal controls and information flows
3. Obtaining assurance evidence
4. Professional ethics and regulatory issues
Tax:
1. Personal and business tax fundamentals
Teaching Methods
Teaching Activities
| Category | Activity | Number | Length | Student Hours | Comment |
|---|---|---|---|---|---|
| Scheduled Learning And Teaching Activities | Lecture | 15 | 2:00 | 30:00 | Assurance lectures |
| Guided Independent Study | Assessment preparation and completion | 1 | 77:00 | 77:00 | N/A |
| Scheduled Learning And Teaching Activities | Lecture | 5 | 2:00 | 10:00 | Tax lectures |
| Scheduled Learning And Teaching Activities | Small group teaching | 6 | 1:00 | 6:00 | 4 assurance seminars and 2 tax seminars |
| Guided Independent Study | Independent study | 1 | 77:00 | 77:00 | N/A |
| Total | 200:00 |
Teaching Rationale And Relationship
Lectures are the main mode of delivery for the module and introduce the course material to students. Students are given additional reading and question practice to complete as self-study to deepen their knowledge and understanding of the topics. The seminar sessions consolidate the course material by allowing students to attempt, discuss and debrief questions in a smaller group environment, where the seminar leader is available to provide explanations.
In semester 2 students will sit the ICAEW Fundamentals Case Study which requires a knowledge and understanding of assurance and tax fundamentals. Therefore, this module will be completed in semester 1.
Assessment Methods
The format of resits will be determined by the Board of Examiners
Exams
| Description | Length | Semester | When Set | Percentage | Comment |
|---|---|---|---|---|---|
| Written Examination | 150 | 1 | A | 100 | Arranged inhouse by NUBS education team - December |
Formative Assessments
Formative Assessment is an assessment which develops your skills in being assessed, allows for you to receive feedback, and prepares you for being assessed. However, it does not count to your final mark.
| Description | Semester | When Set | Comment |
|---|---|---|---|
| Written Examination | 1 | M | Assurance mock exam. |
| Prob solv exercises | 1 | M | Q and A homework set and self-marked (tax element). |
Assessment Rationale And Relationship
The assessment is a 2.5 hour unseen written examination at the end of semester one. The assurance examination will assess knowledge and understanding as well as relevant cognitive and professional skills. Its use also meets ICAEW’s Certificate Level examination requirements. Further, because students sit the ICAEW Fundamentals Case Study in semester 2, a knowledge and understanding of assurance and tax fundamentals is required.
If students are eligible to a second attempt resit will be an exam and the resit calculation will be based 100% on the completed exam.
Reading Lists
Timetable
- Timetable Website: www.ncl.ac.uk/timetable/
- AFM2100's Timetable