Module Overview

Group and company financial reporting 2

Module Aims: To continue to develop the students understanding of the concept and principles of a group. To provide students with a detailed knowledge of the preparation of consolidated financial statements. To discuss and apply the International Financial Reporting Standards dealing with group companies. To introduce further accounting standards and develop the application of these standards. Explain the increasing importance of understanding current issues and their implications on Financial accounting.

Module Code

ACCF H4016

ECTS Credits


*Curricular information is subject to change

Group Accounts and mechanisms for conforming with standards

Consolidated Income Statement, Consolidated Statement of Financial Position, Consolidated statement of changes in equity, Accounting for subsidiaries, Accounting for associates, Accounting for joint ventures, Related party transactions

Accounting for disposal of a subsidiary

Preparation of consolidated Financial Statements to reflect the disposal of the entire investment in a subsidiary during the accounting period.

International financial reporting standards

Study of a range of accounting standards including those dealing with the accounting treatment of foreign currency transactions, earnings per share, revenue from contracts with customers, impairment of assets and deferred tax

Current and future accounting developments

Current and likely future development in regulation and reporting

Module Content & Assessment
Assessment Breakdown %
Formal Examination70
Other Assessment(s)30