The aim of this intermediate accounting module is to build on the techniques and understanding previously introduced to students, and to develop an ability to apply knowledge, evaluate financial reporting topics, and to understand and analyse financial reporting information in the context of an international regulatory environment.
Financial Reporting Frameworks:
- Framework for the preparation and presentation of financial statements.
- Regulatory framework including local GAAP.
- International standard setting process.
International Financial Reporting Standards:
- Presentation of financial statements.
- Property, plant and equipment.
- Impairment of non-current assets.
- Investment properties.
- Intangible assets.
- Government grants.
- Reporting financial performance.
- Provisions, contingent liabilities and contingent assets.
- Events after the reporting period.
- Basic earnings per share.
- Current taxation.
Financial Statements:
- Preparation of financial statements, including Statements of Cash Flows of single entity companies for publication in accordance with the requirements of company law and International Financial Reporting Standards.
Consolidated Financial Statements:
- The need for consolidated financial statements.
- Basic consolidated Statement of Financial Position for a company with one subsidiary.
Analysis and Interpretation of Financial Statements:
- Calculation of accounting ratios.
- Interpretation of accounting ratios.
- Uses and limitations of accounting ratios.
The module will be delivered through a combination of lectures and tutorials. Problem solving of previously assigned and new problems will take place in both lectures and tutorials. Students will be encouraged to participate in problem solving and class discussion. Lectures and tutorials will be supplemented with notes and practice questions online.
| Module Content & Assessment | |
|---|---|
| Assessment Breakdown | % |
| Formal Examination | 70 |
| Other Assessment(s) | 30 |