The aim of this module is to introduce students to further advanced financial accounting/reporting issues and the requirements of International Financial Reporting Standards in the more advanced areas of the preparation of single company and consolidated financial statements. It also aims to introduce students to the requirements and application of FRS 102
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.
Consolidated Cash Flow Statement and analysis
Preparation of consolidated cash flow statement including the impact of acquisition/disposal of a subsidiary.Analysis of the cash flow statement and other financial statements of a group using a range of analysis techniques.
International accounting standards
Study of a range of accounting standards including those dealing with the accounting treatment of employee benefits, share based payments, foreign currency transactions (company impact), earnings per share and segment reporting, provisions, Contingent assets and liabilities, and Events after the reporting period.
Discussion & Application requirements of FRS102
Preparation of adjustments for the impact of FRS 102 on a range of accounting issues.
| Module Content & Assessment | |
|---|---|
| Assessment Breakdown | % |
| Other Assessment(s) | 30 |
| Formal Examination | 70 |