This module deals with the preparation and analysis of financial statements at an advanced level and considers the regulatory framework under which they are prepared.
A. Accounting Standards:
Introduction to the Standard setting process. Consideration of current developments.
B. Preparation of accounts in accordance with published accounting rules and Company Law
Preparation of accounts in accordance with the requirements of the Companies Acts and International Financial Reporting Standards.• Classes of Capital and the issue of shares and debentures.• Redemption of shares and debentures.
C. Conceptual Framework for Financial Reporting
The need for a conceptual framework
D. Regulatory framework of accounting
Concepts, statutory and professional regulation
E. Interpretation and anaysis of financial statements
Calculation of financial ratios at an advanced level focusing on profitability, gearing and solvency
F. Developments in financial reporting
Current and likely future developments in regulation and reporting
| Module Content & Assessment | |
|---|---|
| Assessment Breakdown | % |
| Formal Examination | 70 |
| Other Assessment(s) | 30 |