Advanced Financial Reporting - MAN00001H

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Module will run

Occurrence	Teaching period
A	Autumn Term 2022-23

Module aims

This module covers an advanced understanding of financial reporting techniques together with an understanding of emerging issues and debates within financial reporting. Students must have studied the year two module Financial Management and Financial Reporting as a prerequisite, and the year one modules in Financial Accounting and Management Accounting.

Module learning outcomes

• Understand and critically asses the regulatory environment in which companies operate
• Understand, apply and critically asses financial reporting techniques at an advanced level
• Understand, apply and critically assess a selection of international financial reporting standards
• Understand, apply and critically asses financial statements prepared under alternative accounting conventions
• Critically assess topical issues in financial reporting

Module content

• Advanced group accounts

• Accounting principles

• Accounting regulation

• The economic consequences of accounting

• Accounting for intangibles, research and development and goodwill

• Accounting for construction contracts

• Substance over form

• Alternatives to historic cost accounting

• Shared Based Payment

• Financial Instruments

Indicative assessment

Task	% of module mark
Closed/in-person Exam (Centrally scheduled)	100

Special assessment rules

None

Indicative reassessment

Task	% of module mark
Closed/in-person Exam (Centrally scheduled)	100

Module feedback

Module assessment reports to students are written by the module leader for all assessments (open and closed) and placed on the VLE after the Board of Examiners has received the module marks.

The timescale for the retrun of feedback will accord with School policy.

Indicative reading

Elliot, B & Elliot, J: Financial Accounting and Reporting: FT Prentice Hall