This module aims to develop students understanding of financial reporting to an advanced level by building upon the knowledge and skills gained in earlier financial reporting modules.  Complex IFRS on topics such as share based payments and deferred tax will be looked at.
This module also aims to develop students consolidated accounting skills by looking at complex business combinations.
This module also aims to develop an understanding of financial statement analysis using financial reporting and business strategy skills developed in this and earlier modules.
This module aims to give students an appreciation of the ethical and professional issues an accountant may face in practice and develop an understanding of how to deal with those issues.

(LO1) Students will be able to prepare and evaluate single company financial statements, or extracts thereof, in accordance with IFRS for complex transactions.

(LO2) Students will be able to account for complex business combinations in accordance with International Accounting Standards.

(LO3) Students will be able to analyse and interpret financial statements and other financial information and draw appropriate conclusions.

(LO4) Students will learn to appraise ethical, CSR and professional issues for an accountant undertaking work in corporate reporting and recommend courses of action.

(S1) Problem solving skills

(S2) Numeracy

(S3) Commercial awareness

(S4) Organisational skills

(S5) Communication skills

(S6) International awareness

(S7) Lifelong learning skills

(S8) Ethical awareness

Teaching Method: Lecture
Scheduled Directed Student Hours: 18
Attendance Recorded: Yes
Notes: 9 x 2 hour

Teaching Method: Seminar
Scheduled Directed Student Hours: 3
Attendance Recorded: Yes

Teaching Method: Labs
Scheduled Directed Student Hours: 1
Attendance Recorded: No

Self-Directed Learning Hours: 128

Costs Information:
There is no incremental cost burden placed on students by taking this module. We do recommend that students buy a copy of the core textbook, but this is not a mandatory requirement.

Skills/Other Attributes Mapping

Skills / attributes: Ethical awareness
How this is developed: The ethical and professional issues faced by accountants will be discussed
Mode of assessment (if applicable): Examination

Skills / attributes: Lifelong learning skills
How this is developed: This module forms a good basis for professional accounting exams. Students will be encouraged to keep up with acco unting standards as they change rapidly and it is important for a professional accountant to maintain good continuing professional development
Mode of assessment (if applicable)

Skills / attributes: International awareness
How this is developed: The accounting standards that we look at are International Financial Reporting Standards (IFRS) and the concepts that we look at can be applied to international business.
Mode of assessment (if applicable): Examination

Skills / attributes: Communication skills
How this is developed: The coursework requires both a report and presentation slides to be submitted. Both of these assessments will require good communication skills.
Mode of assessment (if applicable): Coursework

Skills / attributes: Organisational skills
How this is developed: The coursework will require both a report and presentation slides to be submitted. The way work is organised and presented your work will be assessed. Time management is an essential skill that needs to be exercised on this module to do well in the different assessments.
Mode of assessment (if applicable): Coursework

Skills / attributes: Commercial awareness
How this is developed: The coursework will require students to look at annual reports of UK listed companies and discuss issues that arise from those reports.
Mode of assessment (if applicable): Coursework

Skills / attributes: Numeracy
How this is developed: As this is an accounting module numeracy is a key skill that is needed and integral to the module.
Mode of assessment (if applicable): Examination

Skills / attributes: Problem solving skills
How this is developed: Scenario based questions will be given that look at complex business transactions. Skills will be developed of how to deal with those problems.
Mode of assessment (if applicable)

Analysing and interpreting financial statements;
Limitations of financial statements and interpretation technique;
IFRS 8 Operating Segments;
IAS 33 Earnings Per Share (including diluted EPS);
Advanced Group Accounting to include:
· Complex Group Structures
· Piecemeal Acquisitions
· Overseas Groups
IAS 12 Income Taxes (Deferred Tax);
IAS 19 Employee Benefits;
IFRS 2 Share Based Payments;
Current Issues in Corporate Reporting.