20 credits at level HE6
The aims of this module are:
•To enable students to extend the knowledge and understanding achieved in Financial Accounting
•To introduce and develop further aspects of financial accounting with respect to the regulatory framework and the application of this to financial reporting.
Accounting standards and the standard-setting process.
Detailed content of a range of standards.
Company Law and disclosure requirements.
Preparation of financial statements in accordance with the regulatory framework.
Preparation of consolidated financial statements.
Lectures will be used for the formal dissemination of underpinning knowledge.
Seminars/tutorials will be held to allow students to participate in practical work and collaborative discussion.
Background Reading 38
Preparation for seminar/tutorials 40
Coursework assignment 20
Exam preparation 60
when you have successfully completed this module you will:
to demonstrate that you have achieved the learning outcome you will:
|1.||Interpret and apply accounting standard requirements in the preparation of financial statements.
Interpret and apply accounting standards in the preparation of financial statements.
Demonstrate the ability to apply specific standards to given situations.
|2.||Prepare consolidated financial statements.||Prepare the final accounts for groups of companies.|
|3.||Alter/re-organise the capital structure in accordance with requirements of various scenarios.
||Deal with situations which may require changes to the capital structure of an organisation.|
Your achievement of the learning outcomes for this module will be tested as follows:
|Description||Assignment 2500 words||3 hours closed book examination|
Before taking this module you must have successfully completed the following:
No restrictions apply.
All current editions:
Alexander & Britton, “Financial Reporting”, Thompson Learning
Lewis & Pendrill, “Advanced Financial Accounting”, FT Prentice Hall
Elliott & Elliott, “Financial Accounting & Reporting”, FT Prentice Hall
Glautier & Underdown, “Accounting Theory & Practice”, FT Prentice Hall
Blake & Lunt, “Accounting Standards”, FT Prentice Hall
Sutton, “Corporate Financial Accounting and Reporting”, FT Management
Accounting & Business Research
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