A basic prior knowledge of accounting is assumed: students learn how accounts are constructed and analysed, then examine the impact of various issues on the reported numbers. These include the reporting of tangible and intangible assets; continued and discontinued operations, historic costs vs fair value accounting and business combinations.
The module takes a global perspective and refers largely to the regulatory regime of the International Accounting Standards Board (IASB).
- Introduction to Financial Reporting
- Introduction to Financial Statements and Other Financial Reporting Topics
- The Balance Sheet and the Shareholder Equity
- Income Statements and Reported Income (Earnings) Quality
- Property Plant and Equipment
- Intangible Assets and Fair Value Accounting
- Liquidity of Short-Term Assets Related Debt-Paying Ability
- Financial Ratio Analysis
- The Financial Statements of Special Industries: Banks, Utilities, Oil & Gas, Transportation, Insurance and Real Estate Companies
- Group Accounts and Business Combinations
If you complete the course successfully, you should be able to:
- Comprehend the theory and practices of corporate financial reporting
- Use financial reporting theory and practices to analyse the performance of a company
- Design appropriate business policies and strategies to meet stakeholder and shareholder needs in the light of the recent changes in Financial Reporting
- Identify and evaluate financial statements
- Explain the reasoning behind the rules underpinning corporate financial reporting and the history of their development
- Describe how the rules of corporate financial reporting effect the application of standards
- Identify assumptions, evaluate statements in terms of evidence, to detect false logic or reasoning, to identify implicit values, and to define terms adequately and to generalize appropriately
- Create, evaluate and access a range of different outcomes and the ability to justify the chosen outcome.
- Numeracy and active quantitative problem solving and decision making skills (including data analysis, interpretation and extrapolation)
- The ability to interpret information based on scientific analysis
- Research skills into financial reporting issues
- Effective communication skills
- Time management skills (including effective self-management in terms of time, planning and behaviour, motivation, self-starting, individual initiative and enterprise)
- Digital and information literacy skills
This module is assessed by:
Coursework (30% weighting):
- There is one item of coursework for this module which contributes to the final assessment mark forthis module:
- Coursework: a written essay of a maximum of 2,000 or 2,500 words (deadline – weeks 9-12) The coursework is designed to check student progress, extend and reinforce concepts covered and also test individual performance.
Examination (70% weighting):
- The final piece of assessment will be an unseen written examination of 2 hours’ duration.
The following is provided as part of the course materials after you register:
- Charles H. Gibson, Financial Statement Analysis, International Edition, Cengage, 2012
- John Dunn, Financial Reporting and Analysis, Wiley, 2010