Unit information: Advanced Financial Reporting in 2021/22

Unit name	Advanced Financial Reporting
Unit code	EFIM30033
Credit points	20
Level of study	H/6
Teaching block(s)	Teaching Block 1 (weeks 1 - 12)
Unit director	Mrs. Sam Bell
Open unit status	Not open
Pre-requisites	EFIM20007 Financial Accounting
Co-requisites	None
School/department	School of Accounting and Finance - Business School
Faculty	Faculty of Social Sciences and Law

Description including Unit Aims

The first part of the unit builds on group accounting and introduces more complex structures. We examine how standard setters converged in the approach to group accounting and addressed areas that played a part in recent scandals. We then take a closer look at accounting theory and perspectives of financial reporting including corporate social reporting and accounting for non profit entities. The latter part of the unit examines further advanced accounting issues (e.g. deferred tax and financial instruments) and considers how financial reporting information is used.

Intended Learning Outcomes

On successful completion the students will:

• understand advanced accounting issues such as complex structures, financial instruments and deferred tax and how they are addressed by standard setters;

• have a good understanding of the purpose and theoretical underpinning of financial reporting and its use;

• be able to display an awareness of earnings management and the need for regulation;

• understand the role of conceptual frameworks and the different approaches to value measurement including fair value;

• be able to evaluate the accounting approaches for public benefit entities and related issues; and

• be able to explain approaches to corporate social and environmental accounting.

Teaching Information

Teaching will be delivered through a combination of synchronous and asynchronous sessions including lectures, tutorials, drop-in sessions, discussion boards and other online learning opportunities

Assessment Information

This unit will be assessed by coursework 30% and exam 70%

Resources

If this unit has a Resource List, you will normally find a link to it in the Blackboard area for the unit. Sometimes there will be a separate link for each weekly topic.

If you are unable to access a list through Blackboard, you can also find it via the Resource Lists homepage. Search for the list by the unit name or code (e.g. EFIM30033).

How much time the unit requires
Each credit equates to 10 hours of total student input. For example a 20 credit unit will take you 200 hours of study to complete. Your total learning time is made up of contact time, directed learning tasks, independent learning and assessment activity.

See the Faculty workload statement relating to this unit for more information.

Assessment
The Board of Examiners will consider all cases where students have failed or not completed the assessments required for credit. The Board considers each student's outcomes across all the units which contribute to each year's programme of study. If you have self-certificated your absence from an assessment, you will normally be required to complete it the next time it runs (this is usually in the next assessment period).
The Board of Examiners will take into account any extenuating circumstances and operates within the Regulations and Code of Practice for Taught Programmes.