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for a past academic year. Please see the current academic year for up to date information.
| Unit name |
International Financial Accounting |
| Unit code |
ECONM2028 |
| Credit points |
15 |
| Level of study |
M/7
|
| Teaching block(s) |
Teaching Block 1 (weeks 1 - 12)
|
| Unit director |
Professor. Ellwood |
| Open unit status |
Not open |
| Pre-requisites |
None
|
| Co-requisites |
None
|
| School/department |
School of Economics, Finance and Management |
| Faculty |
Faculty of Social Sciences and Law |
Description including Unit Aims
This unit introduces the core accounting area of international financial reporting. The aims are:
- To enable students to understand and critically evaluate the published financial statements of businesses reporting under international financial reporting standards.
- To provide an appreciation of the accounting behind the financial statements, the major issues and the regulatory environment.
- To introduce students to the preparation of group accounting statements and accounting in a multinational context.
Intended Learning Outcomes
On successful completion of this unit a student will be able to:
- Demonstrate awareness of the structure of accounting regulation
- Show understanding of the IFRS conceptual framework
- Critically discuss and apply the main accounting standards
- Make accounting judgements and produce accounting statements suitable for publication
- Demonstrate how the accounting statements for groups of companies are produced
Teaching Information
Lectures and tutorials
Assessment Information
Formative assessment:
Each student prepares material for weekly tutorials. Two pieces of work are submitted for marking and feedback.
Summative assessment:
3 hour exam 100% which tests the learning outcomes specified above
Reading and References
- Melville, A. (2011), International Financial Reporting, Third Edition, FT Prentice Hall ISBN 978-0-273-75815-0
- Walton, P. and Aerts, W. (2009), Global Financial Accounting and Reporting
Second Edition South Western Cengage Learning ISBN-978-1-4080-1772-2
