Unit information: Advanced Financial Reporting in 2019/20

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	Professor. Ellwood
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

23 Lectures

9 Classes

Assessment Information

Summative assessment

Coursework (20%) 3000 words max

Exam (80%) 3 hours

These assessments will address all of the learning outcomes.

Reading and References

Alexander D, Britton A, Jorissen A, Hoogendoorn M and Carien van Mourik (2017) International Financial Reporting and Analysis ISBN:978-1-4737-2545-4

Supplemented by readings (academic journals, material produced by professional bodies and standard setters plus copies of published accounting statements).