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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

EFIM20007 Financial Accounting



School/department School of Accounting and Finance
Faculty Faculty of Social Sciences and Law


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 details

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 Details

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


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