Unit information: Financial Reporting in 2018/19

Unit name	Financial Reporting
Unit code	ECONM0001
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 Accounting and Finance - Business School
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

Required text

Walton, P. and Aerts, W. (2017), Global Financial Accounting and Reporting, Fourth Edition South Western Cengage Learning ISBN 978-1-4737-2952-0.

Introductory reading

McLaney, E. and Atrill, P. (2016), Accounting and Finance; An introduction, Eighth Edition, Pearson ISBN 9781292088297

Further reading

Melville, A. (2017), International Financial Reporting, Sixth Edition, Pearson ISBN: 9781292200743 Journal articles as directed in lecture and tutorial materials