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Unit information: Financial Reporting in 2015/16

Please note: you are viewing unit and programme information for a past academic year. Please see the current academic year for up to date information.

Unit name Financial Reporting
Unit code ACCG30012
Credit points 20
Level of study H/6
Teaching block(s) Teaching Block 4 (weeks 1-24)
Unit director Professor. Ellwood
Open unit status Not open

EFIM20001 Financial Accounting 2



School/department School of Economics, Finance and Management
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 have addressed the part played by structured entities in recent scandals and the convergence in approach to group accounting. 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 second part of the unit examines some 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 detailed knowledge of IFRS, be familiar with reporting systems in different countries and aware of the moves towards accounting harmonization;
  • 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

Lectures & tutorials

Assessment Details

summative piece due in the Jan assessment period 20%; June exam 80%

Reading and References

Alexander D, Britton A, Jorissen A, Hoogendoorn M and Carien van Mourik (2014) International Financial Reporting and Analysis ISBN 978-1-40807501-2

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