| 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 |
| Pre-requisites |
EFIM20001 Financial Accounting 2 |
| Co-requisites |
None |
| 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. The diversity across financial reporting systems is examined and the move towards harmonization. We then take a closer look at accounting theory and perspectives of financial reporting before concluding with some advanced accounting issues (e.g. deferred tax and financial instruments).
Elliott & Elliott (2012) Financial Accounting and Reporting, Fifteenth Edition, FT Prentice Hall ISBN 0-273-76088-2
Supplemented by readings (academic journals, material produced by professional bodies and standard setters plus copies of published accounting statements).
