|Prerequisites for Module|
To have passed the relevant first and second year modules or equivalent.
Aims of Module
To prepare, analyse and interpret consolidated financial statements. To discuss and apply relevant issues within complex areas of financial accounting.
Learning Outcomes for Module
On completion of this module, students are expected to be able to:
||Prepare single company and group consolidated financial statements.|
||Explain the principles of accounting for capital schemes and foreign exchange rate changes.|
||Discuss accounting principles considering their relevance to contemporary accounting issues and discuss and evaluate developments in financial and non-financial reporting.|
||Produce a ratio analysis from financial statements and evaluate performance and position.|
||Produce clear and concise written communication through coursework activities.|
Indicative Module Content
Group financial statements – group consolidated financial statements, minority interest, joint venture, capital reconstruction, foreign currency, foreign investment.
Issues in recognition and measurement – asset valuation, substance over form, financial instruments, pension scheme valuation.
|Analysis and interpretation of financial accounts – ratio analysis, segmental analysis, limitations of analysis. |
Developments in external reporting.
Indicative Student Workload
|Virtual tutorials and workshops||30|
|Directed question practice||40|
|Directed research and reading||134|
Mode of Delivery
The mode of delivery is Distance Learning - with a focus on the use of interactive online activities such as forums and chat rooms.
||Learning Outcomes Assessed|
|Component 1 ||1,2,3,4|
|Component 2 ||3,4,5|
Component two consists of a range of assessment types (20%).
Component one is the CIMA management level exam (80%).
|1.||Core module material provided, includes material from CIMAstudy.com, published by CIMA and Elsevier.|
|2.||ATRILL, P., 2009. Financial management for decision makers. 5th ed. Harlow: FT/Prentice Hall. (ebook)|
|3.||ELLIOTT, B. and ELLIOTT, J., 2009. Financial accounting and reporting. 13th ed. Harlow: FT/Prentice Hall.(ebook)|
|4.||Guided and timely sources of literature available from the University library according to the subject matter under consideration.|