Prerequisites for Module
To have passed the relevant first and second year modules or equivalent.
Corequisite Modules
None.
Precluded Modules
None.
Aims of Module
To prepare, analyse and interpret financial statements of organisations and groups. It includes understanding how to effectively sourcing long term finance required to fund the operations of organisations.
Learning Outcomes for Module
On completion of this module, students are expected to be able to:
| 1. |
Discuss types and sources of long-term finance for an incorporated entity and calculate a weighted average cost of capital (WACC) for an incorporated entity.
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| 2. |
Produce consolidated primary financial statements, incorporating accounting transactions and adjustments, in accordance with relevant international accounting standards, in an ethical manner.
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| 3. |
Demonstrate the impact on the preparation of the consoidated financial statement of certain complex group scenarios and discuss the need to and nature of disclosure of transactions between related parties and produce the disclosures for earnings per share.
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| 4. |
Evaluate the financial performance, financial position and financial adaptability of an incorporated entity and discuss the limitations of ratio analysis.
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| Indicative Module Content
As per the CIMA F2 2015 Syllabus.
Indicative Student Workload
Contact Hours
| Distance Learning | Assessment
| 2 | Virtual lectures, tutorials and workshops
| 15 |
Directed Study
| | Assessment preparation
| 40 | Directed question practice
| 30 | Directed research and reading
| 13 |
Private Study
| | Private study
| 100 |
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.
Assessment Plan
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Learning Outcomes Assessed
| | Component 1 | 1,2,3,4
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Component one is the CIMA F2 Management level exam.
Indicative Bibliography
| 1. | ELLIOTT, B. AND ELLIOTT, J., 2017. <I> Financial Accounting and Reporting.</I> 18th edition. Pearson Publishing, Cambridge.
| | 2. | KAPLAN, 2019. CIMA Complete Text: F2 Advanced Financial Reporting. Kaplan Publishing, Berkshire.
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Additional Notes
Core module material is provided online and comprises material from CIMAstudy.com, published by CIMA and Kaplan.
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