ACC40380 Financial Reporting

Academic Year 2021/2022

Financial reporting in concerned with reporting information to external parties, primarily investors. It is one of the primary means of communication between a company and its investors and a lynchpin of corporate governance, subject to legal, accounting and stock exchange regulations.
This module addresses various aspects of financial reporting from the perspective of the average investor, focussing on the governance mechanisms that enhance the quality of financial reports together with a detailed understanding of the content of annual reports.
This module has a strong applied element with particular emphasis on the three key aspects as to how information appears in financial reports: (i) accounting for transactions; (ii) presenting financial information; (iii) disclosure of information.

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Curricular information is subject to change

Learning Outcomes:

After completing this module, student should be able to:
1. Prepare financial statements in a format suitable for publication, and in this way be able to understand and read such primary financial statements with an appreciation of the information and insights they provide
2. Understand the additional disclosures in, and to, published income statements as required by international accounting standards and, as such, understand better the ways in which companies report financial performance.
3. Appreciate some theoretical and conceptual aspects of financial reporting and the corporate governance mechanisms that enhance the quality of financial information and some of the current debate surrounding such issues.

Indicative Module Content:

Financial reporting in concerned with reporting information to external parties, primarily investors. It is one of the primary means of communication between a company and its investors and a lynchpin of corporate governance, subject to legal, accounting and stock exchange regulations.
This module addresses various aspects of financial reporting from the perspective of the average investor, focussing on the governance mechanisms that enhance the quality of financial reports together with a detailed understanding of the content of annual reports.
This module has a strong applied element with particular emphasis on the three key aspects as to how information appears in financial reports: (i) accounting for transactions; (ii) presenting financial information; (iii) disclosure of information.

Student Effort Type Hours
Lectures

24

Small Group

1

Specified Learning Activities

48

Autonomous Student Learning

53

Total

126

Requirements, Exclusions and Recommendations

Not applicable to this module.


Module Requisites and Incompatibles
Not applicable to this module.
 
Assessment Strategy  
Description Timing Open Book Exam Component Scale Must Pass Component % of Final Grade
Class Test: Short Question Quiz Week 5 n/a Standard conversion grade scale 40% No

15

Examination: End of Trimester Exam 2 hour End of Trimester Exam No Standard conversion grade scale 40% No

65

Assignment: Group Assignment Week 10 n/a Standard conversion grade scale 40% No

20


Carry forward of passed components
No
 
Resit In Terminal Exam
Spring Yes - 2 Hour
Feedback Strategy/Strategies

• Group/class feedback, post-assessment

How will my Feedback be Delivered?

Not yet recorded.

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