MN30315: Advanced financial accounting
[Page last updated: 09 August 2024]
| Academic Year: | 2024/25 |
| Owning Department/School: | School of Management |
| Credits: | 6 [equivalent to 12 CATS credits] |
| Notional Study Hours: | 120 |
| Level: | Honours (FHEQ level 6) |
| Period: |
|
| Assessment Summary: | CW 40%, EX 60% |
| Assessment Detail: |
|
| Supplementary Assessment: |
|
| Requisites: | Before taking this module you must take MN20018 |
| Learning Outcomes: |
At the end of this module students will be able to:
* apply and critically evaluate alternative accounting techniques for consolidating financial statements, changing prices, cash flow, financial instruments and leases; * explain the role of financial accounting as a means to resolve conflict among contracting parties and to apply this understanding to evaluate the financial reporting requirements of organizations; * understand the relationship between accounting information and capital markets and highlight this relationship by reference to empirical evidence; * discuss current debates and issues in financial accounting. |
| Aims: | The aim is to provide students with an understanding of selected key topics in accounting for the transactions of groups of companies and to provide a basis for evaluating alternative accounting methods. Develop a critical understanding of the role of accounting in capital markets and in resolving conflicts between contracting parties. |
| Skills: | Intellectual Skills
* the ability to appropriately apply a framework of rules, regulations and principles to financial information; TFA * the ability to interpret financial information; TFA * the ability to identify issues of controversy in financial accounting and discuss them. TFA Professional Practical Skills * the ability to prepare financial reporting information in a form suitable for publication in compliance with regulatory requirements; TFA * the ability to analyse financial information and draw business-relevant conclusions; TFA * sensitivity to potential accounting issues deriving from future developments in business practice and transactions. FA Transferable/Key Skills * the ability to manipulate financial data to achieve a specified objective in accordance with rules, regulations and principles. FA Personal/Interpersonal * the ability to communicate relatively complex financial information in a form understandable to users of such information. FA |
| Content: | Business Combinations and Consolidated Financial Statements
Consolidated Balance Sheet Consolidated Income Statement Associates Joint Ventures Economic Concepts of Income: ex ante; ex post & windfalls Accounting for Changing Price Levels Cash Flow Accounting Financial Instruments Leases Accounting and capital markets. |
| Course availability: |
MN30315 is Optional on the following courses:School of Management
|
Notes:
|