School of Management, Unit Catalogue 2011/12 |
|
 Credits:
| 6 |
| Level:
| Masters UG & PG (FHEQ level 7) |
| Period: |
Semester 1 |
| Assessment:
| CW 25%, EX 75% |
| Supplementary Assessment: | Like-for-like reassessment (where allowed by programme regulations) |
| Requisites:
| |
| Description:
| Aims: The aim of this unit is to provide students with an introduction to selected specialist topics in preparing financial statements of listed companies in accordance with the requirements of international accounting standards and set them in context of current accounting theory. Learning Outcomes: At the end of this unit students will be able to: 1. prepare financial statements for listed enterprises in accordance with the requirements of International Accounting Standards and International Financial Reporting Standards; 2. evaluate the needs, benefits and problems of social and environmental reporting; 3. prepare interim financial reports and assess the requirements, benefits and drawback of doing so; 4. relate current accounting standards to accounting theory and critically comment on those standards. 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 Professional Practical Skills * the ability to prepare financial reporting information in a form suitable for publication in compliance with regulatory requirements; TFA * sensitivity to tax and audit issues. 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 represent business activities as financial information in a form understandable to users of such information. FA Content: 1. Social and environmental reporting 2. Accounting of leases 3. Accounting of financial instruments 4. Interim financial reporting 5. Normative and positive accounting theory. |
| Programme availability: |
MN50318 is a Designated Essential Unit on the following programmes:School of Management
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