Programme/Approved Electives for 2023/24
None
Available as a Free Standing Elective
No
MAN-10024 Financial AccountingMAN-20051 Intermediate Financial Accounting
The module is designed as an advanced study of financial accounting considering international financial reporting. The module provides students with the knowledge and skills to apply current accounting standards, and critically appraise the underlying concepts and financial reporting methods. Students will also acquire knowledge and understanding of the complex theoretical frameworks applied in the financial reporting. The module uses a combination of lectures and tutorials, formative and summative assessment to develop a range of transferable abilities and skills: reflective, critical and analytic abilities, essay writing, problem solving and accounting research skills.
Aims
The module is an advanced study of corporate financial reporting and it aims:- to provide students with the thorough knowledge and ability to prepare group financial statements in accordance with the principles of International GAAP (Generally Accepted Accounting Principles) and the relevant IASs (International Accounting Standards) and IFRSs (International Financial Reporting Standards);- to describe and explain off-balance sheet finance schemes;- to advance the knowledge of interpretation of financial statements;- to familiarise students with the theoretical and conceptual issues of accounting standard setting process;- to discuss and explore the advanced theoretical concepts in financial accounting;- to provide adequate knowledge and skills to obtain exemptions from the syllabus of the chartered accounting bodies.
Intended Learning Outcomes
apply theoretical and technical knowledge of financial reporting to the preparation of group financial statements in accordance with International Generally Accepted Accounting Principles (GAAP) including consolidation of subsidiaries and associates: 1,2apply advanced financial analysis on the (available) information on group accounts of multinational corporations: 1,2explain the motives and accounting techniques used for common forms of off-balance sheet finance: 1,2relate financial reporting to the broader social and political context: 1,2describe and evaluate the theoretical framework of accounting regulation: 1,2critically evaluate the advanced theoretical concepts of financial reporting: 1,2
Lectures 18 hoursTutorials 6 hoursPrivate study 122.5 hoursExam: 3.5 hours of exam assessment
Description of Module Assessment
1: Exam weighted 40%90 minute computer based assessment including problem solving exercises and short essaysMid term computer based assessment: Assessment 1 is a 90-minutes computer-based assessment which is undertaken within controlled conditions (invigilated and time constrained). A range of questions relating to the material covered. Automatic submission will take place at the end of the allocated time.
2: Exam weighted 60%120 minute exam - time constrained and invigilatedExamination (Exam): An opportunity for students to apply their knowledge and/or understanding under invigilated conditions (2 hours). All examinations should take place on campus. All examinations should be scheduled centrally by Student Records and Exams.