ACC-20007 - Module Specification
Keele Business School
Faculty of Business, Law, Humanities & Social Sciences

Programme/Approved Electives for 2026/27

Available as a Free Standing Elective

Co-requisites

None

Prerequisites

None

Barred Combinations

None

Description for 2026/27

Building on previous knowledge this module will focus on Financial Accounting for larger companies with requirements to comply with International Financial Reporting Standards (IFRS) and International GAAP. Detailed study of key accounting standards will support understanding of strict reporting requirements and disclosures as the complexity of preparing financial statements increases. You will progress to prepare Group/consolidated financial statements (parent, subsidiary, associate) with required workings. Other key areas such as interpretation, off balance sheet finance, green reporting will also be studied. As part of this module, we will work with local companies to look at financial reporting in practice.

This module aims to provide students with a thorough understanding of accounting regulation and its purpose in promoting transparent and reliable financial reporting. It focuses on the application of accounting rules, regulations, and standards in the preparation of financial statements, including detailed workings and disclosure notes, for inclusion in published accounts.
Students will develop the skills needed to prepare full financial statements for single entities and consolidated group companies, ensuring technical accuracy and compliance with professional standards. The module combines applied and theoretical concepts, equipping students with a balanced approach to both practical and analytical challenges in accounting.
In addition, the module is designed to provide the knowledge and skills required to perform effectively in professional examinations, supporting students in securing exemptions from the syllabi of recognised accounting bodies. Finally, it seeks to enhance a range of transferable skills, such as critical thinking, attention to detail, and effective communication, which are essential for professional and academic development.

Intended Learning Outcomes

evaluate the theoretical framework of accounting regulation, to include accounting for small and medium sized enterprises (SMEs) and sustainability standards: 1
apply accounting standards to a wide range of business financial situations to support faithful representation: 1
apply theoretical principles of financial reporting to prepare non-group financial statements for publication in accordance with International Financial Reporting Standards (IFRS): 1
prepare group financial statements involving the consolidation of subsidiaries and an associate undertaking using relevant accounting standards: 2
interpret financial statements with focus on both financial and non-financial considerations: 2
appraise earnings per share in line with the relevant accounting standard with consideration for a range of new share issues and debt: 2

Study hours

Class Time = 48 hours
As a single semester 30 credit module there will be four hours of contact time per week. Class time will be a combination of large group lecture delivery, supported by smaller group tutorial/workshop classes.
Independent study = 252 hours
To include reading, question practice, revision and scheduled assessments.

School Rules

None

Description of Module Assessment