MAN-30041 - Module Specification
Keele Business School
Faculty of Humanities and Social Sciences

Programme/Approved Electives for 2024/25

Available as a Free Standing Elective

Co-requisites

None

Prerequisites

MAN-10024 Financial Accounting
MAN-20051 Intermediate Financial Accounting

Barred Combinations

None

Description for 2024/25

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.

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: 1,2
apply advanced financial analysis on the (available) information on group accounts of multinational corporations: 1,2
explain the motives and accounting techniques used for common forms of off-balance sheet finance: 1,2
relate financial reporting to the broader social and political context: 1,2
describe and evaluate the theoretical framework of accounting regulation: 1,2
critically evaluate the advanced theoretical concepts of financial reporting: 1,2

Study hours

Lectures 18 hours
Tutorials 6 hours
Private study 122.5 hours
Exam: 3.5 hours of exam assessment

School Rules

None

Description of Module Assessment