Course Details in

Module Title	LH Advanced Financial Reporting
School	Birmingham Business School
Department	Accounting
Module Code	07 24739
Module Lead	N. Rowbottom
Level	Honours Level
Credits	20
Semester	Semester 1
Pre-requisites
Co-requisites
Restrictions	As a compulsory module: BSc. Accountancy
Exclusions
Description	The aim of this module is to develop a thorough understanding of and the ability to apply appropriate principles in accounting for transactions and events using International Financial Reporting Standards. The module also covers the preparation and construction of final financial statements for both an individual company and groups, including relevant disclosure notes. Coverage of the key differences between International and UK Accounting Standards is also provided.
Learning Outcomes	By the end of the module students should be able to: Apply generally accepted accounting principles Recommend the appropriate accounting treatment under International Financial Reporting Standards to account for specific transactions Prepare journal entries, with supporting calculations, to record a range of transactions in accordance with any relevant guidance on accounting treatment Compare International Financial Reporting Standards and UK Standards in the context of convergence Advise on how certain issues may be dealt with under UK Accounting Standards Construct primary financial statements for an individual company Construct primary financial statements for a Group Construct appropriate disclosures for inclusion within the annual report and accounts Explain the accounting requirements relating to small and medium-sized entities Prepare accurate solutions, in an appropriate format, to accounting issues presented Advise, with reference to the accounting standards, on the most appropriate accounting treatment for a given situation Appraise a given situation identifying what matters require to be accounted for and/or corrected Prepare financial statements that contain sufficient information and disclosures to satisfy regulatory requirements specific to the size and nature of an entity Advise on suggested practise with reference to regulatory requirements, and recommending alternatives where available Research accounting matters with reference to International Financial Reporting Standards Advise on key current developments within the accounting profession that may have implications for a given situation Apply recognition and measurement principles to specific financial statement items to prepare financial statements
Assessment	24739-01 : Exam taken with ICAS : Exam (School Arranged) - Written Unseen (100%)
Assessment Methods & Exceptions	Assessments: A written examination of 2 x 2 ¼ hour papers.
Other
Reading List