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Module Title
LI Financial Reporting
School
Birmingham Business School
Department
Accounting
Module Code
07 31816
Module Lead
Julie McDonald
Level
Intermediate Level
Credits
20
Semester
Semester 2
Pre-requisites
Co-requisites
Restrictions
None
Exclusions
Description
The module builds on the introductory bookkeeping and financial accounting concepts students developed in introductory module(s). This module introduces theoretical and practical topics required for advanced financial reporting.
The module will cover the following topics in respect of financial reporting for UK corporate bodies; the regulatory framework; the reporting entity including accounting for groups; reporting financial performance; accounting for tangible and intangible assets; accounting for government grants accounting for inventories; accounting for tax; accounting for provisions; preparation of the statement of profit or loss and other comprehensive income, statement of changes in equity, statement of financial position and statement of cash flow for a single entity.
On completion of the module students will be able to prepare and appraise the financial statements of an entity.
Learning Outcomes
By the end of the module, students should be able to:
Describe and evaluate the historical, conceptual and regulatory framework of UK financial reporting;
Prepare, in accordance with IFRS, the financial statements of a group of companies including subsidiary; and associate.
Explain and critically evaluate accounting for tangible and intangible assets, inventories, tax, provisions and the reporting of financial performance.
Explain the information in published financial reports
Prepare in accordance with IFRS the statement of profit or loss and other comprehensive income, statement of changes in equity, statement of financial position and statement of cash flow for a single entity.