Course Details in 2023/24 Session

Module Title	LI Financial Reporting
School	Birmingham Business School
Department	Accounting
Module Code	07 33175
Module Lead	Stephanie Tiller
Level	Intermediate Level
Credits	20
Semester	Semester 2
Pre-requisites	LC Financial Accounting and Accountability - (07 32179)
Co-requisites
Restrictions	None
Contact Hours	Lecture-44 hours Practical Classes and workshops-16 hours Guided independent study-140 hours Total: 200 hours
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 cashflow 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.
Assessment	33175-01 : 1500 Word Report : Coursework (50%) 33175-02 : 3 hour Exam : Exam (Centrally Timetabled) - Written Unseen (50%)
Assessment Methods & Exceptions	Assessment: 1500 words assignment based on a set of annual reports (50%); 3 hour examination (50%).
Other
Reading List