Advanced Financial Accounting

Description

If you ask someone what financial reporting means, a standard answer would normally be "telling someone how much money a company made". But how does that money get measured? And what is allowed and (perhaps) not allowed? In this module, you'll build on your initial studies in financial accounting – both Introduction to Financial Accounting (ACCU9A1) and External Reporting (ACCU9A4) – to learn how to produce more complex sets of financial reports. As this module is accredited by the professional accounting bodies, you will study: how to construct group and consolidated accounts; the problems of calculating the fair value of a company's assets and liabilities, and how to review historic values; how companies show additional information in their financial reports; the issues surrounding a true and fair view of a set of financial reports. Location/Method of Study Stirling, On Campus/On Campus, UK Module Objectives n/a n/a n/a n/a n/a n/a n/a Additional Costs There are no additional costs associated with this Module. Core Learning Outcomes On successful completion of the module, you should be able to: demonstrate a comprehensive command of accounting theory and practice as applied to real-world scenarios; critically discuss advanced concepts relating to the long-term assets and liabilities of a business entity; construct complex financial statements and interpret them providing appropriate notes and disclosures relevant to a range of business contexts. Introductory Reading and Preparatory Work Alexander, D, Britton, A, Jorissen,A, Hoogendoorn, M and van Mourik, C, International Financial Reporting and Analysis (7th ed), (Cengage Learning, 2017). Delivery Independent Study Hours 168 hours Independent activities required to complete the module Total Study Time 200 hours Attendance Requirements Your engagement with the learning content, any live sessions, and offline collaboration and task completion is extremely important. Full engagement in your studies will enable you to get the most out of the course and help you perform at your best when it comes to assessment. We expect you to engage with all aspects of this module and with your programme of study. Engagement in online and digital learning provides a range of monitoring indicators and analytics to the module staff. We will use these throughout the semester to help identify those students who have limited participation so that we can provide appropriate support and guidance. It is therefore essential that you: Engage with all sessions outlined in the timetable of activity provided in this module Actively participate in the formative tasks set in the module and work through the content provided in full Prepare in advance by undertaking the required reading and/or other forms of preparation Attend meetings with your personal tutor, module co-ordinator or programme director if requested (these will likely be via Teams) Engage in extra-curricular events, groups and meetings where provided which are designed to support and inform your studies Attend in-sessional English language classes (if applicable) Submit coursework/assessment by the due time and date Submit class tests at the specified time and date Make your module co-ordinator aware at the earliest opportunity if you experience problems which may impact on your engagement Inform the University of absence (planned or unplanned), e.g. illness, emergency as outlined at: http://www.stir.ac.uk/registry/studentinformation/absence Assessment % of final grade Learning Outcomes Class Test 25 1,2,3 Exam (Paper) 75 1,2,3 Coursework: 25% Examination: 75% Available to Visiting Study Abroad Students? Yes