Financial Reporting and Analysis

Module description


The aim of the module is to enhance your knowledge of the theory and practice of financial reporting and analysis.  To this end, the module will cover advanced financial reporting topics such as: accounting for financial instruments and employee benefits; accounting for various types of business combinations (i.e. simple and complex groups, associates and joint arrangements, acquisitions-in-stages, and foreign subsidiaries); and theories of accounting regulations and policy choice.  In addition, the module will also cover practical financial analysis techniques that allow students to analyse and interpret financial statements.

Additional Information:

Internationalisation is embedded in the content of this module through the use of the International Financial Reporting Standards (IFRSs).  Moreover, the principles of financial reporting and analysis are broadly common across most countries.

All of the resources for the module are available on the ELE (Exeter Learning Environment).

External engagement
The module content meets the standards of the professional accountancy bodies (e.g. ICAEW, ACCA and CIMA) and the module is accredited by them.

Material taught in this module is highly relevant to accounting- and business-related jobs. The module also offers an opportunity for students to develop their numeracy and logical thinking skills.

Widening Participation   
Students are given problem sets a week before the tutorials and work on the questions independently. In the tutorials, they have an opportunity to discuss any difficulties with the group.

Research in teaching   
The module is informed by the module convenor’s research interest in financial reporting.

Full module specification

Module title:Financial Reporting and Analysis
Module code:BEA3005
Module level:3
Academic year:2014/5
Module lecturers:
  • Professor Gilad Livne - Lecturer
  • Dr Chen Lim - Convenor
Module credit:15
ECTS value:



BEA2001 Financial Accounting



Duration of module: Duration (weeks) - term 2:


Module aims

This module follows on from the second year financial accounting module, study of which is a prerequisite for entry to this module.  This module has three aims:
(1)   to  develop students’ knowledge  and skills in applying and evaluating accounting standards and the theoretical framework in: the preparation of financial statements for groups of entities and the accounting of financial instruments and employee benefits;
(2)   to provide students with an understanding of the economics and politics behind accounting standards setting and the accounting policy choice made by companies; and
(3)   to advance students’ knowledge and skills in how to analyse and interpret financial statements.

ILO: Module-specific skills

  • 1. prepare and present financial statements which conform with international accounting standards
  • 2. account for financial instruments in accordance with international accounting standards
  • 3. account for various business combinations in accordance with international accounting standards
  • 4. compare and evaluate the various methods of accounts consolidation
  • 5. explain and discuss the accounting policy choice of companies and the current state of accounting regulation from the theoretical perspectives of economics and politics
  • 6. analyse and interpret financial statements using contextual information
  • 7. discuss and appraise the utility and limitation of financial statement analysis

ILO: Discipline-specific skills

  • 8. analyse and draw reasoned conclusions concerning structured problems from a given set of data
  • 9. apply logical thinking and numeracy skills to problems by using appropriate accounting and finance techniques
  • 10. critically evaluate arguments and evidence

ILO: Personal and key skills

  • 11. manage your own learning experience individually
  • 12. use appropriate learning resources
  • 13. present material effectively in written form

Learning activities and teaching methods (given in hours of study time)

Scheduled Learning and Teaching ActivitiesGuided independent studyPlacement / study abroad

Details of learning activities and teaching methods

CategoryHours of study timeDescription
Scheduled Learning and Teaching activities21Lectures
Scheduled Learning and Teaching activities10Tutorials
Scheduled Learning and Teaching activities11Scheduled Help Hours

Formative assessment

Form of assessmentSize of the assessment (eg length / duration)ILOs assessedFeedback method
Weekly tutorial problems for discussion 3 hrs preparation by student / 1 hr in-class discussion 1-13In class

Summative assessment (% of credit)

CourseworkWritten examsPractical exams

Details of summative assessment

Form of assessment% of creditSize of the assessment (eg length / duration)ILOs assessedFeedback method
MCQ test20One hour1-12Suggested solutions on ELE
Examination802 hours1-13Suggested solutions on ELE

Details of re-assessment (where required by referral or deferral)

Original form of assessmentForm of re-assessmentILOs re-assessedTimescale for re-assessment
MCQ test and 2-hr written examination2-hr written examination (100%)1-13Summer re-sit

Re-assessment notes

Students who fail the module overall will be reassessed by way of a two-hour written examination in the summer of the respective academic year.

Syllabus plan

  • Fundamentals of financial reporting and analysis
  • Accounting for financial instruments
  • Accounting for employee benefits (pensions and share-based payments)
  • Group accounts – Accounting for business combinations
  • Group accounts – Associates and Joint arrangements
  • Group accounts – Alternative methods of consolidations
  • Group accounts – Foreign operations and subsidiaries
  • Group accounts – Statement of cash flows
  • Economics and politics of accounting regulations and policy choice
  • Analysis and interpretation of financial statements

Indicative learning resources - Basic reading

Basic reading:
Customised textbook that consists of relevant chapter extracts from:
• Alexander, D., Britton, A. and Jorissen, A. (2011) International Financial Reporting and Analysis. 5th ed. London: Cengage Learning.

Module has an active ELE page?


Origin date


Last revision date