Advanced Corporate Reporting

Module description

This module provides students with a critical understanding of the conceptual/theoretical and technical aspects of corporate financial reporting.  Corporate financial reporting plays a crucial role in facilitating resource allocation in the economy.  Corporate reports are often used by company management to communicate the corporates’ economic activities to relevant stakeholders, and by interested users to make decisions.  The module will consider a range of financial reporting issues that are important in understanding and evaluating the informational role that corporate financial reporting plays.  It will also expose students to a mix of academic and professional literature to build on an existing understanding of the requirements of International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB). 

This module is targeted at students who already have a good understanding of intermediate financial reporting at the undergraduate or equivalent level (e.g. part-qualified student accountants).

Full module specification

Module title:Advanced Corporate Reporting
Module code:BEAM071
Module level:M
Academic year:2017/8
Module lecturers:
  • Mr David Kolitz - Convenor
Module credit:15
ECTS value:

7.5

Pre-requisites:

ACCA F7 or equivalent

Co-requisites:

None

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

11

Module aims

This module aims to enable students to discuss, apply and evaluate the concepts, principles and practices that underpin the preparation and interpretation of corporate reports in various contexts.  It also aims to develop students’ critical thinking, problem solving and written communication skills.

ILO: Module-specific skills

  • 1. Discuss and appraise corporate financial reporting strategy in terms of professional and ethical standards.
  • 2. Discuss, explain and critically evaluate the conceptual framework of financial reporting.
  • 3. Discuss, apply and appraise the international accounting requirements/treatments for: revenue recognition; non-current assets; financial instruments; leases; employee benefits; taxation; provisions, contingencies and events after the reporting date; share-based payments; fair value measurement; small and medium-sized entities; and business combinations.
  • 4. Prepare the financial statements of groups of entities in accordance with IFRSs.
  • 5. Analyse and appraise the financial performance and position of entities.
  • 6. Discuss complementary reporting frameworks such as integrated reporting and evaluate their relevance.
  • 7. Discuss and appraise current issues in corporate reporting including implications of accounting regulation changes.

ILO: Discipline-specific skills

  • 8. Critically evaluate arguments and evidence.
  • 9. Synthesise information and draw reasoned conclusions concerning structured and unstructured financial reporting problems from a given set of data.
  • 10. Apply logical thinking and numeracy skills to problems by using appropriate accounting techniques and professional judgement.

ILO: Personal and key skills

  • 11. Use appropriate learning resources to manage own learning experience independently.
  • 12. Communicate effectively in writing.

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

Scheduled Learning and Teaching ActivitiesGuided independent studyPlacement / study abroad
401100

Details of learning activities and teaching methods

CategoryHours of study timeDescription
Scheduled Learning and Teaching Activities8Intensive refresher lectures
Scheduled Learning and Teaching Activities22Lectures (weekly)
Scheduled Learning and Teaching Activities10Tutorials (weekly)
Scheduled Learning and Teaching Activities110Directed reading and preparation for tutorials and assessments

Formative assessment

Form of assessmentSize of the assessment (eg length / duration)ILOs assessedFeedback method
Weekly Tutorials for discussion3 hours preparation by student 1 hour in class discussion1-12In class feedback Suggested solutions on ELE

Summative assessment (% of credit)

CourseworkWritten examsPractical exams
01000

Details of summative assessment

Form of assessment% of creditSize of the assessment (eg length / duration)ILOs assessedFeedback method
Interim written test201 hour1-12Suggested solutions on ELE
Final written examination802 hours1-12Suggested 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
Interim written test (20%) and Final written exam (80%)2 hours written exam (100%)1-12August re-examination

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

  • Accounting ethics
  • Conceptual framework of financial reporting
  • Revenue
  • Non-current assets
  • Financial instruments
  • Leases
  • Employee benefits
  • Income taxes
  • Provisions, contingencies and events after the reporting date
  • Share-based payment
  • Fair value measurement
  • Financial reporting requirements of small and medium-sized entities (SMEs)
  • Consolidated financial statements
  • Analysis and interpretation of financial statements
  • Complementary reporting frameworks
  • Current issues in corporate reporting

Indicative learning resources - Basic reading

Basic reading:

  • BPP, (2016) ACCA P2 Corporate Reporting (International and UK) Study Text, London: BPP Learning Media.
  • Kaplan, (2016) ACCA P2 Corporate Reporting Study Text, London: Kaplan Publishing.
  • Additional journal/professional articles relevant to the module.

 

Module has an active ELE page?

Yes

Indicative learning resources - Web based and electronic resources

Web based and electronic resources:   Exeter Learning Environment (ELE)

Indicative learning resources - Other resources

Additional reading list (e.g. academic/professional journal articles, etc.) will be provided at the end of every lecture.

Origin date

01/12/2016

Last revision date

01/01/2017