Financial Accounting II - ACCT5240

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Module delivery information

This module is not currently running in 2024 to 2025.

Overview

The module will aim to cover the following topics:

• the conceptual framework of financial reporting
• the financial reporting environment
• the regulation of financial reporting
• group accounting
• the International Accounting Standards Board
• content and application of International Accounting Standards as appropriate
• accounting standards
• accounting for transactions in financial statements

Details

Contact hours

Total contact hours: 66
Private study hours: 234
Total study hours: 300

Method of assessment

Main assessment methods:
Exam, 3 hours (70%)
In-Course Test 1 (10%) – 45 minutes
In-Course Test 2(10%) – 45 minutes
Communication Skills Report (1500 words) (10%)

Reassessment methods
100% exam

Indicative reading

ACCA Paper F7 Financial Reporting (FR) Complete Text (2016), Wokingham: Kaplan Publishing UK
ACCA Paper F7 Financial Reporting (FR) Exam Kit (2016), Wokingham: Kaplan Publishing UK
Alexander, D., Britton, A., and Jorissen, A., (2014): International financial reporting and analysis (6th edition) London: Cengage Learning
Elliott, B. and Elliott, J. (2015): Financial accounting and reporting (17th edition), London: FT Prentice Hall

See the library reading list for this module (Canterbury)

Learning outcomes

The intended subject specific learning outcomes.
On successfully completing the module students will be able to:
- evaluate the regulatory, commercial, professional and social environment within which financial statements are prepared, published and used, beyond that available from Financial Accounting I
- evaluate aspects of the economic, decision-theoretic and behavioural underpinning to financial reporting, beyond that available from Financial Accounting I
- apply the technical language and practices employed in recognition, measurement and disclosure in financial statements , beyond that available from Financial Accounting I
- identify alternative technical languages and practices proposed for use in recognition and measurement in financial statements, to reflect changes in prices, beyond that available from Financial Accounting I

The intended generic learning outcomes.
On successfully completing the module students will be able to:
- evaluate arguments and evidence
- manipulate financial data
- prepare financial statements
- communicate effectively

Notes

  1. ECTS credits are recognised throughout the EU and allow you to transfer credit easily from one university to another.
  2. The named convenor is the convenor for the current academic session.
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