Advanced Financial Accounting - ACCT5220

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Module delivery information

Location Term Level1 Credits (ECTS)2 Current Convenor3 2024 to 2025
Combined Autumn and Spring Terms 6 30 (15) Ashley Casson checkmark-circle


This module is designed to build upon financial accounting topics taught in previous modules and assess them at a more advanced level. It will also introduce topics, not previous taught.
The following is an indicative list of topics to be covered:
• Accounting for complex transactions in financial statements
• Analysing and interpreting financial statements
• Preparation of financial statements including those for complex groups
• Content and application of International Accounting Standards, as appropriate.


Contact hours

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

Method of assessment

Main assessment methods

Exam, 3 hours (70%)
Report (3500 words) (20%)
VLE Test (10%)

Reassessment method:
100% exam

Indicative reading

ACCA Financial Reporting (FR) Study Text (2021), Wokingham: Kaplan Publishing UK
Crane, A., Matten,D., Glozer, S. and Spence, L. (2019) Business Ethics, Managing Corporate Citizenship and Sustainability in the Age of Globalization (5th Edition), Oxford: Oxford University Press
Elliott, B. and Elliott, J. (2019). Financial Accounting and Reporting, (19th edition), Harlow: Pearson Education Ltd
Melville, A. (2019). International Financial Reporting (7th edition), Harlow: Pearson Education Ltd

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:
- prepare financial statements by applying accounting standards, regulations and terminology
- demonstrate how to account for complex transactions in financial statements by applying accounting standards;
- critically analyse the financial performance and position of a business using techniques such as financial ratios;
- demonstrate an understanding of the importance of corporate and social responsibility (CSR) for organisations and their stakeholders.

The intended generic learning outcomes.
On successfully completing the module students will be able to:
- critically evaluate arguments and evidence;
- manipulate financial data and provide financial information to a variety of stakeholders whilst understanding the limitations of the information provided;
- communicate effectively to a variety of audiences and/or using a variety of methods


  1. Credit level 6. Higher level module usually taken in Stage 3 of an undergraduate degree.
  2. ECTS credits are recognised throughout the EU and allow you to transfer credit easily from one university to another.
  3. The named convenor is the convenor for the current academic session.
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