Almost all listed companies in the European Union and the United Kingdom have to prepare financial statements that comply with International Financial Reporting Standards (IFRSs). Without acquiring a thorough understanding of how financial statements are prepared under IFRSs, the management of any company will not have sufficient skills to identify trends, potential threats, and actively track their financial performance in real-time. On this module, you’ll develop the knowledge and skills to understand and apply the IFRS. We’ll develop the ability to apply the right theory to the preparation of financial statements and learn how to analyze major elements of those financial statements. Learning how to apply IFRSs will prepare you with the necessary skills to become a successful accounting and finance professional.
Lecture 24, Seminar 24
Online Test (45 minutes) worth 20%.
Individual Report (1000 words) worth 20%.
Invigilated Examination (2 hours) worth 60%.
Reassessment Method: 100% Examination – 2-hour Invigilated Examination
On successfully completing the module, students will be able to:
Demonstrate a thorough understanding of concepts and techniques of financial reporting.
Explain and assess the nature and function of limited companies and the regulatory framework within which they operate.
Critically evaluate the role of accounting policies in the preparation of published accounts.
Identify and apply the contents of selected International Financial Reporting Standards on limited companies.
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