Financial Regulations and Reporting - BUSN7320

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Module delivery information

This module is not currently running in 2021 to 2022.

Overview

This module aims to provide students with a thorough understanding of the financial accounting techniques at an advanced level and with an appreciation of the regulatory and social environment within which financial reporting takes place.
• Conceptual framework of financial reporting
• Financial Reporting environment
• The Regulation of financial reporting
• Deferred Tax
• Research and Development
• Intangibles
• Group Accounting
• Associates and Joint Ventures
• Off Balance sheet financing

Details

Method of assessment

  • 2 hour examination (70%)

  • Computational in class test (15%)

  • Individual essay - 1500 words (15%)

Indicative reading

Core Textbook
Elliott, B, Elliott, J. (2012). Financial accounting and reporting. 16th edn. London: Prentice Hall

Further indicative readings:
Alexander, D, Britton, A, Jorissen, A, Alexander, D. (2011) International financial reporting 5th edn. Andover: Cengage Learning
Finch, C. (2012). A student’s guide to international financial reporting standards 3rd edn. Kaplan London: Kaplan
Collins, B. McKeith, J. (2009).Financial Accounting and Reporting 2nd edn. London: McGraw Hill

See the library reading list for this module (Medway)

Learning outcomes

On completion of the module students will have acquired the:


  • Knowledge and understanding of the regulatory, commercial, professional and social environment within which financial statements are prepared, published and used

  • Knowledge and understanding of aspects of the economic, decision-theoretic and behavioural underpinning to financial reporting

  • Knowledge and understanding of the technical language and practices employed in recognition, measurement and disclosure in financial statements in the UK

  • Knowledge and understanding of alternative technical languages and practices proposed for use in recognition and measurement in financial statements, to reflect changes in prices

Notes

  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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