This module is not currently running in 2024 to 2025.
The module aims to provide students with a thorough understanding of the financial accounting techniques at an advanced level and gain an appreciation of the regulatory and social environment within which financial reporting takes place. They will also be able to analyse corporate financial statement information and to make performance evaluations and investment decisions.
Topics covered include:
• Conceptual framework of financial reporting
• Financial Reporting environment
• Off Balance sheet financing
• Group Accounting
• Ratio analysis
• Economics of valuation and valuation models
• Financial reporting model
The module will be taught by lectures, seminars and private study.
Total Contact Hours: 33
Private Study Hours: 117
Main assessment methods
Exam – 2 hour, unseen, closed book (70%)
Individual Essay – 1,500 words (30%)
Reassessment methods
100% examination
Essential reading:
Elliot, B, Elliott, J. (2015) Financial Accounting and Reporting. 17th edn. London: Prentice Hall
Palepu, K.G. Healey, P.M. and Peek, E. (2013) Business Analysis and Valuation: Text and Cases. IFRS Edition, Mason: Thompson South Western
Other reading:
Alexander, D Britton, A Jorissen, A, Alexander, D. (2011) International Financial Reporting 5th edn. Andover: Cengage Learning
Holmes, G. Sugden, A. and Gee, P. (2008) Interpreting Company Reports and Accounts, 10th edn. London: Prentice Hall
See the library reading list for this module (Medway)
On successfully completing the module students will be able to:
8.1 Demonstrate a comprehensive knowledge and understanding of the regulatory, commercial, professional and social environment within which financial statements are prepared, published and used.
8.2. Demonstrate a comprehensive knowledge and understanding of the technical language and practices employed in recognition, measurement and disclosure in financial statements in the UK and internationally.
8.3 Perform company financial analysis and valuations using corporate financial statements and other relevant financial data.
8.4 Critically evaluate arguments and evidence in company financial statements and valuations.
9. The intended generic learning outcomes.
On successfully completing the module students will be able to:
9.1 Understand and evaluate arguments and evidence.
9.2 Analyse the financial performance and position of a business.
9.3 Use communication and information technology in acquiring, analysing and communicating information.
9.4 Demonstrate ability to undertake independent and self-managed learning.
University of Kent makes every effort to ensure that module information is accurate for the relevant academic session and to provide educational services as described. However, courses, services and other matters may be subject to change. Please read our full disclaimer.
