This module is not currently running in 2021 to 2022.
The module covers both the infrastructure of international financial reporting and selected technical issues critical in preparing and using corporate financial reports in an international context. It looks at international harmonisation and convergence and the development of international accounting standards. The theory of international financial reporting is discussed and illustrated by an examination of various technical issues. The constraints inherent in reporting to international financial markets, and the needs of international financial analyst, are explored.
Total contact hours: 37
Private study hours: 113
Total study hours: 150
Main assessment methods:
In-Course Test (20%)
Individual Essay (1800 words) (20%)
Examination, 2 hour (60%).
Reassessment method:
100% exam.
Alexander, D., Britton, A. and Jorissen, A. (2011), International financial reporting and analysis (5th edition), Andover: Cengage Learning
Deegan, C. and Ward A.M. (2013). Financial accounting and reporting an international approach. New York: McGraw-Hill
Elliott, B. and Elliott, J. (2012), Financial accounting and reporting (15th edition), Harlow: Financial Times Prentice Hall
Melville, A. (2011). International financial reporting a practical guide. (3rd edition). Harlow: Financial Times Prentice Hall
Nobes, C. and Parker, R. (2010), Comparative international accounting, (11th edition) Harlow; Financial Times Prentice Hall
Roberts, C., Weetman, P. and Gordon, P. (2008), International financial accounting: A comparative approach, (4th edition) Harlow: Prentice Hall/Financial Times
See the library reading list for this module (Canterbury)
The intended subject specific learning outcomes.
On successfully completing the module students will be able to:
- Demonstrate knowledge and understanding of the international context in which corporate financial reports are prepared and used.
- Demonstrate knowledge and understanding of the purpose, conceptual basis, functioning and limitations of international financial reporting and accounting harmonisation.
- Demonstrate knowledge and understanding of the technical processes involved in the preparation of corporate financial reports in an international context and of possible alternative approaches.
- Comprehend, organise, evaluate, manipulate and interpret corporate financial reporting information prepared in an international context.
- Identify and respond appropriately to deficiencies in corporate financial reporting information prepared in an international context.
The intended generic learning outcomes.
On successfully completing the module students will be able to:
- Demonstrate critical thinking
- Select, organise, develop and synthesis complex material
- Problem solve
- Plan, work and study independently
- Demonstrate quantitative skills.
- Conduct research into business and management issues.
- Identify, find, record, organise and manipulate relevant knowledge.
- Communicate orally and in writing
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