electiveHQ

This module develops students' knowledge of financial accounting and reporting by building on foundations laid at Levels 1 and 2. The module aims to improve students' ability to apply accounting methods to more challenging transactions of companies and for more complex corporate structures than dealt with previously. The module focuses on the financial reporting standards used by EU companies to report financial information. The module also develops students' ability to critically appraise the financial reporting framework and standards used by companies. Topics covered include the usefulness of financial reporting, i.e. the role of financial reporting in investment and other decision-making; the financial reporting regulatory framework; concepts such as faithful representation (including substance over form) and relevance; preparation of group accounts; accounting for financial instruments, intangible assets, leases, pensions, foreign currencies.