FOR INTERNATIONAL COLLABORATIVE PARTNERS ONLY
Introduction to Financial Accounting or equivalent

The University library and learning resources
Electronic data bases such as EBSCO
Internet
E-mail
Excel

The learning strategy for the module requires students to commit 300 learning hours (including assessment) of this there will be 72 hours of class support and 228 hours of independent and self directed study learning support material will be provided for the module.
The lectures will provide the main advanced financial accounting themes, analysis of concepts and their application. This knowledge will be reinforced by the preparation and discussion of questions in the tutorials and by students self directed study time. The latter will include visiting corporate web sites to support the knowledge acquired.

The module aims to build on the basics of accounting previously covered; to develop students to be able to prepare the published accounts of limited companies in accordance with International Accounting Standards. The students will gain an understanding of the regulatory framework of accounting and knowledge of how to prepare the Income Statement, Statement of Changes in Equity and the Balance Sheet with supporting disclosure notes. A number of key financial standards will be discussed, establishing the reason for them and the application of them. These will include but will not be limited to IAS 1, Presentation of Financial Statements; IAS 16, Property, Plant and Equipment; IAS 17 Leases and IAS 10, Events after the Balance Sheet Date. The preparation of Cash Flow Statements in accordance with IAS 7 and Consolidated Income Statements and Balance Sheets will also be covered.
Students will use spreadsheets to prepare extended trial balances to assist in the preparation of the final accounts.

Alfredson K, Leo K, Picker R, Pacter P, Radford J, Wise V. (2005). Applying International Accounting Standards. John Wiley & Sons. ISBN 0-470-80494-0
Alexander D, Britton A & Jorissen A. (2005). International Financial Reporting and Analysis, 2nd edition. Thomson Learning. ISBN 1-84480-201-9
Melville A, (2008). International Financial Reporting - A Practical Guide. FT Prentice Hall. ISBN 978-0-273-70872-8
Mirza A.A, Holt G.J, Orrell M. (2006). IFRS Workbook and Guide. John Wiley & Sons. ISBN 0-471-69742-7

Details :- Two exams each of length 1.5 hours, one at the end of teaching block one and one at the end of teaching block two, weighted at 50% each.
The examinations will be sat unseen in examination conditions.
Each examination will test Learning Outcomes 1, 2 and 3.