Exam 1: An exam of length 3 hours plus 10 minutes reading time, weighted at 50% covering Learning Outcomes 1, 2 and elements of 3.

Exam 2: An exam of length 3 hours plus 10 minutes reading time, weighted at 50% covering Learning Outcomes 3 and 4.

The module aims to build on the basics of accounting previously covered, to develop students’ knowledge and skills in understanding and applying international accounting standards. The students will gain an understanding and an ability to apply the theoretical framework of accounting and also be able to prepare a statement of comprehensive income, statement of changes in equity, a statement of financial position and a statement of cash flows which conform with international accounting standards. The students will also study business combinations, the concepts and principles of a group of companies and the preparation of consolidated financial statements including an associate company.
When studied as part of the BA (Hons) Accounting and Finance, BA (Hons) Accounting and Business, Two Year BA (Hons) Accounting and Finance, the successful completion of this module may lead to an exemption from a professional accountancy qualification – for up-to-date information on accreditation and exemptions please contact the Award Leader.

1. UNDERSTAND AND CRITICALLY EVALUATE THE ROLE OF THE CONCEPTUAL FRAMEWORK FOR FINANCIAL REPORTING
Analysis
Knowledge and Understanding
Learning

2. UNDERSTAND AND CRITICALLY EVALUATE THE ROLE OF THE INTERNATIONAL REGULATORY FRAMEWORK FOR FINANCIAL REPORTING
Analysis
Enquiry
Knowledge and Understanding
Learning

3. PREPARE, PRESENT AND ANALYSE FINANCIAL STATEMENTS WHICH CONFORM WITH INTERNATIONAL ACCOUNTING STANDARDS
Analysis
Application
Communication
Knowledge & Understanding
Learning

4.PREPARE AND PRESENT ACCOUNTS FOR BUSINESS COMINATIONS IN ACCORDANCE WITH INTERNATIONAL ACCOUNTING STANDARDS
Application
Communication
Knowledge & Understanding
Learning

Module study guide
The University Library and Learning Resources - books and academic journals
The module VLE
Electronic data bases
Learning support materials
Internet

FOR INTERNATIONAL COLLABORATIVE PARTNERS ONLY

Students must have studied Fundamentals of Financial Accounting or equivalent..

Melville A, (2011). International Financial Reporting A Practical Guide. FT Prentice Hall. ISBN 978-0-273-75815-0
Bragg S.M, (2011). IFRS Made Easy. Wiley. ISBN 978-0-470-61947-6

The learning strategy for this module is based around students committing a total of 300 hours of activities towards achieving the learning outcomes. These will be split between 78 hours of direct contact with a tutor and 222 hours of directed, guided and self-study, together with preparation for and completion of the assessment tasks. Learning support material will be provided for the module.
The module will draw upon a mixture of activities including lectures, web-based activities, case study analysis, relevant videos and in-class discussions, individual and group problem solving and self-directed learning.