The module “Contemporary Global Reporting” develops students’ advanced understanding of International Financial Reporting Standards (IFRS) and current issues affecting global reporting. Students learn to prepare, analyse, and interpret financial statements for various entities while applying professional judgement and considering emerging developments in reporting.

The module begins with the conceptual and regulatory framework underpinning financial reporting, including recognition, measurement, and qualitative characteristics of useful information. Core IFRS standards are applied in depth, including IAS 2 Inventories, IFRS 15 Revenue from Contracts with Customers, and IAS 33 Earnings Per Share, with focus on practical application, judgements, and disclosures.

Group accounting is examined through IAS 27, IFRS 3, and IFRS 10, covering consolidation, control, non-controlling interests, intra-group eliminations, and the preparation of consolidated statements. Investments in associates and joint ventures are addressed through IAS 28 and IAS 31, applying the equity method and accounting for jointly controlled entities. IAS 7 Statement of Cash Flows is also included, with classification and interpretation of cash flows.

A key focus of the module is contemporary reporting issues, including sustainability and ESG reporting, integrated reporting, regulatory developments, and the challenges of global multi-jurisdictional reporting. Students critically evaluate emerging standards and frameworks, considering ethical, regulatory, and stakeholder perspectives.

The module prepares students for careers in accounting, auditing, and consultancy, equipping them with the skills to apply IFRS in complex and evolving reporting environments.

Report coursework 30% – 1,000 words.

Students will investigate a specific contemporary development in reporting, such as ESG reporting, integrated reporting frameworks, or emerging global regulatory standards. Critically evaluate the impact of the development on reporting practices, stakeholders, and ethical considerations. Demonstrate academic research skills, including the use of professional guidance, academic literature, and regulatory sources. This component allows students to show independent research, analytical reasoning, and understanding of contemporary reporting issues.

Final Assessment: Written Exam – 70% (2 hours + 10 minutes reading time)

The unseen examination assesses Learning Outcomes 1,2 & 4 and testing technical knowledge of IFRS, consolidation, cash flows, EPS, and critical understanding of emerging reporting developments.

The learning strategy for this module is designed to support the progressive development of knowledge, practical skills, and critical understanding in corporate assurance and governance, using a blend of taught sessions, guided practice, and independent study.

Whole group sessions will be delivered through a series of interactive and participatory lectures. These sessions will introduce and explain key concepts, theories, and frameworks relating to corporate governance, auditing, and assurance, providing the foundation for further learning. Lectures will incorporate current business-world examples, case studies, and professional scenarios to contextualise theory and encourage engagement, discussion, and critical reflection.

Small group sessions will take the form of weekly tutorials in which students will work both individually and collaboratively on practical exercises, case-based activities, and problem-solving tasks. These sessions are designed to reinforce lecture content, develop applied auditing and governance skills, and encourage peer learning. Students will be expected to prepare for tutorials through directed reading and preparatory tasks completed outside formal contact hours.

The module will be supported by a range of learning materials available via the Virtual Learning Environment (VLE), including lecture slides, case studies, reading lists, guidance notes, and self-directed learning activities. These resources will enable students to review content, extend their understanding, and manage their learning at a pace and time that suits individual needs.

Students will receive general guidance through the module study guide and targeted support and skills development where required, including advice on assessments, academic writing, presentation skills, and exam preparation. Tutorial sessions will place strong emphasis on formative feedback, with tutors providing ongoing guidance and feedback on students’ progress through discussion, review of exercises, and peer interaction. This approach supports continuous improvement and prepares students effectively for summative assessments.

1. Apply IFRS standards to prepare and interpret complex financial statements for individual and group entities, including consolidation, associates, and joint ventures.

Application & Problem-solving

2. Analyse accounting judgements, estimates, and disclosures in line with professional and ethical standards.

Application & Problem-solving

3. Assess contemporary reporting developments, reflecting on their professional, ethical, and organisational implications.

Research Skills
Reflection

4. Communicate complex reporting information effectively to stakeholders, demonstrating analytical and professional competence.

Communication

In this section, you must include reference to any specialist software, equipment, databases or licences as well as access to laboratories, simulation suites, etc.

Microsoft Office
Padlet and other digital feedback mechanisms
Computer-based quizzes
Blackboard

Aim for a maximum of 5 key texts, published within the last 5 years, where possible.

Melville, A., 2025. International Financial Reporting: A Practical Guide, 9th ed. Pearson, Harlow. ISBN 978‑1‑292‑20074‑3

ACCA, 2025. ACCA Financial Reporting: Study Text Book. Kaplan Publishing, London.

Elliott, J. & Elliott, B., 2024. Financial Accounting and Reporting, 20th ed. Pearson, Harlow.

Romney, M.B., Steinbart, P.J., Summers, S.L. & Wood, D.A., 2024. Accounting Information Systems, 16th ed. Pearson, Harlow.

Unlock the skills to master today’s reporting challenges. This module explores cutting-edge developments in global reporting, including ESG, integrated reporting, and evolving regulatory standards. Learn to apply international standards with confidence, make informed professional judgements, and communicate insights that matter. Perfect for future accountants, auditors, and consultants ready to lead in a complex, global financial landscape.