The module will consist of lectures to introduce the material and explain difficult problems. There will be workshop/seminar sessions applying the concepts to particular cases.

A brief introduction to statutory and non-statutory regualatory framework in accounting. This will lead on to a discussion of accounting concepts, principles and policies. The content of published company annual reports and financial statements will be analysed using a range of financial techniques. The module also considers the impact of major International Accounting Standards and International Financial Reporting Standards on published accounts and the reporting entities. Throughout the course practical situations will be used to illustrate various issues and standards e.g. stock accounting, depreciation, goodwill, brands, cash flow reporting and research and development.
The topics selected may vary from year to year dependent upon their topicality. Other relevant topics not on this list may be introduced.

Texts books, journals, company reports, computer with internet connection.

Alexander, D & Brittain, A. (2004). Financial Reporting. Thomson.
Pendlebury, M & Groves, R. (2004). Company Accounts: Analysis Interpretatation and Understanding. Thomson.

A practical examination based on pre-issued final accounts and report, consisting of an examination of company financial statements or a (comparative) analysis of a pair of companies. The company data will be pre-seen but the actual questions answered will be unseen.

For a pass mark, the examiners will expect you to apply appropriate methods and techniques with some analysis of results obtained.

For a distinction, you will need to show depth of understanding of both concepts and detail, clarity of exposition and excellence in judging alternatives.