This module commences with an introduction to the subject including concepts and a discussion of relevant applications. This leads onto an overview of a contemporary financial reporting and analysis framework in a global context (including the international accounting standard) and aspects of the international regulatory system. Students will also study income and asset value measurement systems and underlying systems of preparing consolidated financial statements (comprehensive income, Statement of financial position, changes in equity and cash flows). Contemporary issues such as sustainability and the need for environment and social reporting will enhance the students’ ability to relate their learning to the global context.


When studied as part of the MSc International Finance & Accounting, 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.

GROUP PRESENTATION (covering LO1). The group presentation (weighted at 20%)

Individually produced REPORT (covering LO1) (weighted at 10%)

An ASSIGNMENT of 3000 words weighted at 70% (covering LOs 2,3 and 4)

The learning strategy for the module requires students to commit 200 learning hours (including assessment) of this there will be 39 hours of class support and 161 hours of independent and self- directed study.
The lecture/tutorial pattern may vary with some activities taking place in medium size group workshops.

20 hours of tutor lead sessions

19 hours of student-centred learning sessions

There will be lectures to deliver the core material, as well as smaller group sessions, including problem solving, discussion and workshop type delivery. Students will be expected to complete the case studies/ exercises and directed learning in the independent learning time.

1. Critically understand and systematically analyse the conceptual framework and its relationship with the preparation and presentation of financial statements.

Knowledge and Understanding, Analysis.

2 Critically analyse the requirements of international financial reporting standards (IFRS) to recognize, measure, present and disclose elements of assets, liabilities, equity, income and expenses.

Knowledge and Understanding, Application, Analysis, Learning, Communication.

3. Critically analyse company’s financial performance based on their annual financial reports.

Knowledge and Understanding, application, analysis, Communication, Learning.

4. Critically evaluate contemporary issues and future directions of financial analysis in a global context.

Communication, Learning, Reflection.

Module study guide

The University Library and Learning Resources – books and academic journals

The module VLE

Electronic data bases

Learning support materials

Internet

Alexander, David,¿Ann Jorissen,¿Martin Hoogendoorn, Carien van Mourik and Collette Kirwan (2020) International Financial Reporting and Analysis, 8th Edition, Cengage Learning EMEA

Elliott, B. and J. Elliott (2019) Financial Accounting & Reporting, 19th Edition, Pearson.

Melville, Alan (2019) International Financial Reporting: a Practical Guide, 7th Edition.

This module commences with an introduction to the subject including concepts and a discussion of relevant applications. This leads onto an overview of a contemporary financial reporting and analysis framework in a global context (including the international accounting standard) and aspects of the international regulatory system. Students will also study income and asset value measurement systems and underlying systems of preparing consolidated financial statements (comprehensive income, Statement of financial position, changes in equity and cash flows). Contemporary issues such as sustainability and the need for environment and social reporting will enhance the students’ ability to relate their learning to the global context.