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.

INDIVIDUAL PRESENTATION (covering LO1) (weighted at 30%)

An ASSIGNMENT of 2000 words weighted at 70% (covering LOs 2,3 and 4)

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.

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.

The learning strategy for this module requires students to dedicate a total of 200 hours to achieving the learning outcomes. This includes 187 hours of independent study, guided by 10 weeks of structured asynchronous materials such as case studies, activities, and videos. To support learning, students will receive 10 hours of direct tutor support (1 hour per week over 10 weeks). Additionally, a further 3 hours of assessment support (1 hour per week over 3 weeks) will be provided, ensuring students have the necessary guidance to successfully complete their assessments.

Module study guide

The University Library and Learning Resources – books and academic journals

The module VLE

Electronic data bases

Learning support materials

Internet

Alexander, D., Jorissen, A., Hoogendoorn, M., van Mourik, C., Kirwan, C., Inwinkl, P. & Michelon, G. (2023). International Financial Reporting and Analysis, 9th 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.