Advanced Issues in Financial Reporting
- Module Code:
- FHEQ Level:
- Taught in:
- Term 2
This module develops in students a knowledge and understanding of advanced topics in Financial Reporting. Students of this module will develop a critical awareness of the current financial reporting environment, taking into account the different interests of external users, owners and management. They will learn how to critically review empirical research in the issues covered. The course will explore a wide range of concepts, principles, theories, reforms, regulations and research into issues relating to current financial reporting environment, the nature and possible reasons for fraud, defalcation and misrepresentation.
Objectives and learning outcomes of the module
On successful completion of this module a student will be able to:
- Think critically and evaluate a wide range of concepts, principles, theories, reforms, regulations and research into issues relating to current financial reporting environment.
- Understand the sources, uses and management of finance; the use of accounting and other information systems for managerial applications
- Understand and evaluate the nature and possible reasons for creative accounting, fraud, defalcation and misrepresentation.
- Understand corporate and managerial behaviour and how this can influence the accounting numbers
- Develop critical and interpretative skills to an evaluation of corporate activity and the effect on the quality of reported earnings
- Think creatively and manage the creative processes in self and others; organise thoughts, analyse, synthesise and critically appraise. This includes the capability to identify assumptions, evaluate statements in terms of evidence, detect false logic or reasoning, identify implicit values, define terms adequately and generalise appropriately.
- Develop high personal effectiveness, critical self-awareness, self-reflection and self-management; time management; sensitivity to diversity in people and different situations and the ability to continue to learn through reflection on practice and experience.
Method of assessment
Assessment for this module is in two elements:
- One tutorial presentation at 25%
- One unseen 2-hour written examination at 75%
All elements except the presentation may be resubmitted.