Module Details

Module Code: BUSS C2317
Module Title: Financial Reporting 2
Title: Financial Reporting 2
Module Level:: 7
Credits:: 5
Module Coordinator: Myles Kelly
Module Author:: Susan Brennan
Domains: Business
Module Description: This module is designed to further equip students with the technical knowledge, skills and competence to apply the requirements of international standards together with an ability to analyse and interpret financial statements. This module builds on prior knowledge to include the preparation of the statement of cash flows and an introduction to the preparation of consolidated financial statements. The depth and breadth of module content and assessment are designed to gain maximum exemptions from professional accountancy bodies, appropriate to an Honours Accounting programme.
 
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Evaluate and apply a selection of current international accounting standards
LO2 Prepare and interpret a statement of cash flows for a single entity
LO3 Analyse, interpret and report on financial statements to user groups
LO4 Understand and apply the basic principles of preparing consolidated financial statements for a simple group
Dependencies
Module Recommendations

This is prior learning (or a practical skill) that is recommended before enrolment in this module.
No recommendations listed
Co-requisite Modules
No Co-requisite modules listed
Additional Requisite Information
No Co Requisites listed
 
Indicative Content
International Accounting Standards - Specialised Topics
Leases (IFRS 16); Earnings per Share (IAS 33); Key differences between examinable IFRS and local GAAP FRS 102.
Financial Statements Preparation
Preparation of the Statement of Cash Flows in accordance with IAS 7
Analysis and Interpretation of Financial Statements
Calculation and interpretation of a full range of accounting ratios; Communication of analysis and interpretation of accounts; Limitations of interpretation techniques.
Introduction to the preparation of consolidated financial statements
Introduction to the concept of a group, the objective of consolidated financial statements and the motives for business combinations; Relationships between group companies and the circumstances for subsidiaries to be excluded from consolidation; Accounting considerations, including the treatment of intra-group transactions, intra-group dividends and calculation of goodwill at acquisition; Preparation of a basic set of consolidated financial statements for a wholly owned subsidiary.
Module Content & Assessment
Assessment Breakdown%
End of Module Formal Examination100.00%

Assessments

Full Time

Continuous Assessment
Assessment Type Other % of Total Mark 0
Timing Ongoing Learning Outcomes 1,2,3,4
Non-marked No
Assessment Description
Formative Assessments including MCQs / Short Numerical Answer Questions / Progress Tests
No Project
No Practical
End of Module Formal Examination
Assessment Type Formal Exam % of Total Mark 100
Timing End-of-Semester Learning Outcomes 1,2,3,4
Non-marked No
Assessment Description
End-of-Semester Final Examination
Reassessment Requirement
Repeat examination
Reassessment of this module will consist of a repeat examination. It is possible that there will also be a requirement to be reassessed in a coursework element.

SETU Carlow Campus reserves the right to alter the nature and timings of assessment

 

Module Workload

Workload: Full Time
Workload Type Workload Category Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact Class based instruction Every Week 4.00 4
Independent Learning Non Contact No Description Every Week 5.00 5
Total Weekly Contact Hours 4.00
Workload: Part Time
Workload Type Workload Category Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact Class Based Instruction Every Week 2.00 2
Independent Learning Time Non Contact No Description Every Week 7.00 7
Total Weekly Contact Hours 2.00
 
Module Resources
Recommended Book Resources
  • Alan Melville. (2019), International Financial Reporting, 7th. Pearson, [ISBN: 9781292293127].
Supplementary Book Resources
  • Margaret D'Arcy. (2019), An Introduction to Financial Accounting, 2nd. Chartered Accountants Ireland, [ISBN: 9781912350285].
  • Ciaran Connolly. (2018), International Financial Accounting and Reporting, 6th. Chartered Accountants Ireland, [ISBN: 9781912350025].
  • Barry Elliott and Jamie Elliott. (2019), Financial Accounting and Reporting, 19th. Pearson, [ISBN: 9781292255996].
This module does not have any article/paper resources
Other Resources
Discussion Note: