Module Details
Module Code: |
BUSS C2317 |
Module Title:
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Financial Reporting 2
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Title:
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Financial Reporting 2
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Module Level:: |
7 |
Module Coordinator: |
Myles Kelly
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Module Author:: |
Susan Brennan
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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.
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Learning Outcomes |
On successful completion of this module the learner will be able to: |
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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.
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No recommendations listed |
Co-requisite Modules
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No Co-requisite modules listed |
Additional Requisite Information
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No Co Requisites listed
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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.
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Financial Statements Preparation
Preparation of the Statement of Cash Flows in accordance with IAS 7
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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.
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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.
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Module Content & Assessment
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Assessment Breakdown | % |
End of Module Formal Examination | 100.00% |
AssessmentsFull Time
End of Module Formal Examination |
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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.
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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 |
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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 |
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Non Contact |
No Description |
Every Week |
7.00 |
7 |
Total Weekly Contact Hours |
2.00 |
Module Resources
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Recommended Book Resources |
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Alan Melville. (2019), International Financial Reporting, 7th. Pearson, [ISBN: 9781292293127].
| Supplementary Book Resources |
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Margaret D'Arcy. (2019), An Introduction to Financial Accounting, 2nd. Chartered Accountants Ireland, [ISBN: 9781912350285].
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Ciaran Connolly. (2018), International Financial Accounting and Reporting, 6th. Chartered Accountants Ireland, [ISBN: 9781912350025].
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Barry Elliott and Jamie Elliott. (2019), Financial Accounting and Reporting, 19th. Pearson, [ISBN: 9781292255996].
| This module does not have any article/paper resources |
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Other Resources |
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, Irish Auditing and Accounting
Supervisory Authority,
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, Irish Accounting and Business Portal,
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, The International Federation of
Accountants,
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, Deloitte Touche – Summaries of
International Financial Reporting
Standards (IFRS),
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, The IFRS Foundation,
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, Chartered Accountants Ireland,
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, CPA Ireland (Certified Public
Accountants),
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, Association of Chartered Certified
Accountants,
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, Student Accountant - ACCA,
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, Chartered Institute of Management
Accountants,
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