School of Management, Unit Catalogue 2009/10 |
MN30315: Advanced financial accounting |
 Credits:
| 6 |
| Level:
| Honours |
| Period: | Semester 1 |
| Assessment:
| CW 25%, EX 75% |
| Supplementary Assessment: | Like-for-like reassessment (where allowed by programme regulations) |
| Requisites:
| Before taking this unit you must take MN20018 |
| Description: | Aims: The aim is to provide students with an understanding of selected key topics in accounting for the transactions of groups of companies and to provide a basis for evaluating alternative accounting methods. Develop a critical understanding of the role of accounting in capital markets and in resolving conflicts between contracting parties. Learning Outcomes: At the end of this module students will be able to: * apply and critically evaluate alternative accounting techniques for consolidating financial statements, changing prices, depreciation, cash flow, foreign currency and EPS; * explain the role of financial accounting as a means to resolve conflict among contracting parties and to apply this understanding to evaluate the financial reporting requirements of organizations; * understand the relationship between accounting information and capital markets and highlight this relationship by reference to empirical evidence; * discuss current debates and issues in financial accounting. Skills: Intellectual Skills * the ability to appropriately apply a framework of rules, regulations and principles to financial information; TFA * the ability to interpret financial information; TFA * the ability to identify issues of controversy in financial accounting and discuss them. TFA Professional Practical Skills * the ability to prepare financial reporting information in a form suitable for publication in compliance with regulatory requirements; TFA * the ability to analyse financial information and draw business-relevant conclusions; TFA * sensitivity to potential accounting issues deriving from future developments in business practice and transactions. FA Transferable/Key Skills * the ability to manipulate financial data to achieve a specified objective in accordance with rules, regulations and principles. FA Personal/Interpersonal * the ability to communicate relatively complex financial information in a form understandable to users of such information. FA Content: * Business Combinations and Consolidated Financial Statements * Consolidated Balance Sheet * Consolidated Income Statement * Consolidated Balance Sheet and Income Statement * Associates * Joint Ventures * Economic Concepts of Income: ex ante; ex post & windfalls * Accounting for Changing Price Levels & Re-measurement * Cost of Sales Adjustment & Theory of Depreciation * Cash Flow Accounting * Leases * EPS and Equity Valuation * Brands and Intangibles * Accounting and capital markets. |