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
Accounting and capital markets.
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