Description:
| Aims: The aim is to review key topics in accounting for groups of companies and to develop a critical understanding of the role of accounting information in capital markets.
Learning Outcomes: By the end of this unit students will be able to:
* apply and critically evaluate alternative for accounting techniques for group financial statements, leases, cash flows, foreign currency and EPS
* understand the relationship between accounting information and capital markets and discuss this relationship by reference to empirical evidence
* apply residual income valuation models
* work in teams
* make intellectually coherent presentations.
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 reporting, 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. TFA
* awareness of ethical and accountability issues for corporate entities. FA
Personal/Interpersonal
* the ability to communicate relatively complex financial information in a form understandable to users of such information. FA
Content: Consolidated Balance Sheet and Income Statement
Associates & Joint Ventures
Cash Flow Accounting
Leases
EPS and Equity Valuation
Accounting concepts, decision usefulness and decision theory
EMH, information perspective and market anomalies
Measurement perspective and valuation models
Earnings management.
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