- Student Records
Programme & Unit Catalogues

School of Management, Unit Catalogue 2011/12

MN30315: Advanced financial accounting

Click here for further information Credits: 6
Click here for further information Level: Honours (FHEQ level 6)
Click here for further information Period: Semester 1
Click here for further information Assessment: CW 25%, EX 75%
Click here for further information Supplementary Assessment: Like-for-like reassessment (where allowed by programme regulations)
Click here for further information Requisites: Before taking this unit you must take MN20018
Click here for further information 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.

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
* the ability to communicate relatively complex financial information in a form understandable to users of such information. FA

Business Combinations and Consolidated Financial Statements
Consolidated Balance Sheet
Consolidated Income Statement
Consolidated Balance Sheet and Income Statement
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
EPS and Equity Valuation
Accounting and capital markets.
Click here for further informationProgramme availability:

MN30315 is Compulsory on the following programmes:

School of Management
  • UMMN-AFB02 : BSc (hons) Accounting and Finance (Full-time) - Year 3
  • UMMN-AKB02 : BSc (hons) Accounting and Finance (Full-time with Thick Sandwich Placement) - Year 4

MN30315 is Optional on the following programmes:

School of Management
  • UMMN-ANB01 : BSc (hons) Business Administration (Full-time with Thin Sandwich Placements) - Year 4

NB. Programmes and units are subject to change at any time, in accordance with normal University procedures.