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MN30315: Advanced financial accounting

Follow this link for further information on academic years Academic Year: 2013/4
Further information on owning departmentsOwning Department/School: School of Management
Further information on credits Credits: 6
Further information on unit levels Level: Honours (FHEQ level 6)
Further information on teaching periods Period: Semester 1
Further information on unit assessment Assessment: CW 25%, EX 75%
Further information on supplementary assessment Supplementary Assessment: Like-for-like reassessment (where allowed by programme regulations)
Further information on requisites Requisites: Before taking this unit you must take MN20018
Further information on descriptions 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.
Further information on programme availabilityProgramme 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

* This unit catalogue is applicable for the 2013/4 academic year only. Students continuing their studies into 2014/15 and beyond should not assume that this unit will be available in future years in the format displayed here for 2013/14.
* Programmes and units are subject to change at any time, in accordance with normal University procedures.
* Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.