This is an archived handbook for a previous year. The current undergraduate and postgraduate handbooks can be viewed using the links above.

Undergraduate Handbook 2017-2018 (archived)

Module BUSS2071: CORPORATE FINANCIAL REPORTING

Department: Business School (Business) [Queen's Campus, Stockton]

BUSS2071: CORPORATE FINANCIAL REPORTING

Type	Level	Credits	Availability	Module Cap	Location
Tied	2	20	Available in 2017/2018		Queen's Campus Stockton

Tied To

Pre-requisites

ECOS1081, Introduction to Financial Accounting.

Corequisites

None.

Excluded Combinations

None.

Aims

To develop the technical skills introduced at level one. The module addresses the preparation of financial statements for a single company and a company group, including the application of relevant International Financial Reporting Standards.

Content

The regulatory framework.
Objectives of financial reporting and conceptual framework.
Preparation of the Comprehensive Income Statement and Statement of Financial Performance (Balance Sheet) for a single company to reflect complex accounting adjustments.
Accounting for tangible and intangible assets.
Accounting for provisions including deferred taxation.
Revenue and Liability Recognition.
Accounting for changes in equity (including understanding statements of changes in equity).
Supplementary disclosure including segmental reporting and related party transactions.
Earnings Per Share (EPS).
Accounting for business combinations.

Learning Outcomes

Subject-specific Knowledge

Understand the underpinning concepts which govern the preparation of financial statements.
Understand the importance of professional ethics, regulation, and coherent conceptual frameworks to the preparation of high quality corporate reports.

Subject-specific Skills

Be able to prepare complex accounting adjustments in line with accounting standards.
Be able to explain accounting adjustments to non-accountants.
Be able to prepare a basic set of accounts for a group.

Key Skills

Written Communication - through the examination and summative assignment.
Numeracy - through the examination and summative assignment.

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

Lecture delivery will cover the technical material underpinning the course as preparation for seminars which will enable students to develop the skills of accounts preparation and interpretation.
The formative assessment seeks to ensure that the development of the higher interpretative skills required in the examination are actioned by students before Christmas and can be supported through feedback. This reflects the teaching order whereby the workshops supporting the interpretation of financial reports are timetabled in term one and the formative assessment leads directly on from this class contact.
Summative assessment is in the form of an examination which addresses the students' understanding of the key concepts introduced in the module.

Teaching Methods and Learning Hours

Activity	Number	Frequency	Duration	Total Hours	Attendance Monitored
Lectures	21	1 weekly	1 hour	21
Seminars	8	4 in term 1, 4 in term 2	1 hour	8	Yes
Preparation and Reading				171
Total				200

Summative Assessment

Component	Component Weighting	Element	Length/Duration	Element Weighting	Resit Opportunity
Examination	100%	One written examination	3 hours	100%	same

Formative Assessment

End of term in class exercise on discursive topics in corporate financial reporting which will be submitted.

Students who do not attend monitored activities shown under Teaching Methods and Learning Hours, or who fail to complete the summative or formative assessment(s) specified above, may be subject to the Academic Progress procedures defined in the University's General Regulation V, and may be required to leave the University.