Undergraduate Programme and Module Handbook 2019-2020 (archived)
Module ECON2211: CORPORATE FINANCIAL REPORTING
Department: Economics and Finance
ECON2211:
CORPORATE FINANCIAL REPORTING
Type |
Tied |
Level |
2 |
Credits |
20 |
Availability |
Available in 2019/20 |
Module Cap |
None. |
Location |
Durham
|
Tied to |
NN43 |
Tied to |
N302 |
Tied to |
N304 |
Tied to |
NN42 |
Tied to |
N204 |
Tied to |
N206 |
Tied to |
N305 |
Tied to |
N306 |
Tied to |
N307 |
Prerequisites
- Introduction to Financial
Accounting ECOS1081.
Corequisites
Excluded Combination of Modules
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
- 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.
- 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.
- 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 |
|
Lectures |
20 |
weekly |
1 hour |
20 |
|
Revision Lectures |
2 |
weekly |
1 hour |
2 |
|
Seminars |
8 |
4 in term 1, 4 in term 2 |
1 hour |
8 |
■ |
Preparation and Reading |
|
|
|
170 |
|
Total |
|
|
|
200 |
|
Summative Assessment
Component: Examination |
Component Weighting: 100% |
Element |
Length / duration |
Element Weighting |
Resit Opportunity |
One written examination |
3 hours |
100% |
same |
End of term in class exercise on discursive topics in corporate financial reporting which will be submitted.
■ Attendance at all activities marked with this symbol will be monitored. Students who fail to attend these activities, or to complete the summative or formative assessment specified above, will be subject to the procedures defined in the University's General Regulation V, and may be required to leave the University