Module ACCT3171: Advanced Financial Reporting

Department: Accounting

ACCT3171: Advanced Financial Reporting

Type	Level	Credits	Availability	Module Cap	Location
Tied	3	20	Available in 2026/2027		Durham

Tied To

Pre-requisites

ACCT 2141 Intermediate Financial Reporting OR ACCT2101 Financial Reporting OR ACCT2031 Corporate Financial Reporting

Corequisites

None

Excluded Combinations

None

Aims

To enable students to apply technical knowledge, analytical techniques and professional skills to resolve compliance and business issues that arise in the context of the preparation and evaluation of corporate reports.

Content

International Financial Reporting Standards and reporting concepts
Single company financial statements, including more complex accounting scenarios and accounting analysis and techniques
Consolidated financial statements, including more complex group structures and Statements of Cashflows
Changes in group structure
The impact of environmental, social and ethical factors on performance measurement
Sustainability and integrated reporting
Reporting for not-for-profit organisations

Learning Outcomes

Subject-specific Knowledge

On completion of this module students should be able to:
Formulate, implement, and evaluate corporate reporting policies for single entities and groups of varying sizes and in a variety of industries.
Discern and formulate the appropriate financial reporting treatment for complex transactions and complex scenarios.
Evaluate and apply technical knowledge from individual accounting standards and apply professional skills to integrate knowledge where several accounting standards are simultaneously applicable.

Subject-specific Skills

On completion of this module students should be able to:
Demonstrate a detailed knowledge and understanding of relevant regulations in financial reporting and ethics, applied to practical business scenarios.
Explain and apply IFRS and prepare financial statements and extracts thereof from given scenarios.
Prepare consolidated financial statements and explain the application of IFRS to specified group scenarios.
Understand the impact of environmental, social and ethical factors on performance measurement.
Explain the need for sustainability and integrated reporting.

Key Skills

Problem solving and analytical skills
Planning and organisational skills
Critical analysis and judgment skills
Communication and reporting skills: the ability to communicate complex ideas effectively

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

Learning will be based on knowledge transfer from workshops, blended learning materials, and independent study; workshop activities and discussions will provide the technical awareness of topics in a comprehensive form.
The formative assessment will be a practice test.
Summative assessment will consist of an on campus written examination.

Teaching Methods and Learning Hours

Activity	Number	Frequency	Duration	Total Hours	Attendance Monitored
Workshops	20	2 per week	2 hours	40	Yes
Preparation and Reading				160
Total				200

Summative Assessment

Component	Component Weighting	Element	Length/Duration	Element Weighting	Resit Opportunity
Examination	70%	On Campus Written Examination	3 hours	100%
Assignment	30%	Assignment	2,500 words	100%

Formative Assessment

Practice test

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.