Overview

To acquire advanced knowledge of financial accounting in the context of companies, groups of companies and to study selected accounting standards and their application in a social and business context.

The course will cover the following:

• The IASB regulatory and conceptual framework. • Relevant IFRSs. • Preparation of single company financial statements. • Preparation of consolidated financial statements. • Accounting related to associates and joint ventures. • Financial analysis using ratios. • Environment and social reporting.

Assessment Strategy

-threshold -D- to D+ (40-49%): No major omissions or inaccuracies in the deployment of information/skills. Some grasp of theoretical/conceptual/practical elements. Integration of theory/practice/information present intermittently in pursuit of the assessed work's objectives.

-good -B- to B+ (60-69%): Very good performance Most of the relevant information accurately deployed. Good grasp of theoretical/conceptual/practical elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Evidence of the use of creative and reflective skills.

-excellent -A- to A+ (70%+): Outstanding performance. The relevant information accurately deployed. Excellent grasp of theoretical/conceptual/practice elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Strong evidence of the use of creative and reflective skills.

-another level-C- to C+ (50-59%): Much of the relevant information and skills mostly accurately deployed. Adequate grasp of theoretical/conceptual/practical elements. Fair integration of theory/practice/information in the pursuit of the assessed work's objectives. Some evidence of the use of creative and reflective skills.

Learning Outcomes

• Analyse the economic impact of business decisions and the concept of corporate responsibility in the context of business.

• Demonstrate an understanding of accounting standards and their application in financial reporting.

• Prepare consolidated financial statements in accordance with relevant International Financial Reporting Standards.

• Prepare single company financial statements and cash flow statements by applying core accounting knowledge and IFRS.

• Utilise ratio analysis to evaluate a company's financial and operational performance.