BACHELOR IN BUSINESS ADMINISTRATION (HONS) BUSINESS AND MANAGEMENT

Name of Course / Module Advanced Financial Reporting

Course Code FIN 6009

Name(s) of academic staff Mr Maheswaran Perumal

Rationale for the inclusion The rationale to include this module in the academic programme is because
of the course / module in this module is to provide a secure academic foundation in the core and
the programme closely related disciplines of accountancy and to maximize the number of
exemptions from the examinations of the professional accountancy bodies
through accreditation.
Semester and Year offered Year 3 Semester 1
Year 3 Semester 2
Total Student Learning
Time (SLT) L = Lecturer Total Guided
Self- and
T = Tutorial Face to face
Learning Independence
P = Practical Learning
O = Others L T P O 120
64
28 14 0 14

Credit Value 3
Prerequisite (if any) None

Objectives The aims of the programme seek, inter alia, to provide:

A basis of academic learning and discipline suitable for a sound foundation

for a subsequent career as a professionally qualified accountant or for any
career in management and business administration; and

A qualification accredited for examination exemption purposes by the

Association of Chartered Certified Accountants [ACCA], the Chartered
Institute of Management Accountants [CIMA] and the Association of
International Accountants [AIA].

This module delivers against these [and the other aims stated in the
Programme Specification] by providing a strong basis for further study and
up-to-date knowledge for use in employment.

In line with the University and Faculty goal of engaging closely with the
professional bodies, the module specification seeks to meet the
accreditation requirements [for examination exemption purposes] of the
Association of Chartered Certified Accountants, the Chartered Institute of
Management Accountants and the Association of International
Accountants.
Course Learning Upon the completion of this module, students should be able to:
Outcomes (CLO)  Demonstrate a critical understanding of the advanced aspects of
generally accepted international accounting principles and
techniques and supporting theory.
 Evaluate and challenge current and accepted accounting theory.
 Demonstrate the ability to prepare accounting statements in
compliance with international financial reporting standards,
discussion documents and exposure drafts.
ERICAN COLLEGE @ FACULTY OF BUSINESS, IT & SOCIAL SCIENCE
BACHELOR IN BUSINESS ADMINISTRATION (HONS) BUSINESS AND MANAGEMENT
Transferable Skills:
Skills and how they are
developed and assessed,
Project and practical
experience and Internship
Teaching-learning and
assessment strategy
Synopsis
Mode of Delivery
Assessment Methods and
Types
ERICAN COLLEGE @ FACULTY OF BUSINESS, IT & SOCIAL SCIENCE
Formative assessments are those interim assessment opportunities whereby
students can gain an enhanced understanding of how well they are
progressing with their learning; such opportunities may include some tests
being offered for the purposes of generating some feedback. Any mark
generated through formative assessment is for feedback purposes only and
will not contribute to the overall module grade. Formative assessments also
allow tutors to focus on the needs of the student group. Weekly
workshop/seminar questions and discussions will give the students
opportunities to self-assess their progress and in addition to informal
assessment by the lecturer in these sessions. Self-assessment questions form
as essential part of the on-line learning activities that students are expected
to undertake outside class. Model answers will be made available to enable
students to assess their own learning.
Lectures will introduce and examine the main principles of each topic.
Seminar/workshop sessions will be used to develop and apply the principles.
Students will be expected to undertake further reading as recommended in
the lectures, complete questions in preparation for and following on from
seminar/workshop sessions. In addition, students should complete any
questions not attempted in their seminars and use material to assess their
learning.
The programme philosophy is to provide a secure academic foundation in
the core and closely related disciplines of accountancy and to maximise the
number of exemptions from the examinations of the professional
accountancy bodies, through accreditation.
This module is consistent with this philosophy since it seeks to contribute to the
intellectual and personal development of students to the level of an honours
graduate in Accountancy by offering a body of current theoretical
knowledge and technical skills relevant to the advanced study of financial
reporting at Level 6. Final year students will be exposed to the latest, and
sometimes challenging and/or controversial, aspects of international
financial reporting.
It aims to develop a capacity for critical reasoning and rational analysis, the
ability to conceptualise problems, create reasoned value judgments and
opinions and the ability to solve practical problems.
Its teaching and learning strategy seeks to foster independent learning and
development and builds upon the financial accounting modules at Levels 4
and 5. It is highly relevant to the syllabi of ACCA, CIMA and AIA.
For full-time students, the module will be delivered through a combination of
lectures and seminars/workshops.
All students will be given a programme of study that includes an outline of
lecture topics, recommended reading and assessment requirements.
Where appropriate, BPP or equivalent software will be used to support
teaching and learning.
Assessment Component Distribution of Marks
Coursework 0%
Written examination 100%
TOTAL 100%
BACHELOR IN BUSINESS ADMINISTRATION (HONS) BUSINESS AND MANAGEMENT
Mapping of the course / This course is one of the core major courses that provide students with the
module to the Programme prerequisite knowledge and skills to communicate by using visual elements,
Learning Outcome (PLO) images and typography

Note: 1 = Low Correlation, 2 = Medium Correlation, 3 = High Correlation

PLO PLO PLO PLO PLO

1 2 3 4 5
CLO 1 M L M M L

CLO 2 M M H H M

CLO 3 L M M M H

CLO 4 M L M H H

Programme Learning Outcome (PLO):

 Prepare and analyse financial and management accounts,
statements and reports and give appropriate advice
 Demonstrate an understanding of the constraints on accountants
and managers imposed by economic and legal factors
 Prepare tax computations and give advice on personal and
corporate tax issues.
 Apply financial management theory and techniques and give
appropriate advice on financing, investment and distribution
 Apply the principles of internal and external auditing in relation to
financial review, control, accountability and assurance
Mapping of the course /
module to the Programme
SOCIAL SKILLS, TEAMWORK

Outcomes (PO)
THINKING AND SCIENTIFIC

COMMUNICATION SKILLS

ENTERPRENEURIAL SKILLS
VALUES, ETHICS, MORAL
AND PROFESSIONALISM

LIFELONG LEARNING
MANAGEMENT AND
AND RESPONSIBILITY

MANAGERIAL AND
PRACTICAL SKILLS

INFORMATION
KNOWLEDGE

SKILLS

LO1 LO2 LO3 LO4 LO5 LO6 LO7 LO8

PLO 1 H L H H L M M L

PLO 2 H M H M H M L L

PLO 3 H H L H L M M M

PLO 4 H H M H L H L L

PLO 5 H M L L H H M M

ERICAN COLLEGE @ FACULTY OF BUSINESS, IT & SOCIAL SCIENCE

BACHELOR IN BUSINESS ADMINISTRATION (HONS) BUSINESS AND MANAGEMENT
Content outline of the course / module and the SLT per topic

TOPICS L T P O SL TLT

Semester 1
Week 1 2 1 0 1 5 9
The regulatory framework; the IASB Framework for the
Preparation and Presentation of Financial Statements;
conceptual frameworks; the evaluation of various types of
accounting theory.
Week 2 2 1 0 1 5 9
The regulatory framework; the IASB Framework for the
Preparation and Presentation of Financial Statements;
conceptual frameworks; the evaluation of various types of
accounting theory.
Week 3 2 1 0 1 5 9
The regulatory framework; the IASB Framework for the
Preparation and Presentation of Financial Statements;
conceptual frameworks; the evaluation of various types of
accounting theory.
Week 4 2 1 0 1 5 9
The regulatory framework; the IASB Framework for the
Preparation and Presentation of Financial Statements;
conceptual frameworks; the evaluation of various types of
accounting theory.
Week 5 2 1 0 1 5 9
The regulatory framework; the IASB Framework for the
Preparation and Presentation of Financial Statements;
conceptual frameworks; the evaluation of various types of
accounting theory.
Week 6 2 1 0 1 5 9
The regulatory framework; the IASB Framework for the
Preparation and Presentation of Financial Statements;
conceptual frameworks; the evaluation of various types of
accounting theory.
Week 7 2 1 0 1 5 9
The regulatory framework; the IASB Framework for the
Preparation and Presentation of Financial Statements;
conceptual frameworks; the evaluation of various types of
accounting theory.
Week 8 2 1 0 1 5 9
The regulatory framework; the IASB Framework for the
Preparation and Presentation of Financial Statements;
conceptual frameworks; the evaluation of various types of
accounting theory.
Week 9 2 1 0 1 5 9
The regulatory framework; the IASB Framework for the
Preparation and Presentation of Financial Statements;
conceptual frameworks; the evaluation of various types of
accounting theory.
Week 10 2 1 0 1 5 9
Recently issued international financial reporting standards; the
more complex standards [e.g. IAS 19, IAS 32, IFRS 9 and IFRS 2];
discussion papers and exposure drafts; current and/or
controversial financial reporting issues.

ERICAN COLLEGE @ FACULTY OF BUSINESS, IT & SOCIAL SCIENCE

BACHELOR IN BUSINESS ADMINISTRATION (HONS) BUSINESS AND MANAGEMENT
Week 11 2 1 0 1 5 9
Recently issued international financial reporting standards; the
more complex standards [e.g. IAS 19, IAS 32, IFRS 9 and IFRS 2];
discussion papers and exposure drafts; current and/or
controversial financial reporting issues.
Week 12 2 1 0 1 3 7
Recently issued international financial reporting standards; the
more complex standards [e.g. IAS 19, IAS 32, IFRS 9 and IFRS 2];
discussion papers and exposure drafts; current and/or
controversial financial reporting issues.
Week 13 2 1 0 1 3 7
Recently issued international financial reporting standards; the
more complex standards [e.g. IAS 19, IAS 32, IFRS 9 and IFRS 2];
discussion papers and exposure drafts; current and/or
controversial financial reporting issues.
Week 14 2 1 0 1 3 7
Recently issued international financial reporting standards; the
more complex standards [e.g. IAS 19, IAS 32, IFRS 9 and IFRS 2];
discussion papers and exposure drafts; current and/or
controversial financial reporting issues.
28 14 0 14 64 120

Semester 2

Week 1 2 1 0 1 5 9
Recently issued international financial reporting standards; the
more complex standards [e.g. IAS 19, IAS 32, IFRS 9 and IFRS 2];
discussion papers and exposure drafts; current and/or
controversial financial reporting issues.
Week 2 2 1 0 1 5 9
Recently issued international financial reporting standards; the
more complex standards [e.g. IAS 19, IAS 32, IFRS 9 and IFRS 2];
discussion papers and exposure drafts; current and/or
controversial financial reporting issues.
Week 3 2 1 0 1 5 9
Recently issued international financial reporting standards; the
more complex standards [e.g. IAS 19, IAS 32, IFRS 9 and IFRS 2];
discussion papers and exposure drafts; current and/or
controversial financial reporting issues.
Week 4 2 1 0 1 5 9
Recently issued international financial reporting standards; the
more complex standards [e.g. IAS 19, IAS 32, IFRS 9 and IFRS 2];
discussion papers and exposure drafts; current and/or
controversial financial reporting issues.
Week 5 2 1 0 1 5 9
An introduction to consolidated financial statements, their
interpretation and analysis, complex groups, foreign
subsidiaries and capital reconstructions.
Week 6 2 1 0 1 5 9
An introduction to consolidated financial statements, their
interpretation and analysis, complex groups, foreign
subsidiaries and capital reconstructions.
Week 7 2 1 0 1 5 9
An introduction to consolidated financial statements, their
interpretation and analysis, complex groups, foreign
subsidiaries and capital reconstructions.
Week 8 2 1 0 1 5 9
An introduction to consolidated financial statements, their
interpretation and analysis, complex groups, foreign
subsidiaries and capital reconstructions.

ERICAN COLLEGE @ FACULTY OF BUSINESS, IT & SOCIAL SCIENCE

BACHELOR IN BUSINESS ADMINISTRATION (HONS) BUSINESS AND MANAGEMENT
Week 9 2 1 0 1 5 9
An introduction to consolidated financial statements, their
interpretation and analysis, complex groups, foreign
subsidiaries and capital reconstructions.
Week 10 2 1 0 1 5 9
An introduction to consolidated financial statements, their
interpretation and analysis, complex groups, foreign
subsidiaries and capital reconstructions.
Week 11 2 1 0 1 5 9
An introduction to consolidated financial statements, their
interpretation and analysis, complex groups, foreign
subsidiaries and capital reconstructions.
Week 12 2 1 0 1 3 7
An introduction to consolidated financial statements, their
interpretation and analysis, complex groups, foreign
subsidiaries and capital reconstructions.
Week 13 2 1 0 1 3 7
An introduction to consolidated financial statements, their
interpretation and analysis, complex groups, foreign
subsidiaries and capital reconstructions.
Week 14 2 1 0 1 3 7
An introduction to consolidated financial statements, their
interpretation and analysis, complex groups, foreign
subsidiaries and capital reconstructions.
28 14 0 14 64 120

Main References  Melville, A. International Financial Reporting: A Practical Guide. FT

Prentice Hall
Additional References  Alexander. D., Britton, A and Jorissen, A. International Financial
Reporting and Analysis. Cengage. Elliott, J. and Elliott, J. Financial
Accounting and Reporting. FT Prentice Hall Collins, B. and McKeith, J.
Financial Accounting and Reporting. McGraw Hill Accountancy the
journal of ICAEW. Student Accountant, ACCA.
Others Journals
 Accounting Auditing and Accountability
 Accounting Organisation and Society
 Accounting Horizons
 Accounting Review
 British Accounting Review
 Critical Perspectives on Accounting
 European Accounting Review
 International Journal Of Accounting
 Journal Of Accounting Research
 Review of Accounting and Finance

ERICAN COLLEGE @ FACULTY OF BUSINESS, IT & SOCIAL SCIENCE