91app

Beginning with the foundations of financial reporting and the IFRS framework, students will progress through key areas including the preparation and presentation of financial statements, analysis of cash flows, and evaluation of financial performance using ratio analysis. The module also covers business combinations and group accounts, providing insights into mergers and acquisitions accounting. Additionally, students will engage with contemporary topics such as corporate governance, ethical considerations, and integrated financial reporting and sustainability initiatives. Real-world case studies and applications ensure that students not only understand theoretical concepts but also apply them confidently in complex business environments. Basic knowledge of accounting is assumed.

Topics covered

• Introduction to financial reporting and accounting frameworks 
• Preparation and presentation of financial statements 
• Statement of cash flows: preparation and analysis 
• Revenue recognition  
• Recognition and measurement of assets: Property Plant and Equipment (PPE) and intangibles 
• Liabilities, financial instruments and taxation in financial reporting 
• Group accounts and consolidation principles 
• Financial statement analysis and ratio interpretation 
• Corporate governance and ethical considerations in financial reporting 
• Integrated reporting and sustainability

Learning outcomes

By completing this module successfully, you should be able to:

• Develop a thorough understanding of financial reporting principles and IFRS standards 
• Interpret and analyse financial statements to inform strategic business decisions 
• Apply appropriate accounting standards to key financial areas such as assets, liabilities, and business combinations 
• Evaluate financial performance using ratio analysis and other analytical tools. 
• Demonstrate critical thinking and problem-solving skills in financial reporting contexts 
• Communicate financial insights and analysis effectively to stakeholders in various business scenarios. 

Assessment

This module is assessed by:

Coursework (50% weighting):

• There is one item of coursework for this module which contributes to the final assessment mark for this module.
• Coursework: a written essay of a maximum of 2,000 or 2,500 words (deadline: – weeks 9-12). The coursework is designed to check student progress, extend and reinforce concepts covered and also test individual performance.

Examination (50% weighting):

• The final piece of assessment will be an unseen written examination of 2 hours’ duration.