MM205A: Corporate Financial Reporting: 1

Module Provider:

Management

Number of credits:

20 [10 ECTS credits]

Level:

I (Intermediate)

Terms in which taught:

Autumn

Module Convenor:

Mrs JE Cooper

Pre-requisites:

MM1F2

Co-requisites:

Modules excluded:

Module version for:

2007/8

Aims:
This module aims to develop and add to the knowledge, understanding and skills of financial accounting acquired in the level C module Introductory Financial Accounting.

This involves a more detailed consideration of the various contexts in which financial accounting operates, in particular a consideration of the theoretical and empirical evidence relating to the interaction of accountancy with regulatory systems, and of the technical language and practices of financial accounting with respect to preparing and presenting the corporate financial reports that result.

Assessable learning outcomes:
By the end of the module it is expected that the student will be able to:
1. Describe and discuss the key elements of the legal, regulatory and conceptual frameworks of accounting, and changes therein over time.
2. Critically appraise the contributions of the above frameworks to current financial accounting reporting and practice.
3. Prepare company corporate financial statements in a form suitable for publication.
4. Analyse, summarise and synthesise selected relevant academic and professional literature
5. Organise and present information clearly, succinctly and in the required format, both under timed conditions and in assessed work.

Additional outcomes:
The module also aims to encourage the development of oral communication skills, and the students’ effectiveness in group situations. Structured activities are designed to develop independent learning skills. Students are encouraged to develop additional IT skills by use of relevant web resources and communication techniques, including Blackboard

Outline content:
1. Frameworks for accounting: historical, legal, regulatory and conceptual.
2. Specific techniques and regulations: preparation of company financial statements; reporting financial performance; cash-flow statements.

Brief description of teaching and learning methods:
Lectures of two hours per week will be used for the exposition of the major concepts, principles and techniques under consideration. Seminars of one-hour duration will be used for student-led presentations or discussions. Workshops of two hours duration will be used for numerical practice.

Contact hours:

Assessment:
Coursework
Students will complete write one c.3,000 word essay.
Relative percentage of coursework: Coursework has a weight of 20% in the final assessment mark.
Examination:
One 3-hour unseen written paper.Part 2 examinations begin in week 39 of the Summer term.
Requirements for a pass:
A minimum mark of 40%.
Reassessment arrangements:
Re-examination for Part 2 modules takes place in September of the same year.