Module Code - Title:
AC4007
-
ADVANCED FINANCIAL REPORTING
Year Last Offered:
2025/6
Hours Per Week:
Grading Type:
Prerequisite Modules:
Rationale and Purpose of the Module:
The aim of this module is to develop a student's understanding of the theory and practice of selected international accounting standards. It encourages the student to critically evaluate selected accounting standards in light of their historical development and regulatory context.
Syllabus:
The module will consider the theory and practice of selected international accounting standards and issues. Focus will be on the preparation and reporting of information to external users of financial information, especially, but not exclusively, equity investors. The international accounting standards and issues are examined in light of their historical development and discussions will not be solely around the actual content but what the regulations ought to be or might be. The module will cover the International Financial Reporting Standards.
Learning Outcomes:
Cognitive (Knowledge, Understanding, Application, Analysis, Evaluation, Synthesis)
• Be familiar with the techniques required for selected accounting issues.
• Apply current reporting practice in relation to specialised topics as required by international accounting standards.
• Evaluate current reporting practice in relation to specialised topics.
• Understand the economic consequences and the political nature of accounting standard setting.
Affective (Attitudes and Values)
• Critically evaluate proposed changes in reporting practice for selected accounting issues.
Psychomotor (Physical Skills)
N/A
How the Module will be Taught and what will be the Learning Experiences of the Students:
This module will be taught through a combination of lectures and tutorials. Students will be expected to actively participate in both lectures and tutorials. Students will be expected to be proactive in their approach to lectures and tutorials. They will be required to prepare, in a creative way for both lectures and tutorials.
Students will be required to consider current research debating contemporary issues in a proactive way and to take responsibility for their learning experience in an independent fashion. To promote self-learning and learning by doing, continuous assessment is built into the module.
The need for reflection will be addressed by consideration of in what manner different approaches can drastically change how financial statements are prepared and viewed.
Research Findings Incorporated in to the Syllabus (If Relevant):
Prime Texts:
Elliott, B. and J. Elliott (2013)
Financial Accounting and Reporting, 16th edition.
, Financial Times, Prentice Hall.
Cotter, D. (2012)
Advanced Financial Reporting, A Complete Guide to IFRS.
, Financial Times, Prentice Hall.
Other Relevant Texts:
Melville, A. (2013)
International Financial Reporting, A Practical Guide, 4th edition.
, Financial Times, Prentice Hall.
Connolly, C. (2013)
International Financial Accounting and Reporting, 4th edition.
, Chartered Accountants Ireland.
Alexander, D., Britton, A., Jorisen, A., Hoogendoorn, M. and van Mourik, C. (2014)
International Financial Reporting and Analysis.
, Centage Learning.
Kieso, D.E., Jerry J. Weygandt, J.J. and Terry D. Warfield, T.D. (2014)
Intermediate Accounting, 15th edition.
, Wiley.
Schroeder, R.G., Myrtle W. Clark, M.W. and Cathey. (2013)
Financial Accounting Theory and Analysis: Text and Cases, 11th edition.
, Wiley
Programme(s) in which this Module is Offered:
BALAACUFA - LAW AND ACCOUNTING
BBBUSTUFA - BUSINESS STUDIES
BBBSFRUFA - FRENCH
BBBSGEUFA - GERMAN
BBBSJAUFA - JAPANESE
Semester(s) Module is Offered:
Autumn
Module Leader:
ruth.lynch@ul.ie