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. In an increasingly globalised reporting environment, the module is essential in helping students appreciate how international standards promote transparency, comparability and accountability across jurisdictions. The growing use of digital reporting technologies and data‑driven analytical tools in international financial reporting further highlights the importance of understanding how standards are evolving in practice. The module also equips students with the analytical skills needed to interpret complex reporting issues that arise in multinational organisations and to understand how these issues are shaped by ongoing regulatory, economic and professional developments.

The conceptual foundations and historical development of key International Financial Reporting Standards (IFRS) standards relating to property, plant and equipment in terms of initial recognition, subsequent measurement and depreciation; intangibles in terms of recognition, measurement, amortisation, impairment: investment property in terms of fair value model, rental and appreciation; borrowing costs in terms of capitalisation, qualifying assets, interest allocation; inventories in terms of cost measurement, NRV, costing methods; revenue recognition and the preparation of financial statement extracts; measurement and disclosure requirements; methods for communication of financial statements to external stakeholders.

On successful completion of this module, students will be able to: Recognise and explain the techniques required for selected accounting issues. Apply current reporting practice in relation to specialised topics as required by international accounting standards. Discuss and critically reflect on sustainability reporting compliance. Analyse and apply a comprehensive range of International Financial Reporting Standards and sustainability‑related reporting requirements to complex business scenarios, demonstrating an advanced understanding of their technical foundations, conceptual frameworks and regulatory development within international financial reporting practice.

On successful completion of this module, students will be able to: Critically evaluate current reporting practice in relation to specialised topics, demonstrating an understanding of the economic, ethical and political context in which standards are developed.

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The Module will be taught through a combination of lectures, tutorials and case studies through which the student will acquire the technical skills and knowledge required to prepare financial statements under IFRS. Research led teaching will inform the delivery of sustainability related reporting compliance. The use of sustainability case studies, will enable students experiential learning. This module will prioritise the graduate attributes of being ‘responsible’ and ‘articulate’ by providing students with opportunities to discuss and engage with complex real-life financial transactions, and communicate the correct disclosure for such transactions, whilst understanding fully the consequences of such disclosures for a range of stakeholders.