The purpose of the module is to equip students with the ability to prepare a set of financial statements in accordance with applicable reporting standards for a range of business structures. This module will be offered on the programme Higher Diploma in Accounting (title to be changed to Professional Diploma in Accounting)

This module will provide students with the ability to prepare a set of financial statements in accordance with applicable reporting standards in a professionally responsible manner. The topics covered in the module include: -> The preparation of company financial statements under International Financial Reporting Standards and the analysis of a set of financial statements. -> The preparation of group statements of financial position (including the calculation of goodwill, non-controlling interest, consolidated reserves, unrealised profits and fair value adjustments). -> A knowledge of the accounting implications of various International Financial Reporting Standards including accounting policies; events after the reporting period; construction contracts; income taxes; property, plant and equipment; leases; financial instruments; inventories.

Prepare and present company financial statements in accordance with IFRS Demonstrate a technical understanding of various accounting standards Descibe the conceptual framework for financial reporting Prepare and present group financial statements in accordance with IFRS

Appreciate how ethics can inform the financial reporting work of the professional accountant Adhere to the concept of professional judgement when applying accounting standards Acknowledge the political nature of various accounting standards

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The module will be taught through a combination of interactive lectures and tutorials. The most recent technical guidance and reporting standards as updated by the International Accounting Standards Board are adopted into the delivery of the module. The development of graduate attributes is encouraged by various means: Knowledgeable: A deep comprehension of financial reporting will be stimulated through practical in-class worked examples, coursework and private study Proactive: The module stipulates the need for independent self-study thereby encouraging students to take action in their own learning and development Creative: Students will develop a desire to learn and apply new reporting techniques by participating in class activities Responsible: Students will explore the concept of professional ethics in financial reporting by engaging in class discussions Collaborative: Students will develop a proficiency in working with others through tutorial groupwork Articulate: Communication and reporting skills are fostered through the preparation and presentation of financial statements for key stakeholder groups