To require students to discuss, apply and evaluate the concepts, principles and practices that underpin the preparation and interpretation of corporate reports in various contexts;

To assess managements’ stewardship from an ethical perspective;

To address the information needs of a diverse group of stakeholders.

(LO1) Students will be able to apply fundamental ethical and professional principles to ethical dilemmas and discuss the consequences of unethical behaviour.

(LO2) Students will be able to evaluate the appropriateness of the financial reporting framework and critically discuss changes in accounting regulation.

(LO3) Students will be able to apply professional judgement in the reporting of the financial performance of a range of entities.

(LO4) Students will be able to prepare the financial statements of groups of entities.

(LO5) Students will be able to interpret financial statements for different stakeholders.

(LO6) Students will be able to communicate the impact of changes in accounting regulation on financial reporting.

(S1) Flexibility and adaptability. Adaptability is demonstrated in lectures and assessments by reflecting on and responding to different scenarios and environments.

(S2) Problem solving skills. Problem solving is an integral part of the learning and assessment process due to its practical nature.

(S3) Numeracy. Numeracy skills will be developed through the application of techniques taught in lectures to various data sets.

(S4) Commercial awareness. Commercial awareness is developed through the use of practical real life examples in the lectures and supported self-learning.

(S5) Organisational skills. Organisational skills will be developed through prioritising time and deadlines, including time management in assessments.

(S6) Communication skills. Communication skills will be developed through practice examples and formative and summative assessment.

(S7) International awareness. Students will be encouraged to reflect on the international relevance of each topic studied.

(S8) Lifelong learning skills. Practical learning techniques which will provide a foundation for future learning and development.

(S9) Ethical awareness. Coverage of examples about ethical awareness in the interactive lecture environment and supported self learning.

Interactive Lectures x 77 hours
Lectures will be delivered in full day blocks (11 days x 7 hours). A full day block of lectures involves the student attending class from 9am to 5pm with breaks. The day involves a range of activities which can include lectures, guided scenario and question practice, group work and open discussion on relevant business areas. Full day contact with academic staff therefore provides the opportunity for students to interact with each other and with academic staff, to work in teams and receive real time guidance.

Formative Progress Test x 3.25 hours

Self-directed learning x 119.75 hours
Students will utilise self-directed learning hours to undertake follow-up suggested work and wider reading.

A. Fundamental ethical and professional principles

B. The financial reporting framework

C. Reporting the financial performance of a range of entities

D. Financial statements of groups of entities

E. Interpret financial statements for different stakeholders

F. The impact of changes in accounting regulation

Library resources will be accessible through ‘Reading Lists @ Liverpool’

Vital will be used to support the module.

Practice question and solutions will be provided.