ULMS Electronic Module Catalogue

The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module.
Title CORPORATE REPORTING AND ANALYSIS
Code ACFI302
Coordinator Mr A Deller
Finance and Accounting
Adam.Deller@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2021-22 Level 6 FHEQ Second Semester 15

Pre-requisites before taking this module (other modules and/or general educational/academic requirements):

ACFI201 FINANCIAL REPORTING 1; ACFI309 FINANCIAL REPORTING 2; ACFI101 INTRODUCTION TO FINANCIAL ACCOUNTING 

Modules for which this module is a pre-requisite:

 

Programme(s) (including Year of Study) to which this module is available on a required basis:

 

Programme(s) (including Year of Study) to which this module is available on an optional basis:

 

Teaching Schedule

  Lectures Seminars Tutorials Lab Practicals Fieldwork Placement Other TOTAL
Study Hours 36

        12

48
Timetable (if known) 180 mins X 1 totaling 36
 
        60 mins X 1 totaling 12
 
 
Private Study 102
TOTAL HOURS 150

Assessment

EXAM Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
Assessment 1: Written Unseen Examination Assessment Type: Written Exam Duration: 2 hours Weighting: 60% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL penalty appl  2 hours    60       
CONTINUOUS Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
Assessment 2: Coursework Assessment Type: Coursework Size: 2500 words and presentation slides Weighting: 40% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL penalty  2500 words and prese    40       

Aims

This module aims to develop students understanding of financial reporting to an advanced level by building upon the knowledge and skills gained in earlier financial reporting modules.  Complex IFRS on topics such as share based payments and deferred tax will be looked at.
This module also aims to develop students consolidated accounting skills by looking at complex business combinations.
This module also aims to develop an understanding of financial statement analysis using financial reporting and business strategy skills developed in this and earlier modules.
This module aims to give students an appreciation of the ethical and professional issues an accountant may face in practice and develop an understanding of how to deal with those issues.


Learning Outcomes

(LO1) Students will be able to prepare and evaluate single company financial statements, or extracts thereof, in accordance with IFRS for complex transactions.

(LO2) Students will be able to account for complex business combinations in accordance with International Accounting Standards.

(LO3) Students will be able to analyse and interpret financial statements and other financial information and draw appropriate conclusions.

(LO4) Students will learn to appraise ethical, CSR and professional issues for an accountant undertaking work in corporate reporting and recommend courses of action.

(S1) Problem solving skills

(S2) Numeracy

(S3) Commercial awareness

(S4) Organisational skills

(S5) Communication skills

(S6) International awareness

(S7) Lifelong learning skills

(S8) Ethical awareness


Teaching and Learning Strategies

Teaching Method: Lecture
Scheduled Directed Student Hours: 36
Attendance Recorded: Yes
Notes: 12 x 3 hour

Teaching Method: Online Tutorial
Scheduled Directed Student Hours: 12
Attendance Recorded: Yes
Notes: 12 x 1 hour tutorials (Adobe Connect)

Self-Directed Learning Hours: 102

Costs Information:
There is no incremental cost burden placed on students by taking this module. We do recommend that students buy a copy of the core textbook, but this is not a mandatory requirement.

Skills/Other Attributes Mapping

Skills / attributes: Ethical awareness
How this is developed: The ethical and professional issues faced by accountants will be discussed
Mode of assessment (if applicable): Examination

Skills / attributes: Lifelong learning skills
How this is developed: This module forms a good basis for professional accounting exams. Students will be encouraged to keep up with accounting standards as they change rapi dly and it is important for a professional accountant to maintain good continuing professional development
Mode of assessment (if applicable)

Skills / attributes: International awareness
How this is developed: The accounting standards that we look at are International Financial Reporting Standards (IFRS) and the concepts that we look at can be applied to international business.
Mode of assessment (if applicable): Examination

Skills / attributes: Communication skills
How this is developed: The coursework requires both a report and presentation slides to be submitted. Both of these assessments will require good communication skills.
Mode of assessment (if applicable): Coursework

Skills / attributes: Organisational skills
How this is developed: The coursework will require both a report and presentation slides to be submitted. The way work is organised and presented your work will be assessed. Time management is an essential skill that needs to be exercised on this module to do well in the different assessments.
Mode of assessment (if applicable): Coursework

Skills / attributes: Commercial awareness
How this is developed: The coursework will require students to look at annual reports of UK listed companies and discuss issues that arise from those reports.
Mode of assessment (if applicable): Coursework

Skills / attributes: Numeracy
How this is developed: As this is an accounting module numeracy is a key skill that is needed and integral to the module.
Mode of assessment (if applicable): Examination

Skills / attributes: Problem solving skills
How this is developed: Scenario based questions will be given that look at complex business transactions. Skills will be developed of how to deal with those problems.
Mode of assessment (if applicable)


Syllabus

 

Analysing and interpreting financial statements;
Limitations of financial statements and interpretation technique;
IFRS 8 Operating Segments;
IAS 33 Earnings Per Share (including diluted EPS);
Advanced Group Accounting to include:
· Complex Group Structures
· Piecemeal Acquisitions
· Overseas Groups
IAS 12 Income Taxes (Deferred Tax);
IAS 19 Employee Benefits;
IFRS 2 Share Based Payments;
Current Issues in Corporate Reporting.


Recommended Texts

Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module.