Advanced Financial Reporting

This module evaluates assesses the conceptual issues of financial reporting. The theoretical principles underpinning individual accounting standards will be explained and applied to a wide variety of business situations. The ethical duties of professional accountants when applying accounting standards will be assessed.

1. Interpret, evaluate and apply the principles of specific International Accounting Standards and International Financial Reporting Standards

2. Evaluate and discuss the professional duties of an accountant 

3. Identify the key differences between FRS 102 and International Accounting standards and International Financial Reporting Standards

4. Evaluate current developments by the IASB and their likely impact on the accounting profession