Financial Reporting

This module will introduce students to:

 - International Financial Reporting Standards.  The standards will be examined both from a theoretical and practical point of view.

 - Preparation of Consolidated Financial Statements.

 - Preparation of Cashflow statements.

1. Describe the role and structure of the International Accounting Standards Board.

2. Discuss and apply a conceptual framework for financial reporting.

3. Prepare financial statements in a form suitable for publication with appropriate notes which conform with International Accounting Standards.

4. Evaluate and apply a selection of current International Standards

5. Apply the principles of preparing consolidated financial statements for a group of companies in accordance with accounting standards.

6. Prepare and interpret cash flow statements for single companies.

7. Discuss contemporary issues in financial reporting such as sustainability and ESG (Environmental, Social and Governance) reporting and illustrate the accountant's role, including ethical responsibilities.