BACHELOR IN BUSINESS ADMINISTRATION (HONS) BUSINESS AND MANAGEMENT

Name of Course / Module Financial Reporting

Course Code ACC 5008

Name(s) of academic staff Mr Maheswaran Perumal

Rationale for the inclusion The rationale to include this module in the academic programme is because
of the course / module in this module is to provide a secure academic foundation in the core and
the programme closely related disciplines of accountancy and to maximize the number of
exemptions from the examinations of the professional accountancy bodies
through accreditation.
Semester and Year offered Year 2 Semester 1
Year 2 Semester 1
Total Student Learning
Time (SLT) L = Lecturer Total Guided
Self- and
T = Tutorial Face to face
Learning Independence
P = Practical Learning
O = Others L T P O
64 120
28 14 0 14

Credit Value 3
Prerequisite (if any) None

Objectives The aims of the programme seek, inter alia, to provide:

1. a basis of academic learning and discipline suitable for a sound foundation

for a subsequent career as a professionally qualified accountant or for any
career in management and business administration; and

2. a qualification accredited for examination exemption purposes by the

Association of Chartered Certified Accountants [ACCA], the Chartered
Institute of Management Accounts [CIMA] and the Association of
International Accountants [AIA].

This module delivers against these [and the other aims stated in the
Programme Specification] by providing, with the level 6 module, Advanced
Financial Reporting, a strong basis for further study and should equip students
with up-to-date knowledge of use in employment.

In line with the University and Faculty goal of engaging closely with the
professional bodies, the module specification seeks to meet the
accreditation requirements [for examination exemption purposes] of the
Association of Chartered Certified Accountants, the Chartered Institute of
Management Accountants and the Association of International
Accountants.
Course Learning Upon the completion of this module, students should be able to:
Outcomes (CLO)  Develop an ability to analyse and interpret the accounting disclosure
requirements of the Companies Acts and relevant Financial Reporting
Standards.
 Critically discuss the theoretical justification of the policies advocated
in financial reporting standards and to identify and appreciate
alternative approaches.
ERICAN COLLEGE @ FACULTY OF BUSINESS, IT & SOCIAL SCIENCE
BACHELOR IN BUSINESS ADMINISTRATION (HONS) BUSINESS AND MANAGEMENT
Transferable Skills:
Skills and how they are
developed and assessed,
Project and practical
experience and Internship
Teaching-learning and
assessment strategy
Synopsis
Mode of Delivery
Assessment Methods and
Types
ERICAN COLLEGE @ FACULTY OF BUSINESS, IT & SOCIAL SCIENCE
 Demonstrate the ability to prepare accounting statements (in full or
extracts) in compliance with international financial reporting
standards.
Formative assessments are those interim assessment opportunities whereby
students can gain an enhanced understanding of how well they are
progressing with their learning; such opportunities may include some tests
being offered for the purposes of generating some feedback. Any mark
generated through formative assessment is for feedback purposes only and
will not contribute to the overall module grade. Formative assessments also
allow tutors to focus on the needs of the student group. Weekly
workshop/seminar questions and discussions will give the students
opportunities to self-assess their progress and in addition to informal
assessment by the lecturer in these sessions. Self-assessment questions form
as essential part of the on-line learning activities that students are expected
to undertake outside class. Model answers will be made available to enable
students to assess their own learning.
Lectures will introduce and examine the main principles of each topic.
Seminar/workshop sessions will be used to develop and apply the principles.
Students will be expected to undertake further reading as recommended in
the lectures, complete questions in preparation for and following on from
seminar/workshop sessions. In addition, students should complete any
questions not attempted in their seminars and use material to assess their
learning.
The programme philosophy is to provide a secure academic foundation in
the core and closely related disciplines of accountancy and to maximise the
number of exemptions from the examinations of the professional
accountancy bodies, through accreditation.
This module is consistent with this philosophy since it seeks to contribute to the
intellectual and personal development of students to the level of an honours
graduate in Accountancy by offering a body of current theoretical
knowledge and technical skills relevant to the intermediate study of financial
reporting at Level 5.
The module builds upon the foundations provided at Level 4 and develops
the capacity to conceptualise problems and create reasoned value
judgments and opinions and to solve practical problems, Critical reasoning
and rational analysis is developed throughout this module.
Learning techniques used in this module help to foster independent learning
and development through the use of various activities to supplement classes.
The module will be delivered through a combination of lectures and
seminars/workshops.
All students will be given a programme of study that includes an outline of
lecture topics, recommended reading and assessment requirements.
Assessment Component Distribution of Marks
Coursework 0%
Written examination 100%
TOTAL 100%
BACHELOR IN BUSINESS ADMINISTRATION (HONS) BUSINESS AND MANAGEMENT
Mapping of the course / This course is one of the core major courses that provide students with the
module to the Programme prerequisite knowledge and skills to communicate by using visual elements,
Learning Outcome (PLO) images and typography

Note: 1 = Low Correlation, 2 = Medium Correlation, 3 = High Correlation

PLO PLO PLO PLO PLO

1 2 3 4 5
CLO 1 M L M M L

CLO 2 M M H H M

CLO 3 L M M M H

CLO 4 M L M H H

Programme Learning Outcome (PLO):

 Prepare and analyse financial and management accounts,
statements and reports and give appropriate advice
 Demonstrate an understanding of the constraints on accountants
and managers imposed by economic and legal factors
 Prepare tax computations and give advice on personal and
corporate tax issues.
 Apply financial management theory and techniques and give
appropriate advice on financing, investment and distribution
 Apply the principles of internal and external auditing in relation to
financial review, control, accountability and assurance

Mapping of the course /

module to the Programme
SOCIAL SKILLS, TEAMWORK

Outcomes (PO)
THINKING AND SCIENTIFIC

COMMUNICATION SKILLS

ENTERPRENEURIAL SKILLS
VALUES, ETHICS, MORAL
AND PROFESSIONALISM

LIFELONG LEARNING
MANAGEMENT AND
AND RESPONSIBILITY

MANAGERIAL AND
PRACTICAL SKILLS

INFORMATION
KNOWLEDGE

SKILLS

LO1 LO2 LO3 LO4 LO5 LO6 LO7 LO8

PLO 1 H L H H L M M L

PLO 2 H M H M H M L L

PLO 3 H H L H L M M M

PLO 4 H H M H L H L L

PLO 5 H M L L H H M M

Content outline of the course / module and the SLT per topic

ERICAN COLLEGE @ FACULTY OF BUSINESS, IT & SOCIAL SCIENCE

BACHELOR IN BUSINESS ADMINISTRATION (HONS) BUSINESS AND MANAGEMENT
TOPICS L T P O SL TLT

Semester 1

Week 1 2 1 0 1 5 9
Cash flow accounting, including more complex application
and interpretation.
Week 2 2 1 0 1 5 9
Cash flow accounting, including more complex application
and interpretation.
Week 3 2 1 0 1 5 9
Cash flow accounting, including more complex application
and interpretation.
Week 4 2 1 0 1 3 7
Treatment and disclosure of taxation.
Week 5 2 1 0 1 3 7
Treatment and disclosure of taxation.
Week 6 2 1 0 1 3 7
Problems of profit determination and asset valuation. Problems
of substance over form.
Week 7 2 1 0 1 5 9
Problems of profit determination and asset valuation. Problems
of substance over form.
Week 8 2 1 0 1 5 9
Problems of profit determination and asset valuation. Problems
of substance over form.
Week 9 2 1 0 1 5 9
Issues in the measurement and disclosures of liabilities.
Week 10 2 1 0 1 5 9
Issues in the measurement and disclosures of liabilities.
Week 11 2 1 0 1 5 9
The Regulatory Framework of Accounting in the UK including
the work of the ASB, IASB, and where relevant, FASB.
Week 12 2 1 0 1 5 9
The Regulatory Framework of Accounting in the UK including
the work of the ASB, IASB, and where relevant, FASB.
Week 13 2 1 0 1 5 9
The Regulatory Framework of Accounting in the UK including
the work of the ASB, IASB, and where relevant, FASB.
Week 14 2 1 0 1 5 9
The Regulatory Framework of Accounting in the UK including
the work of the ASB, IASB, and where relevant, FASB.
28 14 0 14 64 120

Semester 2

Week 1 2 1 0 1 5 9
The development of the conceptual framework including the
IASB Framework.
Week 2 2 1 0 1 5 9
The development of the conceptual framework including the
IASB Framework.
Week 3 2 1 0 1 5 9
The development of the conceptual framework including the
IASB Framework.

ERICAN COLLEGE @ FACULTY OF BUSINESS, IT & SOCIAL SCIENCE

BACHELOR IN BUSINESS ADMINISTRATION (HONS) BUSINESS AND MANAGEMENT
Week 4 2 1 0 1 5 9
Appraisal of accounting information for different user groups
and their needs together with a consideration of social and
ethical reporting.

Week 5 2 1 0 1 5 9
Appraisal of accounting information for different user groups
and their needs together with a consideration of social and
ethical reporting.
Week 6 2 1 0 1 5 9
Appraisal of accounting information for different user groups
and their needs together with a consideration of social and
ethical reporting.
Week 7 2 1 0 1 5 9
Appraisal of accounting information for different user groups
and their needs together with a consideration of social and
ethical reporting.
Week 8 2 1 0 1 3 7
Analysis and detailed interpretation of published financial
statements.
Week 9 2 1 0 1 3 7
Analysis and detailed interpretation of published financial
statements.
Week 10 2 1 0 1 3 7
Analysis and detailed interpretation of published financial
statements.
Week 11 2 1 0 1 5 9
An introduction to alternative models of income measurement
and asset valuation.
Week 12 2 1 0 1 5 9
An introduction to alternative models of income measurement
and asset valuation.
Week 13 2 1 0 1 5 9
An introduction to group accounts.
Week 14 2 1 0 1 5 9
An introduction to group accounts.
28 14 0 14 64 120

Main References  Melville, A. International Financial Reporting: A Practical Guide. FT

Prentice Hall
Additional References  Alexander. D., Britton, A and Jorissen, A. International Financial
Reporting and Analysis. Cengage. Elliott, J. and Elliott, J. Financial
Accounting and Reporting. FT Prentice Hall Collins, B. and McKeith, J.
Financial Accounting and Reporting. McGraw Hill Accountancy the
journal of ICAEW. Student Accountant, ACCA.

Others Journals
 Accounting Auditing and Accountability
 Accounting Organisation and Society
 Accounting Horizons
 Accounting Review
 British Accounting Review
 Critical Perspectives on Accounting
 European Accounting Review
 International Journal Of Accounting
 Journal Of Accounting Research
 Review of Accounting and Finance

ERICAN COLLEGE @ FACULTY OF BUSINESS, IT & SOCIAL SCIENCE