Module Code: H9FRT
Long Title Financial Reporting
Title Financial Reporting
Module Level: LEVEL 9
EQF Level: 7
EHEA Level: Second Cycle
Credits: 5
Module Coordinator: Anne Cooper
Module Author: Andrea Del Campo Dugova
Departments: School of Business
Specifications of the qualifications and experience required of staff

Level 9 academic qualification and professional accountancy examinations essential. Financial accounting practical experience desirable.   
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Discuss, apply and critically analyse the conceptual and regulatory frameworks for financial reporting.
LO2 Account for transactions in accordance with international accounting standards.
LO3 Prepare, present and interpret financial statements for single entities and consolidated financial statements for groups in accordance with international accounting standards and currently accepted accounting practices.
LO4 Critically interpret the financial statements and report there on
LO5 Evaluate the significant differences between Irish/UK, US and International GAAP. Demonstrate a critical awareness of the major current trends and developments in the financial accounting environment.
Dependencies
Module Recommendations

This is prior learning (or a practical skill) that is required before enrolment on this module. While the prior learning is expressed as named NCI module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s).
No recommendations listed
Co-requisite Modules
No Co-requisite modules listed
Entry requirements

There are no additional entry requirements for this module.  The programme entry requirements apply.  No pre-requisites or co-requisites apply.   
 

Module Content & Assessment

Indicative Content
The conceptual and regulatory framework:
Discussion and critical evaluation of the conceptual and regulatory frameworks for financial reporting; FRS 102.
International/International Reporting Accounting Standards:
In-depth review and understanding of the following accounting standards: IAS 1 Presentation of Financial Statements; IAS12 Income Taxes; IAS 16 Property, Plant and Equipment; IAS 19 Employee Benefits; IAS 20 Accounting for Government Grants and Disclosures of Government Assistance; IAS 21 Effects of Foreign Currency; IAS 23 Borrowing Costs; IAS 24 Related Party; IAS 27 Consolidated and Separate Financial Statements; IAS 28 Investments in Associates; IAS 32 Financial Instruments: Presentation; IAS 33 Earnings Per Share; IAS 36 Impairment of Assets; IAS 38 Intangible Assets; IAS 39 Financial Instruments: Recognition and Measurement; IAS 40 Investment Property; IFRS2 Share Based Payments; IFRS 3 Business Combinations; IFRS 5 Non-Current Assets held for Sale and Discontinued Operations; IFRS7 Financial Instruments: Disclosure; IFRS8 Operating Segment; IFRS9 Financial Instruments; IFRS10 Consolidated Financial Statements; IFRS12 Disclosure of Interests in Other Entities; IFRS 15 Revenue from Contracts with Customers; and IFRS 16 Leases.
Consolidated Financial Statements:
Fundamentals of group accounting, subsidiaries, associates, joint ventures, goodwill, fair value measurement, Consolidated Statement of Profit or Loss and Other Comprehensive Income; Consolidated Statement of Financial Position, Consolidated Statement of Changes in Equity; Consolidated Statement of Cash Flows
Analysis of Financial Statements including Cash Flows:
Interpretation of the financial information from the point of view of users of the financial statements
Current issues in financial accounting.
n/a
Assessment Breakdown%
Coursework30.00%
End of Module Assessment70.00%

Assessments

Blended

Coursework
Assessment Type: Continuous Assessment % of total: 30
Assessment Date: n/a Outcome addressed: 2
Non-Marked: No
Assessment Description:
Candidates are required to complete one in-class examination. The in-class examination will be worth 30%.
End of Module Assessment
Assessment Type: Terminal Exam % of total: 70
Assessment Date: End-of-Semester Outcome addressed: 1,2,3,4,5
Non-Marked: No
Assessment Description:
Final Examination (70%) will be 3 hours in duration and will contain a compulsory consolidation question. Students must also answer 3 other questions. The examination will include computational and written elements.
No Workplace Assessment
Reassessment Requirement
Repeat examination
Reassessment of this module will consist of a repeat examination. It is possible that there will also be a requirement to be reassessed in a coursework element.
Reassessment Description
Reassessment of this module will consist of a repeat examination. It is possible that there will also be a requirement to be reassessed in a coursework element.

NCIRL reserves the right to alter the nature and timings of assessment

 

Module Workload

Module Target Workload Hours 0 Hours
Workload: Blended
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture Classroom and demonstrations 36 Per Semester 3.00
Independent Learning Independent Learning 89 Per Semester 7.42
Total Weekly Contact Hours 3.00
 

Module Resources

Recommended Book Resources
  • Alan Melville. (2019), International Financial Reporting 7th Edition, Pearson, [ISBN: 978-1-292-29312-7].
  • Margaret D'Arcy. (2019), An Introduction to Financial Accounting, 2nd Ed. Chartered Accountants Ireland, [ISBN: 978-1-912350-28-5].
Supplementary Book Resources
  • CIARAN. CONNOLLY. (2018), INTERNATIONAL FINANCIAL ACCOUNTING AND REPORTING., 6th Ed. Chartered Accountants Ireland, [ISBN: 978-1-912350-02-5].
  • Financial Reporting Toolkit (Online Resource), Chartered Accountants Ireland.
  • IFRS® Standards: IASB IFRS Foundation.
  • B Elliott & J Elliott. Financial Accounting and Reporting, 17th Ed. FT Prentice Hall.
This module does not have any article/paper resources
This module does not have any other resources
Discussion Note: