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Module Specifications..

Current Academic Year 2023 - 2024

Please note that this information is subject to change.

Module Title Advanced International Financial Accounting
Module Code AC303
School DCUBS
Module Co-ordinatorSemester 1: Michael Metzger
Semester 2: Michael Metzger
Autumn: Michael Metzger
Module TeachersBrid Murphy
Caroline McGroary
Karen-Ann Dwyer
Amanda Heeney
Cian Coughlan
Michael Metzger
NFQ level 8 Credit Rating 10
Pre-requisite None
Co-requisite None
Compatibles None
Incompatibles None

This module aims to (i) build on students' knowledge acquired in previous financial accounting modules, (ii)provide students with an understanding of the conceptual and legal underpinning of group accounts and to equip them with the skills to account for business combinations, (iii) further develop students' ability to apply IFRS to the resoltion of specialised business transactions, (iv)provide students with an appreciation of relevant contemporary issues in accounting; and (v)extend students' ability to evaluate and critically appraise the performance, financial position and financial adaptability of both a single corporate entity and a business group. Students are expected to attend lecture, contribute to seminars and engage in online learning activities on a regular basis.

Learning Outcomes

1. Discuss fundamental concepts, theories and paradigms which underlie financial reporting
2. Critically analyse financial statements and report thereon.
3. Apply IFRS and IAS to a variety of specialised business transactions
4. Discuss important and relevant issues in accounting and finance including corporate governance, earnings management, corporate social responsibility and ethical considerations
5. Prepare published financial statements for both single corporate entities and groups incorporating IFRS/IAS and relevant legal requirements

Workload Full-time hours per semester
Type Hours Description
Lecture48weekly lectures in the classroom
Tutorial18weekly tutorials
Independent Study30Student reading and learning
Tutorial36Tuttorial preparation
Independent Study118Self study, lecture material review and examination preparation
Total Workload: 250

All module information is indicative and subject to change. For further information,students are advised to refer to the University's Marks and Standards and Programme Specific Regulations at: http://www.dcu.ie/registry/examinations/index.shtml

Indicative Content and Learning Activities

Accounting Theory
agency theory; stakeholder theory.

Specific Accounting Topics
accounting for earnings per share, accounting for leases; accounting for financial instruments; accounting for current and deferred taxation; accounting for assets held for sale.

Issues facing the professional accountant
corporate governance

Reporting and Assessing Financial Performance
accounting for non-current assets held for sale; accounting for discontinued operations; basic earnings per share; diluted earnings per share.

Group Accounting
fundamentals of group accounting; accounting for subsidiaries; the consolidated balance sheet; the consolidated income statement; accounting for associated companies

Current Issues in Accounting
earnings management, risk management, Enron study

Assessment Breakdown
Continuous Assessment20% Examination Weight80%
Course Work Breakdown
TypeDescription% of totalAssessment Date
AssignmentIndividual assignment20%n/a
Reassessment Requirement Type
Resit arrangements are explained by the following categories;
1 = A resit is available for all components of the module
2 = No resit is available for 100% continuous assessment module
3 = No resit is available for the continuous assessment component
This module is category 1
Indicative Reading List

  • Elliott and Elliott: 2019, Financial Accounting and Reporting, 19th, Pearson Prentice-Hall, London,
  • Paul Mahony and Niall MacLochlainn: 2017, Consolidated Financial Statements, Chartered Accountants Ireland,
  • Martin Hoogendoorn, Ann Jorissen, Collette Kirwan, Carien van Mourik, David Alexander: 2020, International Financial Reporting & Analysis,
Other Resources

50545, IFRS (IAASB website), 2020, IFRS standards,
Dear Michael, Hope you are well, we would like to change the split of CA and Exam for AC303 to 20% CA and 80% Exam for the next academic year (2022/23). It was previously a 30%/70% split. I tried to make the change but could not submit for approval. Please can you update the CA to 20% and Exam to 80%. Thank you This change was approved by the program board in March 2022. Thanks Karen-Ann
Programme or List of Programmes
AFBA in Accounting and Finance
Date of Last Revision10-SEP-10

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