Module: Advanced International Financial Accounting

Module Specifications.

Current Academic Year 2024 - 2025

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Date posted: September 2024

Module Title	Advanced International Financial Accounting
Module Code	AC303 (ITS) / ACC1010 (Banner)
Faculty	DCU Business School	School	DCU Business School
Module Co-ordinator	Michael Metzger
Module Teachers	Amanda Heeney, Brid Murphy, Caroline McGroary, Karen Ann Dwyer
NFQ level	8	Credit Rating	10
Pre-requisite	Not Available
Co-requisite	Not Available
Compatibles	Not Available
Incompatibles	Not Available

None
Array

Description

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

*Type*	*Hours*	*Description*
Workload	Full-time hours per semester
Lecture	48	weekly lectures in the classroom
Tutorial	18	weekly tutorials
Independent Study	30	Student reading and learning
Tutorial	36	Tuttorial preparation
Independent Study	118	Self 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 Assessment	20%	Examination Weight	80%

Type	Description	% of total	Assessment Date
Course Work Breakdown
Assignment	Individual assignment	20%	n/a

Reassessment Requirement Type
Resit arrangements are explained by the following categories: Resit category 1: A resit is available for both* components of the module. Resit category 2: No resit is available for a 100% continuous assessment module. Resit category 3: No resit is available for the continuous assessment component where there is a continuous assessment and examination element.
* ‘Both’ is used in the context of the module having a Continuous Assessment/Examination split; where the module is 100% continuous assessment, there will also be a resit of the assessment
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