Module: International Financial Accounting & Analysis

Module Specifications.

Current Academic Year 2024 - 2025

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Date posted: September 2024

Module Title	International Financial Accounting & Analysis
Module Code	AC571 (ITS) / ACC1021 (Banner)
Faculty	DCU Business School	School	DCU Business School
Module Co-ordinator	Cian Coughlan
Module Teachers	Brid Murphy, Karen Ann Dwyer, Vincent Tawiah
NFQ level	9	Credit Rating	15
Pre-requisite	Not Available
Co-requisite	Not Available
Compatibles	Not Available
Incompatibles	Not Available

None
Array

Description

The purpose of this module is to build on students substantial knowledge of accounting fundamentals and to develop students ability to apply and critically evaluate generally accepted accounting practice (IFRS/IAS). In particular, the module sets out to provide students with a framework within which to judge accounting issues and defend their conclusions. The module is delivered through a series of lectures.

Learning Outcomes

1. Describe the regulatory, legal and ethical framework within which financial reporting occurs and the emerging issues in this area;
2. Apply IFRSs/IASs to a specified range of business transactions;
3. Recognise situations where from an accounting perspective the issue of substance over form may arise and draw appropriate conclusions in such instances;
4. Prepare financial statements for a range of business entities at an advanced level in accordance with IFRSs/IASs and current professional and legal requirements;
5. Interpret such financial statements and report thereon;
6. Discuss topical issues of importance in financial accounting

*Type*	*Hours*	*Description*
Workload	Full-time hours per semester
Lecture	96	lectures in the classroom
Assignment Completion	62	Individual assignment
Independent Study	150	Self study, review of lecture material, use of software, preparation for terminal examination
Directed learning	75	Weekly questions and readings
Total Workload: 383

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

The Regulatory, Legal and Ethical Framework
within which financial reporting occurs and the emerging issues within this area

Specific Accounting Topics
Income Taxes; Employee Benefits; Financial Instruments (Amortised cost and fair value); Principle of substance over form; Segmental Reporting; Related Party Disclosures; Share-based payments; Interim financial statements, Presentation of financial statements, First time adoption of financial statements

Group Accounting
Accounting for groups of companies, subsidiaries, joint ventures, associates and foreign operations; consolidated cash flow statements; deferred tax and business combinations

Advanced Analysis and Interpretation
Analysis and interpretation of financial statements; individual company accounts; group accounts; consolidated cash flow statements; specialised, not-for-profit and public sector entities; limitations of financial information

Current Issues in Accounting
An examination of topical issues of importance within financial accounting

Assessment Breakdown
Continuous Assessment	20%	Examination Weight	80%

Type	Description	% of total	Assessment Date
Course Work Breakdown
Assignment	Individual assignment	30%	Other

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
Resit category for this module is temporarily unavailable

Indicative Reading List

Elliott, B. and Elliott, J.: 2019, Financial Accounting and Reporting, 19th Edition, Pearson,
Chartered Accountants Ireland: 2017, Consolidated Financial Statements, 3rd Edition,
Connolly, C: 2015, International Financial Accounting and Reporting, 5th Edition, Chartered Accountants Ireland,
Martin Hoogendoorn, Ann Jorissen, Collette Kirwan, Carien van Mourik, David Alexander: 2020, International Financial Reporting & Analysis, 8th Edition,

Other Resources

None