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Module Specifications..

Current Academic Year 2023 - 2024

Please note that this information is subject to change.

Module Title International Financial Accounting & Analysis
Module Code AC571
School DCUBS
Module Co-ordinatorSemester 1: Cian Coughlan
Semester 2: Michael Metzger
Autumn: Michael Metzger
Module TeachersBrid Murphy
Karen-Ann Dwyer
John Nolan
Vincent Tawiah
Cian Coughlan
Michael Metzger
NFQ level 9 Credit Rating 15
Pre-requisite None
Co-requisite None
Compatibles None
Incompatibles None

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

Workload Full-time hours per semester
Type Hours Description
Lecture96lectures in the classroom
Assignment Completion62Individual assignment
Independent Study150Self study, review of lecture material, use of software, preparation for terminal examination
Directed learning75Weekly 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 Assessment30% Examination Weight70%
Course Work Breakdown
TypeDescription% of totalAssessment Date
AssignmentIndividual assignment30%Other
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, 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

43477, Standards, 0, The IASB Framework for the preparation and presentation of financial statements, 43478, Standards, 0, IFRS 1 First-time Adoption of International Financial Reporting Standards, 43479, Standards, 0, IFRS 2 - Share-based Payment, 43480, Standards, 0, IFRS 3 - Business Combinations, 43481, Standards, 0, IFRS 5 Non-current Assets Held for Sale and Discontinued Operations, 43482, Standards, 0, IFRS 7 - Financial Instruments: Disclosures, 43483, Standards, 0, 'IFRS 8 - Operating Segments', 43484, Standards, 0, IFRS 9 Financial Instruments, 43485, Standards, 0, IFRS 10 - Consolidated Financial Statements, 43486, Standards, 0, IFRS 11 - Joint Arrangements, 43487, Standards, 0, IFRS 12 Disclosure of Interests in Other Entities, 43488, Standards, 0, IFRS 13 Fair Value Measurement, 43489, Standards, 0, IFRS 15 Revenue from Contracts with Customers, 43490, Standards, 0, IFRS 16 Leases, 43491, Standards, 0, IAS 7 - Cash Flow Statements (Consolidated Cash Flow Statements), 43492, Standards, 0, IAS 11 Construction Contracts, 43493, Standards, 0, IAS 12 - Income Taxes, 43494, Standards, 0, IAS 19 – Employee Benefits, 43495, Standards, 0, IAS 21 – The Effects of Changes in Foreign Exchange Rates (foreign operations), 43496, Standards, 0, IAS 24 – Related Party Disclosures, 43497, Standards, 0, IAS 27 Separate Financial Statements, 43498, Standards, 0, IAS 28 – Investment in Associates, 43499, Standards, 0, IAS 32 – Financial Instruments: Disclosure and Presentation, 43500, Standards, 0, IAS 33 Earnings per Share, 43501, Standards, 0, IAS 34 Interim Financial Reporting, 43502, Standards, 0, IAS 36 Impairment of Assets, 43503, Standards, 0, IAS 39 – Financial Instruments: Recognition and Measurement,
Programme or List of Programmes
MBSMSc in Accounting

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