Latest Module Specifications
Current Academic Year 2025 - 2026
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Description The purpose of this module is to expose participants to international accounting issues from a theoretical and practical basis. In this module students will be introduced to the regulatory and legal framework in which financial reporting in Ireland occurs. Students will be exposed to alternative income and valuation bases and their knowledge of the concepts, bases and policies which underpin financial statements will be further developed. International accounting standards, which are now essential in our global business world, will be explored in this module. This knowledge will aid students to evaluate and critically appraise the performance, financial position and financial adaptability of an entity and to prepare reports communicating this appraisal to internal and external parties. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Learning Outcomes 1. Describe different accounting theories. 2. Appraise alternative income and valuation bases. 3. Describe the regulatory and legal framework in which financial reporting in Ireland occurs. 4. Prepare published financial statements in accordance with International Accounting Standards and legal requirements for single entities in Ireland. 5. Analyse and appraise single entity financial statements and report thereon. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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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 |
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Indicative Content and Learning Activities
Accounting Theory Definitions of theory; normative/positive theories, conceptual framework projects. Alternative Accounting Models Objectives of income measurement, historic cost accounting model, current value accounting models, economic model and concepts of capital maintenance. Regulatory Framework of Accounting Legal and professional framework for the regulation of financial reporting; the Irish and International standard setting process; the true and fair view. Specific Accounting Topics Accounting policies; revenue recognition; inventories; government grants; property, plant and equipment; impairment of assets; investment properties; intangible assets; events after the reporting period; provisions, contingent liabilities and contingent assets; borrowing cost; foreign currency; Agricultural assets Company Accounting Public v Private companies; issue and redemption of share and loan capital; distributable profits; presentation of final accounts for non-group companies in accordance with the Companies Acts and International Accounting Standards. Analysis and Interpretation Objectives of analysis and interpretation of financial statements; definition, ratio calculations in the areas of performance, efficiency, financial adaptability, liquidity, gearing and investment appraisal, users interest in ratios, limitations of ratio analysis. Statements of Cash Flow Objectives of cash flow information, distinction between profit and cash; advantages and limitations of statements of cash flow, the requirements of IAS 7 for single entities. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Indicative Reading List Books:
Articles: None | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Other Resources None | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||