Module: International Financial Reporting

Latest Module Specifications

Current Academic Year 2025 - 2026

Module Title	International Financial Reporting
Module Code	ACC1024 (ITS: AC575)
Faculty	DCU Business School	School	DCU Business School
NFQ level	9	Credit Rating	10

Description

The aims of this module are as follows: (a) to provide students with an understanding of the conceptual and typical international regulatory frameworks that underlie financial reporting, (b) to develop students' ability to prepare published financial statements for individual corporate entities and basic groups, in accordance with International Financial Reporting Standards (IFRS), (c) to enable students to critically evaluate and interpret financial statements and prepare reports thereon.

Learning Outcomes

1. Critically evaluate the principles of international accounting standards including an examination of current developments within IFRS.
2. Prepare and interpret financial statements for individual corporate entities in accordance with IFRS to include recommending the appropriate accounting treatment for various issues in accordance with IFRS.
3. Apply the principles of IAS 21 and prepare financial statements of company with foreign operations.
4. Explain and apply the concepts and principles of group accounting and prepare consolidated financial statements in accordance with IFRS.
5. Examine the impact of corporate governance and ethics in the preparation of financial statements.

*Type*	*Hours*	*Description*
Workload	Full time hours per semester
Lecture	48	Will include Lectures & Tutorials.
Assignment Completion	8	Completion of reflective journal.
Group work	60	Completion of Group Assignment
Directed learning	65	Reviewing lecture material and attempting assigned practical questions in advance of lectures and seminars
Independent Study	66	Reading textbook, revising, preparing for exams
Directed learning	3	Final Exam
Total Workload: 250

Section Breakdown
CRN	20033	Part of Term	Semester 2
Coursework	30%	Examination Weight	70%
Grade Scale	40PASS	Pass Both Elements	N
Resit Category	RC1	Best Mark	N
Module Co-ordinator	Vincent Tawiah	Module Teacher

Type	Description	% of total	Assessment Date
Assessment Breakdown
In Class Test	n/a	30%	n/a
Formal Examination	n/a	70%	End-of-Semester

Reassessment Requirement Type
Resit arrangements are explained by the following categories; RC1: A resit is available for both^* components of the module. RC2: No resit is available for a 100% coursework module. RC3: No resit is available for the coursework component where there is a coursework and summative examination element. ^* ‘Both’ is used in the context of the module having a coursework/summative examination split; where the module is 100% coursework, there will also be a resit of the assessment

Pre-requisite	None
Co-requisite	None
Compatibles	None
Incompatibles	None

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

International Financial Reporting Standards
IAS 1, IAS 10, IAS 12, IAS 16, IAS 20, IAS 23, IAS 24, IAS 33, IAS 36, IAS 37, IAS 38, IAS 40, IAS 41, IFRS 3, IFRS 7, IFRS 9, IFRS 10, IFRS 13, IFRS 15, IFRS 16, IFRS 18

Financial statements with foreign operations
Theory and principles of foreign currency transactions Basic consolidation of foreign operations in financial statements.

Published Separate financial Statements
Statement of profit and loss and other comprehensive income, statement of changes in equity and statement of financial position and disclosure notes relating to accounting policies, borrowing costs, events after the the reporting period end, earnings per share, Income tax, revenue, government grants, financial instruments, impairment of assets, provisions, contingent liabilities, intangible assets, investment property, related parties, fair value measurement, agriculture, leases.

Consolidated Financial Statment
The concept and principles of a group; preparation of consolidated financial statements, including the Consolidated Income Statement, Consolidated Statement of Financial Position.

Governance, Risk-Management, Ethics, and Culture
Topical issues of importance in financial accounting relating to corporate governance, risk-management, ethics, and cross-cultural issues in the preparation of financial statements.

Indicative Reading List

Books:

Elliott, B. and Elliott, J.: 2022, Financial Accounting and Reporting, 20th Edition, 12, FT Prentice Hall,
Connolly, Ciaran: 2023, International Financial Accounting and Reporting, 6th Edition, Chartered Accountants Ireland,

Articles:

0: A Kyiu, V Tawiah (2025) IFRS 9 implementation and bank risk. Accounting Forum 49 (1), 234-258, 511793, 1
TBC:

Other Resources

None