Registry

Module Specifications

Archived Version 2013 - 2014

Module Title
Module Code
School
Online Module Resources
NFQ level	9	Credit Rating	15
Pre-requisite	None
Co-requisite	None
Compatibles	None
Incompatibles	None

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 both a classroom setting and applied within financial reporting software. 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 and practical sessions.

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
7. Recognise the impact of technology on financial accounting and reporting;demonstrate an ability to use financial reporting software and tools for example Sage and SAP.

*Type*	*Hours*	*Description*
Workload	Full-time hours per semester
Lecture	88	Weekly lectures involving the practical and theoretical elements of financial accounting
Laboratory	10	Computer lab sessions involving the use of financial accounting and reporting software
Assignment Completion	20	Software assignment
Independent Study	113	Self study, review of lecture material, use of software, preparation for terminal examination
Directed learning	44	Weekly questions and readings
Total Workload: 275

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; Principle of substance over form; Segmental Reporting; Related Party Disclosures; Share-based payments; Fair value accounting

Group Accounting
Accounting for groups of companies, subsidiaries, joint ventures, associates and foreign operations; consolidated cash flow statements; foreign operations operating in a hyperinflationary environment; 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

Impact of technology on financial accounting and reporting.
Technology in accounting and reporting -applications software, the impact of technology on financial accounting and reporting practice. The emergence of internet/social media as a financial reporting medium. Developments in software platforms which effect business accounting and financial reporting.

Assessment Breakdown
Continuous Assessment	%	Examination Weight	%

Type	Description	% of total	Assessment Date
Course Work Breakdown

Reassessment Requirement
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
Unavailable

Indicative Reading List

Elliott, B. and Elliott, J.: 2011, Financial Accounting and Reporting, 15th Edition, FT Prentice Hall,
Alexander, Britton, Jarissen: 2011, International Financial Reporting and Analysis, 5th Edition, South-Western Cengage Learning,
Connolly, C: 2011, International Financial Accounting and Reporting, 3rd Edition, Chartered Accountants Ireland,
Collins,B. and McKeith, J.: 2010, Financial Accounting and Reporting, McGraw Hill Higher Education,
Melville, A.: 2011, International Financial Reporting, 3rd Edition, FT Prentice Hall,

Other Resources

7621, Standards, 0, The IASB Framework for the preparation and presentation of financial statements, 7622, Standards, 0, IFRS 2 - Share-based Payment, 7623, Standards, 0, IFRS 3 - Business Combinations, 7624, Standards, 0, IFRS 7 - Financial Instruments: Disclosures, 7625, Standards, 0, 'IFRS 8 - Operating Segments', 7626, Standards, 0, IAS 7 - Cash Flow Statements (Consolidated Cash Flow Statements), 7627, Standards, 0, IAS 12 - Income Taxes, 7628, Standards, 0, IAS 19 – Employee Benefits, 7629, Standards, 0, IAS 21 – The Effects of Changes in Foreign Exchange Rates (foreign operations), 7630, Standards, 0, IAS 24 – Related Party Disclosures, 7631, Standards, 0, IAS 27 – Consolidated and Separate Financial Statements & IAS 27(R) Seperate Financial Statements, 7632, Standards, 0, IAS 28 – Investment in Associates, 7633, Standards, 0, IAS 29 - Financial reporting for hyperinflationary economies, 7634, Standards, 0, IAS 31 – Interests in Joint Ventures, 7635, Standards, 0, IAS 32 – Financial Instruments: Disclosure and Presentation, 7636, Standards, 0, IAS 39 – Financial Instruments: Recognition and Measurement, 7637, Standards, 0, IFRS 10 - Consolidated Financial Statements, 7638, Standards, 0, IFRS 11 - Joint Arrangements, 7639, Standards, 0, IFRS 12 - Disclosure of Interest in Other Entities, 7640, Standards, 0, IFRS 9 - Financial Instruments,

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