Registry
Module Specifications
Archived Version 2019 - 2020
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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. | |||||||||||||||||||||||||||||||||||||
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 The Regulatory, Legal and Ethical Frameworkwithin which financial reporting occurs and the emerging issues within this areaSpecific Accounting TopicsIncome Taxes; Employee Benefits; Financial Instruments; Principle of substance over form; Segmental Reporting; Related Party Disclosures; Share-based payments; Fair value accountingGroup AccountingAccounting for groups of companies, subsidiaries, joint ventures, associates and foreign operations; consolidated cash flow statements; deferred tax and business combinationsAdvanced Analysis and InterpretationAnalysis 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 informationCurrent Issues in AccountingAn examination of topical issues of importance within financial accountingImpact 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. | |||||||||||||||||||||||||||||||||||||
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Indicative Reading List
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Other Resources 30234, Standards, 0, The IASB Framework for the preparation and presentation of financial statements, 30300, Standards, 0, IFRS 1 First-time Adoption of International Financial Reporting Standards, 30235, Standards, 0, IFRS 2 - Share-based Payment, 30236, Standards, 0, IFRS 3 - Business Combinations, 30301, Standards, 0, IFRS 5 Non-current Assets Held for Sale and Discontinued Operations, 30237, Standards, 0, IFRS 7 - Financial Instruments: Disclosures, 30238, Standards, 0, 'IFRS 8 - Operating Segments', 30302, Standards, 0, IFRS 9 Financial Instruments, 30250, Standards, 0, IFRS 10 - Consolidated Financial Statements, 30251, Standards, 0, IFRS 11 - Joint Arrangements, 30303, Standards, 0, IFRS 12 Disclosure of Interests in Other Entities, 30304, Standards, 0, IFRS 13 Fair Value Measurement, 30305, Standards, 0, IFRS 15 Revenue from Contracts with Customers, 30306, Standards, 0, IFRS 16 Leases, 30239, Standards, 0, IAS 7 - Cash Flow Statements (Consolidated Cash Flow Statements), 30307, Standards, 0, IAS 11 Construction Contracts, 30240, Standards, 0, IAS 12 - Income Taxes, 30241, Standards, 0, IAS 19 – Employee Benefits, 30242, Standards, 0, IAS 21 – The Effects of Changes in Foreign Exchange Rates (foreign operations), 30243, Standards, 0, IAS 24 – Related Party Disclosures, 30308, Standards, 0, IAS 27 Separate Financial Statements, 30245, Standards, 0, IAS 28 – Investment in Associates, 30248, Standards, 0, IAS 32 – Financial Instruments: Disclosure and Presentation, 30309, Standards, 0, IAS 33 Earnings per Share, 30310, Standards, 0, IAS 34 Interim Financial Reporting, 30311, Standards, 0, IAS 36 Impairment of Assets, 30249, Standards, 0, IAS 39 – Financial Instruments: Recognition and Measurement, | |||||||||||||||||||||||||||||||||||||
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