Registry

Module Specifications

Archived Version 2021 - 2022

Module Title
Module Code
School
Online Module Resources
NFQ level	9	Credit Rating	10
Pre-requisite	None
Co-requisite	None
Compatibles	None
Incompatibles	None

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

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
Objectives of financial reporting, the legal and professional regulatory framework of accounting; users of financial statements and their needs, alternative valuation bases, capital maintenance, recognition and measurement of elements and the true and fair view principle; alternatives to IFRS including other GAAPS and pre-IFRS; development of Integrated Reporting.

International Published Accounts
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, tax, revenue, government grants, financial instruments, impairment of assets, provisions, contingent liabilities, intangible assets, investment property, related parties, fair value measurement, agriculture, leases.

Consolidated Accounts
The concept and principles of a group; preparation of consolidated financial statements including foreign operations;

Overall accounting standards covered
IAS 1, IAS 10, IAS 12, IFRS 15, IFRS 16, IAS 20, IAS 21, IAS 23, IAS 24, IAS 27, IAS 32, IAS 33, IAS 34, IAS 36, IAS 37, IAS 38, IAS 40, IAS 41, IFRS 3, IFRS 7, IFRS 9, IFRS 10, IFRS 13.

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.

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.: 2017, Financial Accounting and Reporting, 18th Edition, FT Prentice Hall,
Connolly, Ciaran: 2015, International Financial Accounting and Reporting, 5th Edition, Chartered Accountants Ireland,

Other Resources

None

Programme or List of Programmes

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