Registry
Module Specifications
Archived Version 2023 - 2024
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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. | |||||||||||||||||||||||||||||||||||||
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 International Financial ReportingObjectives 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 AccountsStatement 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 AccountsThe concept and principles of a group; preparation of consolidated financial statements including foreign operations;Overall accounting standards coveredIAS 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 CultureTopical issues of importance in financial accounting relating to corporate governance, risk-management, ethics, and cross-cultural issues in the preparation of financial statements. | |||||||||||||||||||||||||||||||||||||
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Indicative Reading List
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Other Resources None | |||||||||||||||||||||||||||||||||||||
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