ACCT8001 - Group Financial Reporting

Module Details

Module Code: ACCT8001
Title: Group Financial Reporting
Long Title: Group Financial Reporting
NFQ Level: Advanced
Valid From: Semester 1 - 2016/17 ( September 2016 )
Duration: 1 Semester
Credits: 5
Field of Study: 3440 - Accounting, Auditing and Accountability
Module Delivered in: 1 programme(s)
Module Description: This module deals with the principles and practice of the preparation of group financial statements and with the underlying concepts and treatment of specialised topics
 
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Discuss and apply the International Financial Reporting Standards dealing with groups of companies
LO2 Prepare advanced consolidated financial statements including cashflow statements
LO3 Evaluate the treatment of associates and joint ventures including investments in foreign entities
LO4 Apply current reporting practice in relation to specialised topics
Dependencies
Module Recommendations

This is prior learning (or a practical skill) that is strongly recommended before enrolment in this module. You may enrol in this module if you have not acquired the recommended learning but you will have considerable difficulty in passing (i.e. achieving the learning outcomes of) the module. While the prior learning is expressed as named MTU module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s).
9465 ACCT7004 Adv. Financial Accounting 1
Incompatible Modules
These are modules which have learning outcomes that are too similar to the learning outcomes of this module. You may not earn additional credit for the same learning and therefore you may not enrol in this module if you have successfully completed any modules in the incompatible list.
No incompatible modules listed
Co-requisite Modules
No Co-requisite modules listed
Requirements

This is prior learning (or a practical skill) that is mandatory before enrolment in this module is allowed. You may not enrol on this module if you have not acquired the learning specified in this section.
No requirements listed
 
Indicative Content
Group structures
Accounting for acquisitions,investments in associates and joint ventures
Group financial statements
Theory and practice in relation to statements of profit or loss, statements of changes in equity, statements of financial position and statements of cash flow for groups
Group entities
Definition and treatment of subsidiaries, associates and joint ventures including investments in foreign entities
Specialised topics
Evaluate and apply the International Financial Reporting Standards in relation to: Deferred taxation, financial instruments,revenue recognition,impairment
Module Content & Assessment
Assessment Breakdown%
Coursework30.00%
End of Module Formal Examination70.00%

Assessments

Coursework
Assessment Type Short Answer Questions % of Total Mark 30
Timing Week 6 Learning Outcomes 1,2
Assessment Description
Preparation of Consolidated financial statements
End of Module Formal Examination
Assessment Type Formal Exam % of Total Mark 70
Timing End-of-Semester Learning Outcomes 1,2,3,4
Assessment Description
End-of-Semester Final Examination
Reassessment Requirement
Repeat examination
Reassessment of this module will consist of a repeat examination. It is possible that there will also be a requirement to be reassessed in a coursework element.

The University reserves the right to alter the nature and timings of assessment

 

Module Workload

Workload: Full Time
Workload Type Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact Lecture and demonstration to group Every Week 3.00 3
Tutorial Contact Review and further explanation of lecture material Every Week 1.00 1
Independent & Directed Learning (Non-contact) Non Contact Review of material and practical work Every Week 3.00 3
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 4.00
Workload: Part Time
Workload Type Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact Lecture and demonstration to group Every Week 2.00 2
Independent & Directed Learning (Non-contact) Non Contact Review of material and practical work Every Week 5.00 5
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 2.00
 
Module Resources
Recommended Book Resources
  • Paul Mahony and Niall MacLochlainn. (2015), Consolidated Financial Statements, 2nd. Chartered Accountants Ireland, [ISBN: 9781908199478].
Supplementary Book Resources
  • Derry Cotter. (2014), Advanced Financial Reporting, 1st. Ft Prenticehall, p.504, [ISBN: 978-0-273-73235-8].
  • Ciaran Connolly. (2015), International Financial Accounting and Reporting, 5th. Chartered Accountants Ireland, [ISBN: 9781910374290].
This module does not have any article/paper resources
Other Resources
 
Module Delivered in
Programme Code Programme Semester Delivery
CR_BACCT_8 Bachelor of Business (Honours) in Accounting 8 Mandatory