ACCT9007 - Advanced Corp. Reporting (CPA)

Module Details

Module Code: ACCT9007
Title: Advanced Corp. Reporting (CPA)
Long Title: Advanced Corp. Reporting (CPA)
NFQ Level: Expert
Valid From: Semester 1 - 2019/20 ( September 2019 )
Duration: 2 Semesters
Credits: 10
Field of Study: 3440 - Accounting, Auditing and Accountability
Module Delivered in: 1 programme(s)
Module Description: The aim of this module is to ensure that students apply the appropriate judgement and technical ability in the preparation and interpretation of financial statements for complex business entities. On successful completion, students will also be able to evaluate and communicate the impact of current issues and developments in corporate reporting to those who may not have such theoretical and technical expertise.
 
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Prepare the financial statements of companies, groups and associated undertakings, including overseas subsidiary undertakings, in accordance with International Financial Reporting Standards (IFRS), company law and E.U. law.
LO2 Discuss the circumstances under which organisations may, or must, apply IFRS and / or local UK and Irish GAAP demonstrating an understanding of the key accounting and presentation differences between them if Local GAAP were to be applied
LO3 Appraise and apply the acquisition method of accounting and related disclosure requirements in financial statements and notes
LO4 Interpret and apply IFRS and interpretations adopted by the IASB, selecting the appropriate accounting treatment for transactions and events
LO5 Analyse and evaluate financial statements.
LO6 Write detailed reports, tailored to the technical understanding of the different user groups
LO7 Critically evaluate the main accounting issues currently in the field of corporate reporting.
LO8 Demonstrate appropriate professional judgement and ethical sensitivity.
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).
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
1: LEGISLATION
Company Law relating to the preparation of financial statements, including Group Accounts
2: LOCAL GAAP
• FRS 100 and IFRS, with particular reference to scope, terminology used, and format of accounts. • FRS 100 • FRS 101 – the differences between FRS 101 and IFRS • FRS 102 – the key differences between accounting treatments under IFRS and FRS 102.
3: PREPARATION OF FINANCIAL STATEMENTS
Statutory financial statements for incorporated entities, Consolidated financial statements.
4: INTERNATIONAL FINANCIAL REPORTING
An in-depth critical understanding of all technical pronouncements currently in issue, with particular reference to their application to practical situations, Current issues in Corporate Reporting.
5: ANALYSIS, EVALUATION AND INTERPRETATION OF FINANCIAL STATEMENTS
Ratio analysis and cash flow analysis. Critical appraisal of financial statements. Interpretation of financial statements and preparation of reports thereon.
Module Content & Assessment
Assessment Breakdown%
End of Module Formal Examination100.00%
Special Regulation
The pass mark for this module is 50% to align with the relevant professional accountancy body.

Assessments

No Coursework
End of Module Formal Examination
Assessment Type Formal Exam % of Total Mark 100
Timing End-of-Semester Learning Outcomes 1,2,3,4,5,6,7,8
Assessment Delivery Period 2
Assessment Description
Assessment of this module will be conducted by the Institute of Certified Public Accountants in Ireland (CPA Ireland)
The examination is open book and of 3.5 hours duration.
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 Delivery of content and material underpinning learning outcomes Every Week 3.00 3
Directed Learning Non Contact Student undertakes independent study. Every Week 4.00 4
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 3.00
Workload: Part Time
Workload Type Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact Delivery of content and material underpinning learning outcomes Every Week 2.00 2
Independent & Directed Learning (Non-contact) Non Contact Student undertakes independent study. 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
  • Ciaran Connolly. (2018), International Financial Accounting and Reporting, Institute of Chartered Accountants in Ireland, [ISBN: 978-1-912350].
  • Barry Elliott and Jamie Elliott. (2008), , Financial Accounting and Reporting, 12. Prentice Hall.
  • Kirk, A new era for Irish & UK GAAP - A quick reference guide to FRS102.
  • CPA P2, Advanced Corporate Reporting.
Supplementary Book Resources
  • Derry Cotter. (2012), Advanced Financial Reporting; A Complete Guide to IFRS, Financial Times/Prentice Hall, [ISBN: 9780273732358].
  • John McKeith and Bill Collins. (2013), Financial Accounting and Reporting, McGraw-Hill Education - Europe, [ISBN: 9780077138363].
  • Melville, International Financial Reporting.
  • CPA Students’ eBulletin..
  • AccountancyPlus..
This module does not have any article/paper resources
Other Resources
  • Website, www.cpaireland.ie - CPA Ireland..
  • Website, www.iaasa.ie/ - Irish Auditing and Accounting Supervisory Authority..
  • Website, www.ifac.org/ - The International Federation of Accountants..
  • Website, www.ifrs.org/ - The International Financial Reporting Standards Foundation..
  • Website, www.iasplus.com - Deloitte Touche Tohmatsu. Summaries of International Financial Reporting Standards.
  • Website, www.fee.be/ - The European Federation of Accountants..
  • Website, www.efrag.org/ - The European Financial Reporting Advisory Group.
  • Website, www.frc.org.uk/ - The Financial Reporting Council..
  • Website, www.accountingnet.ie/ - Irish Accounting and Business Portal..
 
Module Delivered in
Programme Code Programme Semester Delivery
CR_BAACC_9 Master of Science in Applied Accounting 1 Mandatory