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UNIVERSITY OF TECHNOLOGY, JAMAICA
SYLLABUS OUTLINE
August 2020 to December 2020
COLLEGE:
SCHOOL:
COURSE OF STUDY:
MODULE TITLE:
MODULE CODE:
LEVEL:
DURATION:
CREDIT VALUE:
PREREQUISITES:
Business and Management
Business Administration
Bachelor of Science in Accounting
Selected Topics in Accounting and Finance
ACC4019
4
45 Hours
3 Credits
Financial Reporting (ACC3017) and Financial Management for
Accountants (FIN3015)
1.0 MODULE DESCRIPTION
This module covers selected topics in the areas of corporate reporting (accounting) and
advanced financial management (finance). The module assumes knowledge acquired in
intermediate financial reporting and financial management modules and examines detailed
financial reporting requirements for entities leading to the preparation of specific group
financial reports in accordance with International Financial Reporting Standards (IFRSs). It
also re-examines investment and financing decisions with emphasis moving towards
strategic consequences of making such decisions in a domestic and international
environment and it develops further advisory skills in planning strategic acquisitions and
mergers. The specific area covered for corporate reporting are consolidated cash flow
statements, leases by the lessor, employee benefits and foreign transactions and entities. For
Advanced Financial Management the specific areas covered relates to the economic
environment for multinational as well as treasury and advanced risk management
techniques.
2.0 MODULE OBJECTIVES/LEARNING OUTCOMES
General Objectives
Students should:
1. Apply the principles of consolidated cash flows
2. Account for lease by lessors
3. Analyse employee benefits
4. Evaluate foreign transactions and entities
5. Understand the economic environment for multinational organisations
6. Apply advanced investment appraisal techniques
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3.0 MODULE CONTENT AND CONTEXT
CORPORATE REPORTING
3.1 Unit 1 – Consolidated Cash Flow Statements (6 hours)
Specific Objectives
Students should be able to:
1. Discuss group cash flow statements
2. Prepare group statement of cash flows
Unit Content
 Cash flows
 IAS 7 Statement of cash flows: Single company
 Consolidated statements of cash flows
3.2 Unit 2 – Leases: Books of the Lessor (6 hours)
Specific Objectives
Students should be able to:
1. Explain the classification of lease by lessors
2. Present financial statement extracts for lease by the lessor
3. Present financials statement extracts for sale and leaseback agreements
Unit Content
 Forms of lease
 Lessor’s accounting for lease transactions
3.3 Unit 3 – Employee Benefits (6 hours)
Specific Objectives
Students should be able to:
1. Discuss the accounting treatment of short term and long term benefits
2. Illustrate the accounting treatment of defined contribution and defined benefit plans
3. Account for gains and losses on settlements and curtailments
4. Account for the “Asset Ceiling” test and the reporting of actuarial gains and losses.
Unit Content
 IAS 19 Employee Benefits
 Short-term employee benefits
 Post-employment benefits
 Defined contribution plans
 Defined benefit plans: recognition and measurement
 Defined benefit plans: other matters
 Other long-term benefits
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
Disclosures
3.4 Unit 4 – Foreign Transactions (6 hours)
Specific Objectives
Students should be able to:
1. Outline the translation of foreign currency amounts and transactions into the functional
currency and the presentational currency
2. Account for the consolidation of foreign operations and their disposal
Unit Content
 Foreign currency translation
 IAS 21: Individual company stage
 IAS 21: Consolidated financial statements stage
ADVANCED FINANCIAL MANAGEMENT
3.5 Unit 5 – Economic Environment for Multinational Organisations (3 hours)
Specific Objectives
Students should be able to:
1. Advise on the theory and practice of free trade and the management of barriers to trade
2. Know the major trade agreements and common markets and advise on their policy and
strategic implications for a given business
3. Discuss the objectives of the World Trade Organisation
4. Discuss the role of international financial institutions within the context of a globalised
economy, with particular attention to the International Monetary Fund, the Bank of
International Settlements, The World Bank and the principal Central Banks (the Fed,
Bank of England, European Central Bank and the Bank of Japan)
5. Assess the role of the international financial markets with respect to the management of
global debt, the financial development of the emerging economies and the maintenance
of global financial stability
6. Advise on the development of a financial planning framework for a multinational
organisation
Unit Content
 Management of international trade and finance
 Strategic business and financial planning for multinational organisations
3.6 Unit 6 – Treasury and Advanced Risk Management Techniques (9 hours)
Specific Objectives
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Students should be able to:
1. Explain the role of the treasury management function within:
a. The short term management of the organisation’s financial resources
b. The longer term maximisation of shareholder value
c. The management of risk exposure
2. Discuss the operations of the derivatives market, including:
a. The relative advantages and disadvantages of exchange traded versus over the
counter (OTC) agreements
b. Key features, such as standard contracts, tick sizes, margin requirements and
margin trading
c. The source of basis risk and how it can be minimized
d. Risks such as delta, gamma, vega, rho and theta, and how these can be managed.
3. Evaluate the use of financial derivatives to hedge against foreign exchange risk and
interest rate risk
Unit Content
 The role of the treasury function in multinationals
 The use of financial derivatives to hedge against foreign exchange risk
 The use of financial derivatives to hedge against interest rate risk
4.0 LEARNING AND TEACHING APPROACHES
The module will be covered using a variety of teaching methods :



Lectures
Tutorials
Student directed learning
Lectures: Impart to students core information on various units outlined above. This may
involve face to face contact, guest presentations, and the use of technology.
Tutorials: discussions to ensure that students understand the information presented in lecture
sessions, and are able to apply principles to real world problems. In areas of weaknesses,
knowledge is reinforced.
Student Directed Learning : Students will carry out self directed activities in research,
case analysis, and article reviews. This will enable the students to develop analytical skills
by identifying, analyzing, organizational issues, and making recommendations to solve
problems.
5.0 ASSESSMENT PROCEDURES
Test 1
15%
Test 2
15%
Group Project
20%
Final Examination
50%
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6.0 BREAKDOWN OF HOURS
 Lecture
 Tutorial
 Assessments
13 HRS
26 HRS
6 HRS
7.0 TEXTBOOKS AND REFERENCES
Required Text:
ACCA paper P2: Corporate Reporting Study Text. (2018). London: BPP Learning Media.
ACCA paper P4: Advanced Financial Management. (2018). London: BPP Learning Media.
Recommended Text:
ACCA paper P2: Corporate Reporting Study Text. (2018). Berkshire: Kaplan Publishing.
ACCA paper P4: Advanced Financial Management. (2018). Berkshire: Kaplan Publishing.
ACCA paper P2: Corporate Reporting Practice Kit. (2018). London: BPP Learning Media.
ACCA paper P4: Advanced Financial Management Practice Kit. (2018). London: BPP
Learning Media.
8.0 SYLLABUS DEVELOPER(S) & REVIEWER(S)
8.1 Written by: Courtney Garrick (December 2014)
8.2 1st Revision: Deonette McInnis-Lambert (December 2015)
*Objectives from the cognitive domain and the module content and context were mirrored
from ACCA P2 and P4 syllabi @ 2014.
9.0 APPROVAL
Programme Director (PD): Collette Folkes
College Curriculum Committee: Celia McKoy
Signature _________________
Signature __________________
10.0 ACCEPTANCE BY OFFICE OF CURRICULUM DEVELOPMENT &
EVALUATION (OCDE)
Officer________________________________
Date: ____________________