Brighton Business School
MODULE DETAILS
Module title
Module code
Credit value
Level
Mark the box to the right of the
appropriate level with an ‘X’
Corporate Reporting
AAMP2
30
Level 4
Level 5
Level 6
Level 0 (for modules at foundation level)
Level 7
X
Level 8
Entry criteria for registration on this module
Pre-requisites
ACCA Paper - Audit and Assurance (F8),
Specify in terms of module codes or
equivalent
Co-requisite modules
Specify in terms of module codes or
equivalent
Module delivery
Mode of delivery
Taught
Other
X
Distance
Placement
Pattern of delivery
Weekly
X
Block
Other
Online
When module is delivered
Semester 1
Semester 2
Throughout year X
Other
Brief description of module The module examines professional competences within the corporate
reporting environment including specific professional knowledge about
content and/ or aims
preparation and presentation of consolidated and other financial
Overview (max 80 words)
statements; concepts, theories, and principles, and students’ ability to
question and comment on proposed accounting treatments. Students
should be capable of relating professional issues to relevant concepts
and practical situations.The evaluation of alternative accounting practices
and the identification and prioritisation of issues will be a key element of
the paper.
Module team/ author/
Nigel Padbury/Patricia Coffey
coordinator(s)
School
Business School
Site/ campus where
Moulsecoomb
delivered
Course(s) for which module is appropriate and status on that course
Course
MSc Accounting
Post graduate Diploma in Accounting
Status (mandatory/ compulsory/
optional)
Mandatory
Mandatory
MODULE AIMS, ASSESSMENT AND SUPPORT
Aims
To apply knowledge, skills and exercise professional judgement in the
application and evaluation of financial reporting principles and
practices in a range of business contexts and situations.
Learning outcomes
On successful completion of this module students should be able to:
Subject specific
A Discuss the professional and ethical duties of the accountant
B Evaluate the financial reporting framework
C Advise on and report the financial performance of entities
D Prepare the financial statements of groups of entities in accordance
with relevant accounting standards
E Explain reporting issues relating to specialised entities
F Discuss the implications of changes in accounting regulation on
financial reporting
G Appraise the financial performance and position of entities
H Evaluate current developments
Cognitive
A Demonstrate personal skills such as problem solving, assimilating
information and decision making
B Demonstrate the ability to integrate technical knowledge and
exercise professional and ethical judgements in evaluating corporate
reporting issues in a business context.
Content
DETAILED SYLLABUS
A The professional and ethical duty of the accountant
1. Professional behaviour and compliance with accounting standards
2. Ethical requirements of corporate reporting and the consequences
of unethical behaviour
3. Social responsibility
B The financial reporting framework
1. The applications, strengths and weaknesses of an accounting
framework
2. Critical evaluation of principles and practices
C Reporting the financial performance of entities
1. Performance reporting
2. Non current assets
3. Financial instruments
4. Leases
5. Segment reporting
6. Employee benefits
7. Taxation
8. Provisions, contingencies and events after the balance sheet date
9. Related parties
10. Share-based payment
D Financial statements of groups of entities
1. Group accounting including statements of cash flows
2. Continuing and discontinued interests
3. Changes in group structures
4. Foreign transactions and entities
E Specialised entities and specialised transactions
1. Financial reporting in specialised, not-for-profit and public sector
entities
2. Entity reconstructions
F Implications of changes in accounting
regulation on financial reporting
1. The effect of changes in accounting standards on accounting
systems
2. Proposed changes to accounting standards
G The appraisal of financial performance and position of entities
1. The creation of suitable accounting policies
2. Analysis and interpretation of financial information and
measurement of performance
H Current developments
1. Environmental and social reporting
2. Convergence between national and international reporting
standards
3. Current reporting issues
Learning support
Latest Editions of:
ACCA Manual – Kaplan Publishers P2 Corporate Reporting
ACCA Manual – BPP P2 Corporate Reporting
International Accounting Standards (IASs), International Financial
Reporting Standards (IFRSs) and Exposure Drafts (EDs)
as per examinable documents.
Accountants Guide, CAET (or other ASB reference text)
Elliot B. & Elliot J.Financial Accounting
& Reporting Prentice Hall
Pierce A. & Brennan A. Principles & practice of Group Accounts.
Thompson
The ACCA Student Accountant
Professional journals
The Financial Times
The Economist
Websites
www.accountingweb.co.uk
www.accountancyage.com
www.economist.com
www.ft.com
www.hmrc.gov.uk
www.coi.gov.uk
www.tax.org.uk
www.asb.org.uk
www.iod.co.uk
www.frc.org.uk
www.frrp.org.uk
www.ifa.org.uk
www.iasb.org.uk
www.audit-commision.gov.uk
www.open.gov.uk/nao/home/htm
www.fasb.org
www.ifac.org
www.cbi.org.uk
www.fsb.org.uk
www.carol.co.uk
www.pqaccountant.com
www.iasplus.com
www.corporatereporting.com
All students benefit from:
Studentcentral
Online Library Resources (e-journals and e-books)
Library facilities
Teaching and learning activities
Details of teaching and
learning activities
The module will use a mix of teaching and learning processes. Each
session will be of 2 hours duration.
The basis of the presentation of new material will be by the use of
lectures supported by course notes and practical examples. This is
typically intended to take up one hour.
The remaining hour will be more workshop-based. Students will be
presented with questions to work through and thee will be both
discursive and calculation-based. The aim of the workshop is to
ensure understanding of the subject and to encourage critical and
analytical thinking.
Students are expected to plan their own study time. Assessment
hours are indicative of the time to be allocated to revision and formal
assessment
Allocation of study hours (indicative)
Study hours
Where 10 credits = 100 learning hours
SCHEDULED
This is an indication of the number of hours students can expect to
spend in scheduled teaching activities including lectures, seminars,
tutorials, project supervision, demonstrations, practical classes and
workshops, supervised time in workshops/ studios, fieldwork, and
external visits.
44
GUIDED INDEPENDENT
STUDY
All students are expected to undertake guided independent study
which includes wider reading/ practice, follow-up work, the
completion of assessment tasks, and revisions.
256
PLACEMENT
The placement is a specific type of learning away from the
University. It includes work-based learning and study that occurs
overseas.
N/A
TOTAL STUDY HOURS
300
Assessment tasks
Details of assessment on
this module
The module will be assessed by a three-hour paper based. The
structure below is indicative.
Examination worth 100%. There will be 15 minutes reading time
available prior to the commencement of the examination. The
examination paper will comprise two sections.
Section A will consist of one scenario-based question worth 50 marks.
It will deal with the preparation of complex consolidated financial
statements including group cash flow statements and with issues in
financial reporting.
Students will be required to answer two out of three questions in
Section B, which will normally comprise two questions which will be
scenario or case-study based and one question which will be an
essay. Section B could deal with any aspects of the syllabus.
Types of assessment task1
% weighting
(or indicate if
component is
pass/fail)
WRITTEN
Written exam
100%
COURSEWORK
Written assignment/ essay, report, dissertation, portfolio, project
output, set exercise
N/A
PRACTICAL
Oral assessment and presentation, practical skills assessment, set
exercise
N/A
EXAMINATION INFORMATION
Area examination board
MSc/Postgraduate Diploma in Accounting
External examiners
Name
Position and institution
Date appointed
Date tenure
ends
Yes
No
Refer to Studentcentral
QUALITY ASSURANCE
Date of first approval
Only complete where this is not the
first version
Date of last revision
Only complete where this is not the
first version
Date of approval for this
version
July 2014
Version number
1
Modules replaced
AAP02
Specify codes of modules for which
this is a replacement
Available as free-standing module?
X