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Financial Reporting

Module leader: Paul Tuck
Two terms (30 units)

This module examines the regulation and practice of financial reporting in the UK by listed groups and large companies in accordance with international accounting and financial reporting standards. In the first term, we explore the regulatory framework in the context of individual companies while, in the second term, we explore financial reporting by groups of companies.

On completion of the module, students will have a sound knowledge of the regulation and practice of financial reporting by listed groups and large companies in accordance with international accounting and financial reporting standards in the UK and how this is changing in response to international developments. They will be able to apply this knowledge to the topics specified in the syllabus.

The module will examine the following areas:

  • Tangible fixed assets
  • Long term contracts
  • Leases
  • Liabilities
  • Taxation, current and deferred
  • Standardisation, national and international
  • Preparation of financial statements for publication
  • Investments and groups
  • Associates and joint ventures
  • Fair values and goodwill

The module is assessed by a presentation (10%), an essay (10%) and a three hour written examination (80%).

Main texts:

  • Elliott, Barry & Jamie Elliott. Financial accounting and reporting (11th ed., Harlow: Financial Times Prentice Hall, 2007). ISBN: 978-0-273-70870-4.
  • Alexander, David, Anne Britton & Ann Jorissen. International financial reporting and analysis (2nd ed., London: Thomson Learning, 2005). ISBN: 978-1-84480-201-2.
  • Lewis, Richard & David Pendrill. Advanced financial accounting (7th ed., Harlow: Financial Times Prentice Hall, 2004). ISBN: 0-273-65849-2.

Before purchasing any key texts, we recommend that you check for the latest edition with the Business School.