Postgraduate Course: Advanced International Financial Reporting (CMSE11289)
Course Outline
| School | Business School |
College | College of Humanities and Social Science |
| Credit level (Normal year taken) | SCQF Level 11 (Postgraduate) |
Availability | Not available to visiting students |
| SCQF Credits | 15 |
ECTS Credits | 7.5 |
| Summary | This course aims to provide depth of knowledge in financial accounting techniques and consider these in the context of the overall financial reporting process. The course builds upon the knowledge gained in Analysis of Corporate Financial Information into constructing financial statements. It will seek to explore the issues in financial reporting. Furthermore, it will analyse in depth the financial reporting process and annual report itself. |
| Course description |
The course aims to broaden students¿ knowledge of how accounting principles vary; how they impact financial reporting and business decisions and how movement toward harmonization is occurring. It enhances their understanding of other more technical matters such as cashflow, Statement of Financial Position and consolidations; and analysing fully the relationship between primary financial statements, accounting policy decisions and the narrative of annual reports. It also aims to expand knowledge of the broader financial reporting process and the current research on this.
Syllabus
IFRS and Harmonisation of Financial Standards:
Qualities and Theory of Financial Accounting (Decision Usefulness, Conceptual Framework); IFRS standard setting
Issues of Harmonisation of IFRS
IFRS for SMEs and Public Sector Entities
Issues in Financial Reporting:
Financial Instruments
Leases
Consolidation
Disclosure
Beyond the Annual Report:
Narrative Reporting/ The Front End
Theories in Financial Reporting: e.g. Impression Management, Sensemaking
Beyond the Annual Report: Financial Reporting in Press Releases, analyst calls, the AGM and media
Student Learning Experience
There will be one two hour seminar a week. This will be a mixture of traditional lecturing, practical exercises and student led discussions. There will be an element of practitioner involvement with a guest lecture planned on one of the topics.
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Entry Requirements (not applicable to Visiting Students)
| Pre-requisites |
Students MUST have passed:
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Co-requisites | |
| Prohibited Combinations | |
Other requirements | For Business School PG students only, or by special permission of the School. Please contact the course secretary. |
Course Delivery Information
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| Academic year 2015/16, Not available to visiting students (SS1)
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Quota: None |
| Course Start |
Semester 2 |
Timetable |
Timetable |
| Learning and Teaching activities (Further Info) |
Total Hours:
150
(
Seminar/Tutorial Hours 20,
Formative Assessment Hours 40,
Summative Assessment Hours 83,
Revision Session Hours 4,
Programme Level Learning and Teaching Hours 3,
Directed Learning and Independent Learning Hours
0 )
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| Assessment (Further Info) |
Written Exam
0 %,
Coursework
30 %,
Practical Exam
70 %
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| Additional Information (Assessment) |
Coursework - 30%
Group Presentation - 70% |
| Feedback |
Students will be expected to prepare for and participate in components of the seminars. Formative feedback will be given to the students at this time via seminar discussions and practice questions.
Students will also get general feedback on the exam performance. |
| No Exam Information |
Learning Outcomes
On completion of this course, the student will be able to:
- Explain and discuss critically the scope of financial reporting.
- Account for key critical aspects of the Statement of Financial Position Income Statement and Statement of Cash flow in accordance with IFRS.
- Understand and discuss critically the impact of financial reporting decisions on organisations and markets.
- Discuss and critically appraise research into financial reporting.
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Reading List
There is no core text as such. The reading will be primarily made up of current journal articles and professional literature.
Alexander, Britton, Jorissen, Hoogendoom, and Van Mourik (2014), International Financial Reporting and Analysis, 6th edition, Cengage Learning.
Recommended Reading:
http://www.iasplus.com/en/publications/global/ifrs-in-your-pocket/ifrs-in-your-pocket-2013 |
Additional Information
| Graduate Attributes and Skills |
Intellectual Skills and Personal Development
Expand knowledge of financial reporting requirements
Discuss academic contributions to financial reporting
Undertake research into financial reporting and critically analyse these contributions to knowledge
Subject Specific Skills
Use suitable websites to find information about institutional and organisational factors affecting corporate reporting through annual reports.
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| Additional Class Delivery Information |
Seminar/Tutorials |
| Keywords | fin-AIFR |
Contacts
| Course organiser | Dr Sebastian Hoffmann
Tel: (0131 6)51 5462
Email: Sebastian.Hoffmann@ed.ac.uk |
Course secretary | Miss Rachel Allan
Tel: (0131 6)51 3757
Email: Rachel.Allan@ed.ac.uk |
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