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DRPS : Course Catalogue : Business School : Common Courses (Management School)

Postgraduate Course: Advanced International Financial Reporting (CMSE11289)

Course Outline
SchoolBusiness School CollegeCollege of Arts, Humanities and Social Sciences
Credit level (Normal year taken)SCQF Level 11 (Postgraduate) AvailabilityNot available to visiting students
SCQF Credits15 ECTS Credits7.5
SummaryThe aim of this course is to familiarise students with the challenges of international financial reporting, the global significance of International Financial Reporting Standards (IFRS) and selected regulations of current academic and practical relevance.
Course description Students are encouraged to understand and critically assess the emergence, implementation, and interpretation of international accounting standards and also comprehend their economic, social and organisational effects. The course further aims to expand knowledge of fundamental conceptual issues in IFRS accounting and the current research on this. Students will be required to familiarise themselves with the technical background of IFRS accounting in self studies.


IFRS Adoption;
Four Current Issues in IFRS Financial Reporting - subject to annual review, based on current developments in accounting research and practice

Student Learning Experience

There will be prerecorded lectures on the course topics available at the beginning of the semester. The course will require self-study by the students prior to the live discussion sessions. These sessions will be used to critically reflect on current IFRS Financial Reporting issues. Throughout the semester, there will be feedback and practice live sessions, providing the opportunity to obtain the lecturers feedback on the coursework in progress and discuss some (rather technical) accounting topics not covered in the core sessions
Entry Requirements (not applicable to Visiting Students)
Pre-requisites 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
Academic year 2020/21, Not available to visiting students (SS1) Quota:  None
Course Start Semester 1
Timetable Timetable
Learning and Teaching activities (Further Info) Total Hours: 150 ( Lecture Hours 26, Seminar/Tutorial Hours 12, Feedback/Feedforward Hours 4, Formative Assessment Hours 50, Summative Assessment Hours 30, Programme Level Learning and Teaching Hours 3, Directed Learning and Independent Learning Hours 25 )
Assessment (Further Info) Written Exam 0 %, Coursework 100 %, Practical Exam 0 %
Additional Information (Assessment) Coursework 1 (observation of an IASB Board Meeting session) 30%: assessing learning outcomes 1-3.

Coursework 2 (reflecting on a research paper) 70%: assessing learning outcomes 1-4.
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.
No Exam Information
Learning Outcomes
On completion of this course, the student will be able to:
  1. Explain and discuss critically the scope and significance of international financial reporting.
  2. Critical analysis of IFRS.
  3. Understanding of the impact of financial reporting decisions on society, nation states, organisations and markets.
  4. Discuss and reflect on current research into international financial reporting.
Reading List
Resource List:
Additional Information
Graduate Attributes and Skills Intellectual Skills and Personal Development

Expand knowledge of financial reporting requirements;
Discuss academic contributions to financial reporting;
Undertake and process research into financial reporting and critically analyse these contributions to knowledge;
Understand practical (social, economic and organisational) implications of research;
Effectively and efficiently communicate findings resulting from critical reflections and observations, both orally and in writing.

Subject Specific Skills

Use suitable websites to find information about institutional and organisational factors affecting corporate reporting and related regulation;
Understand and reflect on the nature of IFRS standard setting and it's implications.
Additional Class Delivery Information Seminar/Tutorials
KeywordsNot entered
Course organiserDr Sebastian Hoffmann
Tel: (0131 6)51 5462
Course secretaryMrs Kelly-Ann De Wet
Tel: (0131 6)50 8071
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