Advanced Financial Reporting

Semester Spring
Level 11
Credit Value 10
Module Co-ordinator Dr Alisdair Dobie
Contact Hours

The module will be delivered through weekly three hour lectures and one hour seminars over six weeks.
(6x3 hour lectures) + (5x1 hour seminar) =23 hours. This module is necessary for ACCA accreditation and the additional time is required to allow students to develop knowledge and skills to the level needed for professional examinations.

Assessment Assessment will be by a final examination (100 per cent of the module grade) of two hours duration. The final exam will contain both numerical and discursive questions and will enable students to demonstrate both their knowledge of international accounting standards and practice, and the application of this theory and practice to practical situations.


The module builds upon ‘Financial Reporting’ and aims to develop knowledge and understanding concerning a number of complex, new and controversial issues in financial accounting and reporting, as well as exposing participants to a wider range of accounting issues. It also aims to help students develop the ability to formulate a reasoned opinion on the relative merits of alternative solutions to such controversial issues.

Learning Outcomes

Knowledge and Understanding of:

Knowledge and understanding of some alternative practices of accounting by the examination of accounting regulation and published financial statements.  Areas to be covered include leasing and off-balance sheet finance, fair values and income and value measurement, cash flows, segmental reporting, foreign currency transactions and long-term contracts. The module aims to extend skills in the recording of transactions and other economic events, and in the preparation of financial statements by examining accounting formats and the requirements for published disclosure.  Additionally it will develop an understanding of the contexts in which accounting operates and current developments.

Generic Skills:

Generic skills developed by this module will include: numeracy, through the manipulation and interpretation of financial data; methodical working through planning and prioritisation; effective listening; effective time management and the ability to work under pressure; presentational skills through presenting the company selected for the coursework case study; team working skills through working in groups to prepare a presentation and write a group essay; development of communication skills, including the ability to present quantitative and qualitative information, together with analysis and commentary by means of the discussion questions in tutorial assignments and the coursework group essay.

Cognitive Skills:

The ability to analyse information and solve structured problems; the ability to identify arguments and think critically. Cognitive abilities will be enhanced through the development of the ability to analyse and draw reasoned conclusions concerning structured problems from a given set of data, principally via the preparation of financial statement information using varying bases.


Division: Accounting & Finance




This module information is representative of what is included in the module in a given year. Details of actual reading, lectures and coursework may vary year to year and will be available at the beginning of the semester.

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