Teaching Responsibility
LJMU Schools involved in Delivery:
LJMU Partner Taught
Learning Methods
Lecture
Seminar
Workshop
Module Offerings
6500AFYPC-JAN-PAR
Aims
To enable students to prepare group financial statements within the context of the prevalent regulatory framework and to demonstrate an awareness of the significance of accounting theory in contemporary and practical contexts.
Learning Outcomes
1.
Demonstrate technical skill in the preparation of both basic and complex group financial statements and cash flows.
2.
Demonstrate knowledge and understanding of current accounting regulations relating to group financial statements.
3.
Critically evaluate financial statements, identifying both correct and questionable applications of advanced financial reporting standards.
4.
Critically appraise current issues and debates in financial accounting theory.
Module Content
Outline Syllabus:The problems of modern accounting & finance.
Creative accounting.
Traditional accounting.
Modern accounting theory.
Conceptual frameworks.
Fair value & mark to market accounting.
The return to prudence & other ICAEW initiatives.
Advanced Accounting Standards.
Advanced cash flow statements.
Preparation of consolidated statement of financial position.
Consolidated statement of profit and loss.
Consolidated statement of cash flow.
IFRS3 Business combinations.
IFRS10 Consolidated FS.
IFRS11 Joint arrangements.
Module Overview:
To enable students to prepare group financial statements within the context of the prevalent regulatory framework and to demonstrate an awareness of the significance of accounting theory in contemporary and practical contexts. The module permits the student to demonstrate advanced accounting techniques and to critically consider these techniques and their alternatives. The module also supports a critical evaluation of accounting theory.
To enable students to prepare group financial statements within the context of the prevalent regulatory framework and to demonstrate an awareness of the significance of accounting theory in contemporary and practical contexts. The module permits the student to demonstrate advanced accounting techniques and to critically consider these techniques and their alternatives. The module also supports a critical evaluation of accounting theory.
Additional Information:The module permits the student to demonstrate advanced accounting techniques and to critically consider these techniques and their alternatives. The module also supports a critical evaluation of accounting theory.