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Module Specifications

Current Academic Year 2012 - 2013
Please note that this information is subject to change.

Module Title Advanced International Financial Accounting
Module Code AC303
School DCUBS
Online Module Resources

Module TeacherMark Mulgrew
NFQ level 8 Credit Rating 10
Pre-requisite None
Co-requisite None
Compatibles None
Incompatibles None
Description
This module aims to (i) build on students' knowledge acquired in previous financial accounting modules, (ii)provide students with an understanding of the conceptual and legal underpinning of group accounts and to equip them with the skills to account for business combinations, (iii) further develop students' ability to apply IRFS to the resoltion of specialised business transactions, (iv)provide students with an appreciation of relevant contemporary issues in accounting; and (v)extend students' ability to evaluate and critically appraise the performance, financial position and financial adaptability of both a single corporate entity and a business group. Students are expected to attend lecture, contribute to seminars and engage in online learning activities on a regular basis.

Learning Outcomes
1. Discuss fundamental concepts, theories and paradigms which underlie financial reporting
2. Critically analyse financial statements and report thereon.
3. Apply IFRS and IAS to a variety of specialised business transactions
4. Discuss important and relevant issues in accounting and finance including corporate governance, earnings management, corporate social responsibility and ethical considerations
5. Prepare published financial statements for both single corporate entities and groups incorporating IFRS/IAS and relevant legal requirements



Workload Full-time hours per semester
Type Hours Description
Lecture48weekly lectures
Tutorial18weekly tutorials
Library30Student reading and learning
Tutorial36Tuttorial preparation
Independent learning time118Self study, lecture material review and examination preparation
Total Workload: 250

All module information is indicative and subject to change. For further information,students are advised to refer to the University's Marks and Standards and Programme Specific Regulations at: http://www.dcu.ie/registry/examinations/index.shtml

Indicative Content and Learning Activities
Accounting Theory.
agency theory; stakeholder theory..

Specific Accounting Topics.
accounting for construction contracts; accounting for leases and hire purchase; accounting for borrowing costs; preparation of an operating and financial review, accounting for current and deferred taxation; substance over form..

Issues Facing the Professional Accountant.
corporate social responsibility, corporate governance; ethical considerations facing the professional accountant..

Reporting and Assessing Financial Performance.
accounting for non-current assets held for sale; accounting for discontinued operations; basic earnings per share; diluted earnings per share..

Group Accounting.
fundamentals of group accounting; accounting for subsidiaries; the consolidated balance sheet; the consolidated income statement; accounting for associated companies; introduction to consolidated cash-flow statements..

Current Issues in Accounting.
earnings management, risk management, Enron study.

Assessment Breakdown
Continuous Assessment0% Examination Weight100%
Course Work Breakdown
TypeDescription% of totalAssessment Date
Reassessment Requirement
Resit arrangements are explained by the following categories;
1 = A resit is available for all components of the module
2 = No resit is available for 100% continuous assessment module
3 = No resit is available for the continuous assessment component
This module is category 1
Indicative Reading List
  • Elliott and Elliott: 2010, Financial Accounting and Reporting, 13th, Pearson Prentice-Hall, London,
  • Alexander, Britton and Jorissen: 2005, International Financial Reporting and Analysis, 3rd, Thomson Learning,
  • Atrill: 2005, Financial Management for Decision Makers, 4th, Prentice-Hall,
  • Bakan: 2005, The Corporation: The Pathological Pursuit of Profit and Power, Robinson Publishing,
  • Cadbury Report: 1992, Report of the Committee on the Financial Aspects of Corporate Governance, Gee Publishing, London,
  • Solomon: 2004, Corporate Governance and Accountability, 2nd, Wiley,
  • Scott: 2009, Financial Accounting Theory, 5th, Pearson Prentice Hall,
  • Kim and Nofsinger: 2007, Corporate Governance, 2nd, Prentice-Hall,
  • Dellaportas, Gibson, Alagiah, Hutchinson, Leung and Van Homrigh: 2005, Ethics, Governance and Accountability, Wiley,
Other Resources
None
Array
Programme or List of Programmes
AFBA in Accounting & Finance
Timetable this semester: Timetable for AC303
Date of Last Revision10-SEP-10
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