Unit information: Financial Reporting in 2019/20

Please note: Due to alternative arrangements for teaching and assessment in place from 18 March 2020 to mitigate against the restrictions in place due to COVID-19, information shown for 2019/20 may not always be accurate.

Please note: you are viewing unit and programme information for a past academic year. Please see the current academic year for up to date information.

Unit name Financial Reporting
Unit code ECONM0001
Credit points 15
Level of study M/7
Teaching block(s) Teaching Block 1 (weeks 1 - 12)
Unit director Emeritus Professor. Ellwood
Open unit status Not open
Pre-requisites

None
Co-requisites

None
School/department University of Bristol Business School
Faculty Faculty of Arts, Law and Social Sciences

Description including Unit Aims

This unit introduces the core accounting area of international financial reporting. The aims are:

  • To enable students to understand and critically evaluate the published financial statements of businesses reporting under international financial reporting standards.
  • To provide an appreciation of the accounting behind the financial statements, the major issues and the regulatory environment.
  • To introduce students to the preparation of group accounting statements and accounting in a multinational context.

Intended Learning Outcomes

On successful completion of this unit a student will be able to:

  • Demonstrate awareness of the structure of accounting regulation
  • Show understanding of the IFRS conceptual framework
  • Critically discuss and apply the main accounting standards
  • Make accounting judgements and produce accounting statements suitable for publication
  • Demonstrate how the accounting statements for groups of companies are produced

Teaching Information

Lectures and tutorials

Assessment Information

Formative assessment:

Each student prepares material for weekly tutorials. Two pieces of work are submitted for marking and feedback.

Summative assessment:

3 hour exam 100% which tests the learning outcomes specified above

Reading and References

Required text

Walton, P. and Aerts, W. (2017), Global Financial Accounting and Reporting, Fourth Edition South Western Cengage Learning ISBN 978-1-4737-2952-0.

Introductory reading

McLaney, E. and Atrill, P. (2016), Accounting and Finance; An introduction, Eighth Edition, Pearson ISBN 9781292088297

Further reading

Melville, A. (2017), International Financial Reporting, Sixth Edition, Pearson ISBN: 9781292200743 Journal articles as directed in lecture and tutorial materials

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