Module Catalogues, Xi'an Jiaotong-Liverpool University   
Module Code: ACC303
Module Title: Financial Reporting II
Module Level: Level 3
Module Credits: 5.00
Academic Year: 2021/22
Semester: SEM1
Originating Department: Department of Accounting
Pre-requisites: N/A
This module is designed to build upon the knowledge and skills that students have gained in earlier modules by covering more detailed and complex accounting standards and looking at ways in which financial statements can be analysed.

It will draw on learning achieved in other modules as well as providing students with additional technical knowledge and more advanced skills in financial reporting.

Learning outcomes 
Students completing the module successfully should:

(note: for accreditation and other reasons, sub-headings could be added apart from the items below by departments)

A Evaluate the financial reporting framework.

B Appraise ethical and professional issues for an accountant undertaking work in corporate reporting and recommend courses of action.

C Prepare and evaluate single company financial statements, or extracts thereof, in accordance with IFRS for complex transactions.

D Understand accounts for business combinations in accordance with International Accounting Standards.

E Determine appropriate procedures to be used in preparing group financial statements.

Method of teaching and learning 
Lectures supported by scenarios and examples. Seminars/workshops to practice the application of techniques and principles.

• International Accounting Standards/International Financial Reporting Standards (IAS/IFRS) regulatory / conceptual framework

• Recognition and valuation of tangible/intangible assets-IAS 16/IAS 38

• Borrowing cost, Government grants, Investment properties-IAS 23,IAS 20,IAS 40

• Impairment-IAS 36

• Leases-IAS 17

• Recognition of liabilities/provisions-IAS 37

• Financial instruments-IAS 32,IAS 39, IFRS7

• Principles of business taxation-IAS 12

• Specialised entities-

• Related parties-IAS 24

• Single entity statements of cash flows-IAS 7

• Fair value Measurement- IFRS 13

• Preparation of a single entity and consolidated statements (including an associate)-IFRS 3, IFRS 10, IAS 28
Delivery Hours  
Lectures Seminars Tutorials Lab/Prcaticals Fieldwork / Placement Other(Private study) Total
Hours/Semester 26    13    111    150 


Sequence Method % of Final Mark
1 Assignment 15.00
2 Final Exam 85.00

Module Catalogue generated from SITS CUT-OFF: 12/2/2020 5:13:25 AM