Module Catalogues, Xi'an Jiaotong-Liverpool University   
Module Code: ACC406
Module Title: Corporate Reporting and Auditing I
Module Level: Level 4
Module Credits: 5.00
Academic Year: 2020/21
Semester: SEM2
Originating Department: Department of Accounting
Pre-requisites: N/A
To enable students to apply technical knowledge, analytical techniques and professional skills to resolve compliance and business issues that arise in the context of the preparation and evaluation of corporate reports and from providing audit services.

To require students to use technical knowledge and professional judgement to identify, explain and evaluate alternatives and to determine the appropriate solutions to compliance issues, giving due consideration to the needs of clients and other stakeholders. The commercial context and impact of recommendations and ethical issues will also need to be considered in making such judgements.
Learning outcomes 
A. formulate, implement and evaluate accounting and reporting policies for single entities of varying sizes and in a variety of industries

B. discern and apply the appropriate treatment to complex transactions and complex scenarios

C. evaluate and apply technical knowledge from individual accounting standards and apply professional skills to integrate knowledge where several accounting standards are simultaneously applicable and interact

D. analyse, interpret, evaluate and compare financial statements of entities both over time and across a range of industries.

E. explain the processes involved in planning an audit, evaluating internal controls, appraising risk, gathering evidence and drawing conclusions in accordance with the terms of the engagement

F. evaluate corporate reporting policies, estimates and disclosures in a scenario in order to be able to assess whether they are in compliance with accounting standards and are appropriate in the context of audit objectives

G. identify and critically examine ethical issues. Where ethical dilemmas arise, students will be able to recommend and justify appropriate actions, including ethical safeguards to mitigate threats

Method of teaching and learning 
A range of teaching and learning methods will be utilized on this module. Core substantive knowledge will be delivered via two weekly 2-hour lectures plus a one-hour lecture, and the knowledge covered in lectures will be reinforced by practical student group work, culminating in participative tutorials of two-hour duration each week. Longer, case-based work will be delivered by means of four 2-hour seminars, which will again be participative in nature.
1. Corporate Reporting 55 - 65%

2. Audit and Assurance 30 - 40%

3. Ethics 5 -10%

TOTAL 100%

ACF426 will cover following chapters of ICAEW Corporate Reporting study manual:

Chapter 1 Introduction

Chapter 2 Principles of corporate reporting

Chapter 3 Ethics

Chapter 4 Corporate governance

Chapter 5 The statutory audit: planning and risk assessment

Chapter 6 The statutory audit: audit evidence

Chapter 7 The statutory audit: evaluating and testing internal controls

Chapter 8 The statutory audit: finalization, review and reporting

Chapter 9 Reporting financial performance

Chapter 10 Reporting revenue

Chapter 11 Earnings per share

Chapter 12 Reporting assets

Chapter 13 Reporting of non-financial liabilities

Chapter 14 Leases, government grants and borrowing costs

Chapter 18 Employee benefits

Chapter 19 Share-based payments

All other chapters of the ICAEW Corporate Reporting study manual will be covered by ACF430 Corporate Reporting II.

Delivery Hours  
Lectures Seminars Tutorials Lab/Prcaticals Fieldwork / Placement Other(Private study) Total
Hours/Semester   72        78  150 


Sequence Method % of Final Mark
1 Course Work 15.00
2 Course Work 15.00
4 Exam (Open Book) 70.00

Module Catalogue generated from SITS CUT-OFF: 12/2/2020 5:25:35 AM