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Advanced Financial Reporting

Module code: ACFI 3221

Module description

A highly technical module consisting of a very detailed review and practice of the mechanics of accounting for groups of companies, together with the study of advanced level financial reporting standards and techniques, combines with a consideration of alternative reporting practices.

Learning Outcomes:

Subject Specific Knowledge and Skills

  • To consider the financial reporting standards applicable to reporting the results of groups of companies
  • To prepare group accounts and reports
  • To consider and critically evaluate the motivations and strategic objectives of takeovers and acquisitions
  • To critically review current financial accounting standards and issues
  • To evaluate and apply mechanisms of capital reconstruction and reorganisation to companies

Cognitive and Non Subject Specific Skills

  • The ability to apply rational analysis to a strategic commercial situation and to draw reasoned conclusions and make appropriate recommendations
  • The ability to learn independently and self-manage learning needs
  • The ability to apply appropriate numeracy skills to a strategic organisational issue
  • The ability to communicate sophisticated financial data and long term plans effectively to a knowledgeable audience

Contact hours per student per year

  • Lectures: 22 hours
  • Tutorials: 22 hours


  • Podcast (voice only) on contemporary issues (10 mins): 30%
  • Unseen exam (120 mins): 70%

Additional costs: No extra costs other than purchase of books