Financial Reporting and Analysis
Essex Business School
Autumn & Spring
Undergraduate: Level 5
Thursday 03 October 2019
Friday 20 March 2020
11 November 2019
Requisites for this module
BE120, BE130, BE132, BE139, BE936
BSC N400JS Accounting,
BSC N420JS Accounting and Finance,
BSC N390JS Banking and Finance
The module extends the financial accounting component of the first year accounting module, BE100, to the preparation and analysis of the published financial statements of limited companies operating on their own, or within group structures. The content includes the regulation of financial reporting, the function and content of the main published statements, the problems posed by consolidated statements, the analysis of financial statements to assess company/group performance, and problems connected with the treatment of taxation, depreciation, and specific aspects of the asset-expense distinction.
The module is complete in itself, but is also intended to provide students with the conceptual knowledge and technical skills necessary for third year modules in financial accounting.
• to foster in students an inquiring and critical attitude in respect of the subject of financial accounting
• to broaden and deepen students' knowledge of certain topics in financial accounting
• to provide students with a sufficient background in financial accounting that they can assess and evaluate competing claims as to the appropriate treatment in respect of certain accounting issues discussed in the module.
• to introduce students to work related learning (WRL) by providing them with opportunities to engage with accounting professionals in practice
• to provide students with a firm foundation for their third year studies in financial reporting.
On successful completion of the module, students will be able to:
• Understand and critical evaluate some of the key debates in modern financial reporting
• Explain and critical evaluate the role of financial reporting in corporate governance
• Prepare a set of published financial statements, including consolidated accounts, in accordance with the requirements of the regulators and specified accounting standards
• Understand the practice of some accounting issues (e.g., preparation of the published annual report, accounting for taxes) in the real-world via engagement with accounting practitioners and use of real-life case studies
• Apply theory and practice in evaluating the performance, prospects and reporting practices of companies using publicly available information and making recommendations for improvements.
The module is designed to provide students with a set of transferable skills which will be applicable in their professional life. Specifically, the module seeks to support students to:
* identify and critically evaluate key features and arguments covered in texts
* communicate effectively orally and in writing, in presentations and essays
* develop problem solving skills relating to financial accounting issues
* work effectively as part of a team (team working skills in developing a poster))
* work under pressure independently and effectively to meet deadlines (time keeping skills)
* gather, evaluate, structure and present information (poster session)
* develop coherent and well-structured lines of argument supported by relevant analysis and concepts.
The module will be delivered by:
10 two-hour lectures and workshops (weeks 2 – 11) & (weeks 16-25)
10 one hour classes (weeks 3 – 11) & (weeks 16-25)
NB the week numbers here and throughout the booklet are those officially designated by the University for the academic year. Week 1 is ‘Freshers week’, when no teaching takes place. See the university website:
http://www.essex.ac.uk/students/course-admin/timetables.aspx and under Terms, exams and vacations, click on either the pdf or excel file for 2019-20. The lectures will explore the main areas and themes covered in the module. The workshops will be used flexibly depending on the topic covered in the lecture to elaborate or expand on the lecture material or to demonstrate the solution to problems or questions. The material covered in the classes will be drawn from a wide variety of sources such as textbooks, journal articles, learning materials for professional exams, past exam papers etc. As such, the class question for each week will be uploaded on Moodle the week before.
Students are expected to read the references in the reading list and prepare problems and exercises as specified in advance of the classes, so that they can take an active part in discussing the various issues that will be considered in the classes.
- Dunn, John. (2010) Financial reporting and analysis, Hoboken, N.J.: Wiley.
- McKeith, John; Collins, Bill. (c2013) Financial accounting and reporting, Maidenhead: McGraw-Hill Education.
- Elliott, Barry; Elliott, Jamie. (2019) Financial accounting and reporting, Upper Saddle River: Pearson.
- Melville, Alan. (2017) International financial reporting: a practical guide, New York: Pearson Education.
- Melville, Alan. (2019) International financial reporting: a practical guide, New York: Pearson Education.
The above list is indicative of the essential reading for the course. The library makes provision for all reading list items, with digital provision where possible, and these resources are shared between students. Further reading can be obtained from this module's reading list.
Module supervisor and teaching staff
Autumn Term: Kamran Malikov, Danson Kimani; Spring Term: Musa Mangena, Hang Pham
No external examiner information available for this module.
Available via Moodle
No lecture recording information available for this module.
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