BE110-5-FY-CO:
Financial Reporting and Analysis
2017/18
Essex Business School
Colchester Campus
Full Year
Undergraduate: Level 5
Current
Thursday 05 October 2017
Friday 29 June 2018
30
05 March 2002
Requisites for this module
(none)
(none)
(none)
(none)
BE120, BE130, BE132, BE936
BSC N400 Accounting,
BSC N401 Accounting (Including Foundation Year),
BSC N402 Accounting (Including Year Abroad),
BSC N404 Accounting (Including Placement Year),
BSC N420 Accounting and Finance,
BSC N420JS Accounting and Finance,
BSC N420NS Accounting and Finance,
BSC N422 Accounting and Finance (Including Placement Year),
BSC NN43 Accounting and Finance (Including Foundation Year),
BSC NNK3 Accounting and Finance (Including Year Abroad),
BSC NN24 Accounting and Management,
BSC NN27 Accounting and Management (Including Placement Year),
BSC NN42 Accounting and Management (Including Foundation Year),
BSC NNK2 Accounting and Management (Including Year Abroad),
BSC N4L1 Accounting with Economics (Including Foundation Year),
BSC NKL1 Accounting with Economics (Including Year Abroad),
BSC NL41 Accounting with Economics,
BSC NL44 Accounting with Economics (Including Placement Year),
BSC N390JS Banking and Finance,
BSC N390NS Banking and Finance,
BSC N300 Finance,
BSC N301 Finance (Including Foundation Year),
BSC N302 Finance (Including Year Abroad),
BSC N304 Finance (Including Placement Year),
BA L147 Financial Economics and Accounting (Including Placement Year),
BA L148 Financial Economics and Accounting,
BA L149 Financial Economics and Accounting (Including Year Abroad)
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.
Module Aims
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 provide students with a firm foundation for their third year studies in financial reporting.
Learning Outcomes
On successful completion of the module, students will be able to:
demonstrate an understanding and critical awareness of some of the key debates in modern financial reporting
demonstrate an understanding of the strengths and limitations of modern financial reporting and an awareness of how perceived problems have changed over time
prepare a set of published financial statements in accordance with the requirements of the Companies Acts and specified accounting standards
identify and discuss some of the issues involved in accounting for taxation
prepare a set of consolidated accounts incorporating some simple adjustments using the acquisition method
analyse the performance and prospects of companies using publicly available information.
Skills for Your Professional Life (Transferable Skills)
The module is specifically 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 a range of technical skills enabling them to analyse data and identify key features
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.
No information available.
No information available.
No additional information available.
The module will be delivered by:
10 one hour lectures (weeks 2 – 11) & (weeks 16-25)
10 one hour workshops (weeks 2 - 11) & (weeks 16-25)
10 one hour classes (weeks 2 – 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 2017-18.
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. (2013) Financial reporting and analysis, Hoboken, N.J.: Wiley.
- dawsonera. (2017) Financial accounting and reporting, Harlow: Pearson Education.
- Elliott, Jamie. (2013) Financial accounting and reporting, Harlow: Pearson.
- Collins, Bill. (c2013) Financial accounting and reporting, Maidenhead: McGraw-Hill Education.
- Elliott, Jamie. (2017) Financial accounting and reporting, Harlow: Pearson Education Limited.
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.
Assessment items, weightings and deadlines
| Coursework / exam |
Description |
Deadline |
Coursework weighting |
| Coursework |
AUTUMN TERM TEST |
|
30% |
| Coursework |
AUTUMN TERM ESSAY |
|
40% |
| Practical |
PRESENTATION HAND-IN |
|
30% |
| Exam |
Main exam: 180 minutes during Summer (Main Period)
|
Additional coursework information
Written Assignment
Details of the assignment question will be made available through Moodle in the course of the term (in weeks 7/8). Full guidance on how to tackle the assignment will be given through workshops/seminars.
Please refer to Moodle for specific information regarding dates for submitting coursework online to FASer.
Online Test
The test will be an online test using MyAccountingLab. The class test will focus on published accounts. More information on the class test will be made available through Moodle in the course of the term.
Group Presentation
In the Spring term students will be required to prepare a group poster presentation. For the purposes of the poster students will be arranged into groups of 4/5 students. Each student will be required to submit a reflexive document after the group presentation.
Details of possible topics for the poster and specific details of its requirements and assessment will be made available through moodle.
Exam format definitions
- Remote, open book: Your exam will take place remotely via an online learning platform. You may refer to any physical or electronic materials during the exam.
- In-person, open book: Your exam will take place on campus under invigilation. You may refer to any physical materials such as paper study notes or a textbook during the exam. Electronic devices may not be used in the exam.
- In-person, open book (restricted): The exam will take place on campus under invigilation. You may refer only to specific physical materials such as a named textbook during the exam. Permitted materials will be specified by your department. Electronic devices may not be used in the exam.
- In-person, closed book: The exam will take place on campus under invigilation. You may not refer to any physical materials or electronic devices during the exam. There may be times when a paper dictionary,
for example, may be permitted in an otherwise closed book exam. Any exceptions will be specified by your department.
Your department will provide further guidance before your exams.
Overall assessment
Reassessment
Module supervisor and teaching staff
Prof Pawan Adhikari, email: padhik@essex.ac.uk.
Dr Pawan Adhikari, Dr Azimjon Kuvandikov, Mr Mohamed Elamhgoub, Dr Diogenis Baboukardos, Dr Hang Pham
padhik@essex.ac.uk
Yes
Yes
No
Dr Javed Siddiqui
Senior Lecturer in Accounting
Available via Moodle
Of 396 hours, 358 (90.4%) hours available to students:
38 hours not recorded due to service coverage or fault;
0 hours not recorded due to opt-out by lecturer(s).
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