Financial Reporting and Analysis
Essex Business School
Undergraduate: Level 5
Thursday 05 October 2023
Friday 28 June 2024
09 June 2023
Requisites for this module
(BE102 or BE100) and BE103
BE120, BE130, BE132, BE142, BE329, 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),
MACCN440 Accounting and Finance,
MACCN441 Accounting and Finance (Including Placement Year),
MACCN442 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),
BA LX14 Financial Economics and Accounting (Including Foundation Year)
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 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.
The aims of this module are:
- To foster in students an inquiring and critical attitude in respect to 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.
By the end of this module, students will be expected to 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.
Skills for your professional life (Transferable Skills)
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 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.
This module will be delivered via:
- One 2-hour lecture and workshop per week.
- One 1-hour class per week.
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.
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
||Autumn Online Test
||Spring Online Test
||Main exam: In-Person, Closed Book, 180 minutes during Summer (Main Period)
||Reassessment Main exam: In-Person, Closed Book, 180 minutes during September (Reassessment Period)
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.
Module supervisor and teaching staff
There is no financial assistance from the University for travel costs associated with work placements or live projects as part of this module.
Dr Idlan Rabihah Zakaria
Available via Moodle
Of 29 hours, 29 (100%) hours available to students:
0 hours not recorded due to service coverage or fault;
0 hours not recorded due to opt-out by lecturer(s), module, or event type.
* Please note: due to differing publication schedules, items marked with an asterisk (*) base their information upon the previous academic year.
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