STRATEGIC BUSINESS REPORTING

·         The Professional and ethical duty of the accountant: Professional behaviour and compliance with accounting standards. Ethical requirement of ethical reporting and consequences of unethical behaviour. Social Responsibility

·         Legal and Financial reporting framework: The application strength and weakness of an accounting framework, Critical evaluation of principles and practice, The legal requirements relating to the preparation of single entry financial reporting statements.

·         Reporting of financial performances of entities –I: Performance Reporting, Non – current Assets: Tangible and intangible

·         Reporting of financial performances of entities- II: Provisions and contingencies and events after the reporting date transaction, Financial instruments, Leases, Segment reporting, Employee benefits, Taxation

·         Reporting of financial performances of entities- III: Provisions, contingencies and events after the reporting date, Related parties, Share-based payment, Reporting requirements of small and medium sized entities (SMEs) including key differences between the requirements of the IFRS for SMEs and UK GAAP

·         Financial statements of groups of entities: Group accounting including cash flow statements, Continuing and discontinued interests, Changes in group structures, Foreign transactions and entities

·         Appraisal of financial performance and position of entities: The creation of suitable accounting policies, Analysis and interpretation of financial information and measurement of performance. Specialized entities and specialized transactions. Financial reporting in specialized, not for profit and public- sector entities Entity scheme for arrangement and reconstruction.

·         Implications of changes in accounting regulation on financial

·         Reporting: The effect of changes in accounting standards on accounting Systems, proposed changes to accounting standards

·         Current developments: Environmental and social reporting, Convergence between national and international reporting standards, Current reporting issues