STRATEGIC BUSINESS REPORTING

Paper Code: 
AAF 412
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

Course Outcomes

Learning and teaching strategies

Assessment Strategies

On completion of this course, the students will be able to:

CO116: Focus on The Professional and ethical duty of the accountant, Legal and Financial reporting framework, and Reporting of financial performances of entities

CO117:  Conclude in detail the practical applications of International Financial Reporting Standards and enable the development of skill-based application of IFRS

CO118:  Prepare Financial statements of groups of entities

CO119: Organize and develop skills for Appraisal of financial performance and position of entities

CO120: Summarize the Implications of changes in accounting regulation on financial Reporting and provide knowledge of Current developments organization strategies.

CO121: Analyze and apply risk management strategies.

Interactive Lectures, Discussion, Tutorials, assignments.

 

 

Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments,  Individual projects

 

12.00
Unit I: 

• 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

12.00
Unit II: 

• 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

12.00
Unit III: 

• 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

12.00
Unit IV: 

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

12.00
Unit V: 

• 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

Essential Readings: 

• Module of SBR, Kaplan publishing
• Exam kit, Kaplan publishing

References: 

• ACCA Strategic Business Reporting, BPP Publishing

e- RESOURCES
• https://www.accaglobal.com/gb/en/student/exam-support-resources

REFERENCE JOURNALS:

• In Practice- ACCA Newsletter

Academic Year: 
2023-2024
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