Coming soon
Strategic Business Reporting
Course Objectives:
This course will enable the students to evaluate, discuss and apply the concepts, principles and practices that support the preparation and interpretation of corporate reports in various contexts including the ethical assessment of management’s stewardship and the information needs of a diverse group of stakeholders.
Course Outcomes (COs):
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Course |
Course Outcomes |
Learning and teaching strategies |
Assessment Strategies |
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Course Code |
Course Title |
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24AAF412 |
Strategic Business Reporting (Theory) |
CO127: Focus on the accountant's professional and ethical duty and conceptual Framework in corporate reporting CO128: Conclude in detail the practical applications of International Financial Reporting Standards and enable the development of skill-based application of IFRS CO129: Generate report on the financial performance and position of entities in the context of various accounting issues discussed in IAS/IFRS CO130: Preparing consolidated financial statements which involve transactions with foreign group entities CO131: Analyze the impact of current issues on social, environmental, national, and international corporate financial reporting, considering changes in accounting regulations and evaluating entity financial performance. CO132: Contribute effectively in course – specific interaction.
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Approach in teaching: Interactive Lectures, Discussion, Tutorials, assignments.
Learning activities for the students: Self learning assignments, Effective questions
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Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Individual projects |
• 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
1. Module of SBR, Kaplan publishing
2. Exam kit, Kaplan publishing
1. ACCA Strategic Business Reporting, BPP Publishing
E- Content:
1. https://www.accaglobal.com/gb/en/student/exam-support-resources
Reference Journals:
2. In Practice- ACCA Newsletter
