Advanced Financial Accounting

Cod y Modiwl: AB31100
Teitl y Modiwl: Advanced Financial Accounting
Blwyddyn Academaidd: 2027/2028
Semester: Semester 1 Dysgwyd dros 2 semester
Cyd-gysylltydd y Modiwl: Ms Megan Williams
Rhestr Ddarllen: Gweld ar Aspire
Rhagofynion: AB21120
Staff Eraill sy'n Cyfrannu: Dr Sarah Lindop; Ms Megan Williams; Professor Homagni Choudhury

Dulliau Asesu

Math o Asesiad	Manylion Asesiad	Cyfran
Arholiad Semester	Test: 2 Awr	30%
Arholiad Semester	Exam: 3 Awr Exam	70%
Arholiad Ailsefyll	Test: 2 Awr	30%
Arholiad Ailsefyll	Exam: 3 Awr Exam	70%

Canlyniadau Dysgu

Wedi cwblhau'r modiwl dylai'r myfyrwyr fedru:

1. Describe, explain and critically evaluate the need for and uses of accounting for business combinations, and compare and contrast the alternative methods/approaches to group accounting.
2. Describe, explain and critically evaluate the importance of fair valuation and the treatment of goodwill in group accounting.
3. Prepare consolidated accounts under acquisition accounting (including accounting for associated undertakings); and compare acquisition with merger accounting techniques.
4. Explain, discuss, evaluate and calculate the presentation in and impact upon (group) accounts of goodwill and intangible assets, with a comparison of latest versus previous treatment where pertinent for foreign currency translation.
5. Explain and discuss the conceptual framework upon reporting financial performance as it pertains to group accounting and foreign currency translation.

Disgrifiad cryno

The majority of large business organisations are groups, comprising several or many companies under common ownership. In reporting on the activities, position and performance of such organisations, combination of the financial reports of the individual group companies is necessary. This module introduces the conceptual and regulatory issues involved in this process and the actual techniques of group accounting. The module also addresses accounting for foreign currency transactions and translation, as required when groups or companies have activities / companies located overseas.

Cynnwys

GROUP ACCOUNTING
Need for group accounting
Regulatory requirements
Difference between book value and fair value
Understanding control
Comparing and understanding the different methods of group accounting (current methods and history) for acquisition accounting techniques
Full consolidation (entity and proprietary)
Proportional consolidation
Merger accounting (background and history)
Subsidiaries and non controlling interests
Regulatory requirements and accounting for associates and joint arrangements
Goodwill and intangible assets
Impairment reviews

FOREIGN CURRENCY TRANSLATION
Need for foreign currency translation
Regulatory requirements
Individual company translation of transactions
Translation of company accounts for consolidation
Effects of changes in foreign exchange rates
Impact and effects of hyperinflation

Sgiliau Modiwl

Math o Sgiliau	Manylion Sgiliau
Cyfathrebu	Develop confidence in and clarity of oral communication via example class/tutorial participation. Develop clarity and focus of written communication via development of answers to self study questions. Develop and use appropriate subject-specific vocabulary in oral and written communication.
Datblygu personol a chynllunio gyrfa	Preparation for seminar tasks will encourage initiative, independence and self-awareness.
Datrys Problemau	Identify the precise problem to be solved. Assess which data are pertinent to the problem. Recognize that alternative solution methods might be available. Select and apply appropriate methods for solving the problem. Assess the reasonableness of problem solutions and interpret those solutions.
Gwaith Tim	Develop experience of team work and develop team working skills via small group working on self study. Group work during seminars.
Gwella dysgu a pherfformiad ei hun	Identify and distil the key issues covered by lectures, tutorials and self study. Identify and use a range of learning resources. Investigate benefits of small group working on self study. Structure study to accommodate intensive learning.
Rhifedd	Develop an easy familiarity with numerical data sources and numerical data. Apply numerical data to problem solving with care and accuracy. Assess the reasonableness of and interpret numerical solutions. Support assertions/arguments with appropriately developed and presented numerical data.
Sgiliau pwnc penodol	Develop competence in understanding and appropriately applying Group accounting techniques comparing theory to practice. Develop competence in understanding the difficulties for large organisations to provide financial information that is both useful, understandable, and relevant.
Sgiliau ymchwil	Identify which information sources are available to: facilitate module study (understanding, wider reading). provide data which allow application of module learning in a real world context. Properly reference/attribute information sources.
Technoleg Gwybodaeth	Use a variety of electronic web- and library-based resources to review available information and retrieve pertinent information. Use spreadsheet software to complete elements of the self study.

Nodau

Mae'r modiwl hwn yn cydymffurfio a FfCChC Lefel 6