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Financial Reporting

AB504

Course CodeAB504
ECTS

Course Description

The aim of this unit is to develop learners’ skills in managing an organisation’s business assets and preparing a range of standard financial reports required to present the financial position of an organisation. They will also explore the conceptual frameworks for financial reporting and how they are related to the reporting of financial information.

Course Objectives

The aim of this unit is to develop learners’ skills in managing an organisation’s business assets and preparing a range of standard financial reports required to present the financial position of an organisation. They will also explore the conceptual frameworks for financial reporting and how they are related to the reporting of financial information.

Key Topics

  1. LO1: Understand the purpose of financial reporting and budgets.
  2. LO2: Understand how to report on the outcome of control accounts.
  3. LO3: Be able to report the outcome of an investment appraisal.
  4. LO4: Be able to report on the financial performance of a business.

Course Outline

WeekTopics
1Financial Reporting Frameworks
2Budgeting Approaches and Strategy
3Variance Analysis and Budget Monitoring
4Principles and Preparation of Control Accounts
5Control Account Analysis and Internal Reporting
6Traditional Investment Appraisal
7Discounted Cash Flow and Investment Reporting
MidtermMidterm evaluation
9Financial Analysis: Profitability and Liquidity
10Financial Analysis: Efficiency and Solvency
11Communicating Financial Information
12Applying Financial Reporting in practice: case studies
13Assignment workshop: research, planning and referencing
14Assignment workshop: drafting, feedback and improvement
15Review and coursework completion
FinalFinal assessment and submission

Learning Outcomes

  1. LO1 Understand the purpose of financial reporting and budgets.
  2. 1.1 Explain the purpose of financial reporting for meeting organisational objectives, development and growth.
  3. 1.2 Analyse the context of financial reporting including regulatory frameworks and governance of financial reporting.
  4. 1.3 Describe how budgeting and monitoring of business performance contribute to business success.
  5. 1.4 Explain the advantages and disadvantages of different types of budget-setting.
  6. 1.5 Analyse and account for variances in a budget.
  7. 1.6 Prepare budget monitoring reports.
  8. LO2 Understand how to report on the outcome of control accounts.
  9. 2.1 Explain the purpose and functions of control accounts.
  10. 2.2 Prepare control accounts from given data.
  11. 2.3 Prepare a report on the outcome of an analysis of control accounts .
  12. LO3 Be able to report the outcome of an investment appraisal.
  13. 3.1 Apply different methods of investment appraisal to business decision-making.
  14. 3.2 Assess the impact of an investment proposal.
  15. 3.3 Prepare a report on the outcome of an investment appraisal.
  16. LO4 Be able to report on the financial performance of a business.
  17. 4.1 Analyse the financial statements of a business.
  18. 4.2 Evaluate the financial performance of a business.
  19. 4.3 Demonstrate how to communicate financial information to different stakeholder groups.
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