This week’s topics
Financial Reporting Frameworks
- Role of reporting in business growth
- Conceptual frameworks and GAAP
- Corporate governance requirements
- FRS 102 – The Financial Reporting Standard (UK GAAP Explained)
- Corporate Disclosure
What you will be able to do
- 1.1 Explain the purpose of financial reporting for meeting organisational objectives, development and growth.
- 1.2 Analyse the context of financial reporting including regulatory frameworks and governance of financial reporting.
Activity
Start with this week’s 2 videos, then: Seminar, guided reading and a short written task: explain the purpose of financial reporting for meeting organisational objectives, development and growth.
Study materials
Videos
- FRS 102 – The Financial Reporting Standard (UK GAAP Explained) · YouTube · Accounting BotCast · 25 min · for registered students
- Corporate Disclosure · YouTube · Dr Yannis · 33 min · for registered students
- Company Accounts and Financial Statements · YouTube · Dr Yannis · 36 min · for registered students
- Development of Corporate Governance · YouTube · Galton College · 36 min · for registered students
Further resources
- Conceptual Framework for Financial Reporting: Project Summary (IASB, March 2018) · PDF · Other, guidance · for registered students
- Intermediate Financial Accounting Vol. 1, Lyryx 2021-A, ch. 2: Why Accounting? · PDF · Other, textbook chapter; pp. 5–36 · for registered students
- UK Corporate Governance Code 2024 · PDF · Frc, guidance; 19 pages · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
