Requisites: Pre-requisite: [Module ACC08104] Corporate Accounting

The module will introduce you to conceptual frameworks, accounting standard setting and other forms of regulation. It will cover recognition criteria and principles of measurement for more complex accounting transactions e.g. non- current assets, financial instruments and provisions. We will also cover Alternative valuation models. You will learn about Business combinations including accounting for groups including subsidiaries and associates. We will also look at the forms and key requirements of corporate insolvency.

Upon completion of this module you will be able to

LO1: Relate and analyse the current conceptual frameworks for financial reporting.

LO2: Assess the current use of alternative valuation models and the practical problems with their application.

LO3: Appraise, for a number of significant items in the financial statements, the problems associated with standard accounting practice focussing on recognition and measurement.

LO4: Prepare and present group financial statements