Financial Reporting 

Through this module, you will develop a thorough understanding of the accounting techniques and skills you'll need to prepare financial statements for different types of businesses. You'll also learn how to make appropriate adjustments to those statements, allowing you to prepare final accounts for a variety of companies. The module deals with topics such as government legislation, regulations, balance sheets and cash flow statements – as well as organisations, ranging from sole traders to groups of companies.

Key Topics

• Influences on production of financial statements
• Companies Acts, SSAPs, FRSs, IFRSs, European directives statements
• Organisations: sole traders, partnerships, limited companies, groups of companies
• Preparation: from incomplete records and trial balances, adjusted for accruals, prepayments, depreciation, bad and doubtful debts, stock valuation, tax, basic principles of consolidation
• Limitations of historical accounts and introduction to accounting for inflation
• The interpretation of financial statements
• Published accounts

Assessment

There are a number of assessments that you complete as part of your coursework and forward to your academic tutor for grading and comments.

You'll also take a summative assessment at the end of your module. Exam venues are located across the UK and exams take place twice a year. Please note that there are additional assessment fees for each module.