International Corporate Financial Reporting
University of Reading
Area of Study
Accounting, Corporate Studies, Finance, International Business
Taught In English
Course Level Recommendations
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
Recommended U.S. Semester Credits6
Recommended U.S. Quarter Units8
Hours & Credits
OverviewModule Provider: Henley Business SchoolNumber of credits: 20 [10 ECTS credits]Level:5Terms in which taught: Autumn term modulePre-requisites: AC105A Introductory International Financial Accounting A and AC105B Introductory International Financial Accounting B or AC101 Introduction to Accounting or AC104 Introductory Financial AccountingNon-modular pre-requisites:Co-requisites:Summary module description:This module looks closely at the content and application of range of international financial reporting standards. The module is designed for students following a range of degree programmes who already have prior knowledge of financial accounting.This module is delivered at University of Reading, University of Reading Malaysia and Beijing Institute of Technology.Aims:This module aims to develop and add to the knowledge, understanding and skills of financial accounting and reporting acquired on the level 4 modules Introductory International Financial Accounting A and B or (AC105a and C105b) and Introduction to Financial Accounting (A101). The module focuses on the technical and conceptual requirements of the regulatory framework for financial reporting.Assessable learning outcomes:By the end of the module it is expected that students will be able to:1. Describe, explain and discuss aspects of the regulatory framework affecting the preparation of financial statements.2. Describe, explain and apply the International Accounting Standards Board?s (IASB) conceptual framework for financial reporting.3. Describe, explain, apply and discuss the contents of a number of selected International Financial Reporting Standards (IFRS)4. Prepare a complete set of financial statements from accounting data for single entities in conformity with IFRS.5. Display evidence of the professional skills of assimilating and using information and structuring problems and solutions; and organiseAdditional outcomes:The module also aims to encourage the development of oral communication skills and the students? effectiveness in group situations. Structured activities are designed to develop independent learning, including reflective, adaptive and collaborative learning.Outline content:The regulatory and conceptual framework of financial reporting; the presentation and preparation of single entity financial statements; specific techniques and regulation, including reporting financial performance; accounting for tangible non-current assets; intangible assets; impairment of assets; revenue and inventories; provisions, contingencies and events after the reporting period.Brief description of teaching and learning methods:Lecture/workshops will be used for the exposition of the main concepts, principles and techniques associated with the discipline. Separate workshops will focus on numerical practice and discussion of examination style questions.Contact hours:AutumnLectures 22Practicals classes and workshops 18Guided independent study 158Total hours by term 198.00Total hours for module 198.00Summative Assessment Methods:Method- PercentageWritten exam 80Class test administered by School 20Other information on summative assessment:Students will complete one in-class numerical tests.Length of examination:One 2.5 hour unseen written paper with a weight of 80% in the overall assessment of the degree to be held during the May/June examination period.Requirements for a pass:A minimum mark of 40% is required for a University pass.
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Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.
ECTS (European Credit Transfer and Accumulation System) credits are converted to semester credits/quarter units differently among U.S. universities. Students should confirm the conversion scale used at their home university when determining credit transfer.
Please reference fall and spring course lists as not all courses are taught during both semesters.
Please note that some courses with locals have recommended prerequisite courses. It is the student's responsibility to consult any recommended prerequisites prior to enrolling in their course.