ACC3001 : Advanced Financial Accounting and Reporting
ACC3001 : Advanced Financial Accounting and Reporting
- Offered for Year: 2024/25
- Module Leader(s): Mrs Joanne Parker
- Lecturer: Mrs Tracey Wilson
- Owning School: Newcastle University Business School
- Teaching Location: Newcastle City Campus
Semesters
Your programme is made up of credits, the total differs on programme to programme.
Semester 1 Credit Value: | 10 |
Semester 2 Credit Value: | 10 |
ECTS Credits: | 10.0 |
European Credit Transfer System | |
Pre-requisite
Modules you must have done previously to study this module
Code | Title |
---|---|
ACC2005 | Intermediate Financial Accounting |
Pre Requisite Comment
Academic Exchange Co-ordinator can approve registrations from Study Abroad students
Co-Requisite
Modules you need to take at the same time
Co Requisite Comment
None
Aims
The module will allow students to:
1. Apply the requirements of international financial reporting standards to the preparation of single
company and consolidated financial statements. Propose and justify the most appropriate accounting
treatment for given scenarios.
2. Identify and critically evaluate the choices that specific international financial reporting
standards make available and the potential misuse of such choices for earnings management
purposes.
3. Describe and apply the main features of the UK Corporate Governance Code.
4. Identify ethical threats and evaluate appropriate actions and safeguards to mitigate those threats.
5. Describe and critically evaluate the benefits and implications of integrated reporting and
sustainability accounting within a corporate accountability framework.
Outline Of Syllabus
1. Company financial statements
2. The frameworks of financial reporting
3. Contemporary issues in accounting
4. Consolidated accounting issues
Learning Outcomes
Intended Knowledge Outcomes
At the end of the module students will be able to
1. Describe the requirements of international financial reporting standards to single company and consolidated financial statements.
2. Identify the choices that specific financial reporting standards make available.
3. Describe the main features of the UK Corporate Governance Code.
4. Identify ethical threats.
5. Describe the benefits of integrated reporting and sustainability accounting within a corporate
accountability framework.
Intended Skill Outcomes
At the end of the module students will be able to
1. Apply the requirements of international financial reporting standards to single company and
consolidated financial statements. Propose and justify the most appropriate accounting treatment
for given scenarios.
2. Critically evaluate the choices that specific international financial reporting
standards make available and the potential misuse of such choices for earnings management
purposes.
3. Apply the main features of the UK Corporate Governance Code.
4. Evaluate ethical threats and determine appropriate actions and safeguards to mitigate those
threats.
5. Critically evaluate the benefits and implications of integrated reporting and sustainability
accounting within a corporate accountability framework.
Teaching Methods
Teaching Activities
Category | Activity | Number | Length | Student Hours | Comment |
---|---|---|---|---|---|
Guided Independent Study | Assessment preparation and completion | 1 | 60:00 | 60:00 | N/A |
Scheduled Learning And Teaching Activities | Lecture | 15 | 2:00 | 30:00 | 7 PiP lecture each semester; plus 1 revision lecture in semester 2. |
Guided Independent Study | Directed research and reading | 1 | 30:00 | 30:00 | N/A |
Scheduled Learning And Teaching Activities | Small group teaching | 6 | 1:00 | 6:00 | 3 PiP seminars each semester |
Guided Independent Study | Independent study | 1 | 74:00 | 74:00 | N/A |
Total | 200:00 |
Teaching Rationale And Relationship
Lecture materials introduce the course material to students. Students are given a programme of required reading to supplement the lecture materials and are also encouraged to read round the subject as widely as possible.
Students also receive individual question practice and discussion topics to be completed prior to the synchronous small group seminars. The small group seminars serve two functions:
1. To consolidate the numerical part of the course material by allowing students to tackle problems in a small group environment, where the seminar leader is on hand to provide explanations and give extra help as required.
2. To encourage discussion of issues in normative and positive accounting theory. Students are required to discuss these issues in small teams and to present their findings to the rest of the class, thus developing oral communication skills. The programme of seminar work helps students to develop problem-solving, numeracy and written communication skills.
Synchronous drop-ins and surgeries provide opportunity for the whole cohort to participate in synchronous Q&A sessions and revision sessions to prepare for the exam.
Discussion boards provide students with the opportunity to share queries with the rest of the cohort and to discuss and explore areas of mutual interest related to the subject matter and module objectives.
Reading Lists
Assessment Methods
The format of resits will be determined by the Board of Examiners
Exams
Description | Length | Semester | When Set | Percentage | Comment |
---|---|---|---|---|---|
Written Examination | 180 | 2 | A | 100 | N/A |
Formative Assessments
Formative Assessment is an assessment which develops your skills in being assessed, allows for you to receive feedback, and prepares you for being assessed. However, it does not count to your final mark.
Description | Semester | When Set | Comment |
---|---|---|---|
Prob solv exercises | 1 | M | Practice questions provided |
Prob solv exercises | 2 | M | Practice questions provided |
Assessment Rationale And Relationship
The formal examination tests students' intended knowledge and skills outcomes, in particular their ability to write succinct essays and solve numerical problems.
In the case of an alternative semester 2 assessment (worth 100% of the overall module mark) being necessary due to circumstances, the module leader will in the first instance consult with the DPD as to the requirements of the professional accrediting body to discuss possible acceptable alternatives.
Timetable
- Timetable Website: www.ncl.ac.uk/timetable/
- ACC3001's Timetable
Past Exam Papers
- Exam Papers Online : www.ncl.ac.uk/exam.papers/
- ACC3001's past Exam Papers
General Notes
Original Handbook text:
Welcome to Newcastle University Module Catalogue
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Disclaimer
The information contained within the Module Catalogue relates to the 2024 academic year.
In accordance with University Terms and Conditions, the University makes all reasonable efforts to deliver the modules as described.
Modules may be amended on an annual basis to take account of changing staff expertise, developments in the discipline, the requirements of external bodies and partners, and student feedback. Module information for the 2025/26 entry will be published here in early-April 2025. Queries about information in the Module Catalogue should in the first instance be addressed to your School Office.