| CODE | ACC5966 | ||||||||||||
| TITLE | Advanced Aspects of Financial Reporting 2 | ||||||||||||
| UM LEVEL | 05 - Postgraduate Modular Diploma or Degree Course | ||||||||||||
| MQF LEVEL | 7 | ||||||||||||
| ECTS CREDITS | 5 | ||||||||||||
| DEPARTMENT | Accountancy | ||||||||||||
| DESCRIPTION | The study-unit introduces students to the issues currently being discussed in financial accounting. It also deals with asset and liability recognition and measurement as well as disclosure aspects of financial reporting. Study-unit Aims The main purposes of the study-unit are: a) To examine aspects related to asset recognition and measurement, and to disclosure. b) To familiarise the student with some of the more important theoretical developments and issues in financial reporting. c) To familiarise the students with advanced aspects of IT applications. Learning Outcomes 1. Knowledge & Understanding: By the end of the study-unit the student will be able to: Interpret theoretical developments related to issues in financial reporting by writing descriptive and argumentative essays. 2. Skills: By the end of the study-unit the student will be able to: a) Account for financial assets and insurance transactions. b) Prepare financial reporting disclosures. c) Account for advanced financial accounting transactions using a specified IT software. Main Text/s and any supplementary readings MAIN TEXTS: 1. Accounting Theory 7th Edition by J.Godfrey, A.Hodgson, S.Holmes, A.Tarca - Publishers WIley ISBN No. 978-0-470-81815-2 2. Comparative International Accounting 12th Edition by C.Nobes & R.Parker - PEARSON ISBN No. - 978-0-27376379-6 SUPPLEMENTARY TEXTS: 1. Contemporary Issues in Accounting (2007) by M.Drever, P.Stanton & S.McGowan - WILEY Australia - ISBN 978-0-470-80766-8 2. Relevant International Financial Reporting Standards 3. The General Accounting Principles for Smaller Entities (GAPSE), Legal Notice 51 (2009) 4. Maltese Legislation and Local and EU Publications dealing with Financial Reporting 5. Relevant articles from international accounting journals |
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| RULES/CONDITIONS | Before TAKING THIS UNIT YOU MUST TAKE EMA1316 AND TAKE ACC1994 AND TAKE ACC2851 AND TAKE ACC3461 AND TAKE ACC5958 | ||||||||||||
| ADDITIONAL NOTES | Pre-requisite Qualifications: Bachelor of Commerce with Accountancy Stream; or Bachelor (Hons) Accountancy and Information Systems. | ||||||||||||
| STUDY-UNIT TYPE | Lecture and Tutorial | ||||||||||||
| METHOD OF ASSESSMENT |
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| LECTURER/S | Jonathan Dingli |
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The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2023/4. It may be subject to change in subsequent years. |
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