The financial reporting syllabus assumes knowledge acquired in Financial Accounting and develops and applies this further and in greater depth.
The course begins with the conceptual framework for financial reporting with reference to the qualitative characteristics of useful information and the fundamental bases of accounting introduced in the Financial Accounting course. It then moves into a detailed examination of the regulatory framework of accounting and how this informs the standard setting process. The main areas of the syllabus cover the reporting of financial information for single companies and for groups in accordance with generally accepted accounting principles and relevant accounting standards.
Finally, the syllabus covers the analysis and interpretation of information from financial reports. Lecturing will consist of theory and practical exercises whereby we will accordingly analyze cases and examples in class. Emphasis will be given on the development of problem-solving skills based on a good understanding of the business environment.