ACC-40001 - Module Specification
Keele Business School
Faculty of Humanities and Social Sciences

Programme/Approved Electives for 2024/25

Available as a Free Standing Elective

Co-requisites

None

Prerequisites

None

Barred Combinations

None

Description for 2024/25

This module provides students with knowledge and critical understanding of the requirements of the international GAAP allowing them to prepare non-group and basic group financial statements. The module explores how such financial statements may be analysed and interpreted and introduces students to measurement models and the conceptual framework adopted by the IASB.

To provide students with the knowledge and a critical understanding of the requirements of the International GAAP (Generally Accepted Accounting Principles) allowing them to prepare non-group and basic group financial statements
To provide students with the knowledge and techniques to analyse critically and interpret financial statements and recognize their limitations.
To introduce measurement models and the conceptual framework adopted by the IASB (International Accounting Standards Board).
To familiarise students with the institutional and social contexts of formulating international accounting standards and provide them with the knowledge to evaluate the cultural, political and market forces that influence this process.
To understand and critically evaluate the implications of the globalisation of accounting regulation
To provide students with transferable IT skills in the preparation of company accounts.

Intended Learning Outcomes

prepare main non-group and consolidated financial statements in accordance with the International GAAP: 1,2
critically evaluate measurement models and the conceptual framework adopted by the IASB: 1,2
evaluate the meaning of reported profit as distinguished from cash flow: 1,2
analyse the institutional and social contexts of globalization of financial reporting and the knowledge to evaluate critically the cultural, political and market forces that influence this process: 1,2
critically analyse the nature of financial statements and their inherent limitations, and acquisition of skills to be able to analyse critically and communicate these elements: 1,2

Study hours

Lectures 9 x 2 hours = 18 hours
Tutorials 6 x 1 hour = 6 hours
Total lectures and tutorial preparation 24 hours
Assignment and Exam Preparation = 60 hours
Final Exam = 2 hours
Private Study = 40 hours
Total 150 hours

School Rules

None

Description of Module Assessment