Financial Reporting - Notes

Topics: Balance sheet, Generally Accepted Accounting Principles, Income statement Pages: 84 (20432 words) Published: November 11, 2012

UCD Michael Smurfit School of Business

Executive MBA Financial Reporting Course Book 2012-13
ACC40380 Financial Reporting (Midweek Blackrock) ACC40390 Financial Reporting (Weekend Blackrock) ACC40400 Financial Reporting (City)  






  Aims of course
In the current economic climate as the credibility and reliability of financial reporting comes under sustained scrutiny an appreciation and understanding of the financial reporting process has become increasingly relevant. This course is not intended to develop MBA students into accountants. It is oriented towards developing them into informed users of financial statements. Financial statements, or more precisly, annual reports, contain vast amounts of information. An understanding of the nature, scope and limitations of accounting information is required in order to properly navigate and interpret the detail contained in the annual report. This course in financial reporting aims 1to introduce students to the fundamental concepts and methods used in the preparation of financial statements, and to develop students’ ability 2to understand and evaluate the discloures, both financial and non financial, contained in the annual report and 3to appreciate how managerial estimations and judgements affect the financial reporting process.

Learning outcomes (LO)
After completing this module, students should be able to: 1. Prepare primary financial statements in a format suitable for publication, and in this way be able to understand and read such primary financial statements with greater ease than prior to the module. 2. 3. Critically evaluate the scope, benefits and limitations of narrative and other non-financial disclosures in the annual report. Understand the impact of accounting standards and the exercise of managerial judgement and estimations on information presented in the annual report and as such, have a better appreciation of how companies report financial position and performance. 4. Engage with current debate on ways to enhance the quality of reporting a company’s financial position and performance.

Which other MBA modules does this module relate to?
Financial reporting provides the data on which investors value companies. As such, this module is relevant to Financial Markets and Valuations. Data in published financial reports is likely to be useful in strategy modules where the strategy of individual organisations is being assessed.

Colette Yeates BA, BA (Accounting & Finance), MA, FCCA. E-Mail:

Course structure
The course consists of a six-hour course Introduction to Financial Accounting in the introductory week, followed by twelve two-hour classes in Financial Reporting in Semester 1.


  Teaching and learning strategy
Classes will consist of explanatory material and examples of basic accounting topics from the course notes. The module has a strong applied element with students engaging in numeric and narrative case study work. Students are also expected to read specified financial reporting literature and to participate in class discussion and debate on these readings. Examples of annual reports of Irish and international public companies will be used to allow students to appreciate and understand the layout and accounting content of annual reports. Self study problem material and solutions are provided to assist students’ personal study.

All course materials are available on blackboard in the course documents tab, in folders as follows: 1. 2. 3. 4. 5. EMBA Financial Reporting course material Powerpoint presentations Course readings Problem material and solutions Assessment material

Other sundry material will be posted as appropriate

Financial Reporting is examined using continuous assessment during the course and one exam paper at the end of the course....
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