Financial Reporting - Notes

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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)

Course Outline

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,

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