Short Title:Advanced International Financial Reporting & Audit Practice
Full Title:Advanced International Financial Reporting & Audit Practice
Language of Instruction:English
Module Code:ACCT H4001
 
Credits: 5
Field of Study:Accounting and taxation
Module Delivered in 2 programme(s)
Reviewed By:Christine Nangle
Module Author:Loretta Kyne
Module Description:The aim of this module is to introduce students to more advanced financial accounting/reporting and auditing techniques and to a more detailed application and interpretation of the requirements of International Financial Reporting and Auditing Standards in the preparation of single company and consolidated financial statements and the audit reports thereon.
Learning Outcomes
On successful completion of this module the learner will be able to:
LO1 Describe and discuss the impact of the requirements of International Standards on the preparation and disclosures relevant to the accounting treatment of subsidiaries, associates and Joint ventures in the consolidated Financial Statements of a group.
LO2 Prepare a consolidated Statement of Comprehensive Income and a consolidated Statement of Financial Position for a group reflecting some more advanced consolidation issues.
LO3 Discuss and apply the requirements of a range of International Accounting Standards
LO4 Distinguish between the requirements of International Financial Reporting Standards and FRS 102 as they apply to accounting elements identified in Learning Outcomes 1 and 3 above.
LO5 Critically appraise the framework for completing an audit (for both a single and group entity) and describe the principles underpinning audit reports, with reference to the relevant standards and legislation.
LO6 Identify and discuss, at a basic level, some important current issues in the areas of financial reporting and auditing.
 

Module Content & Assessment

Course Work
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Continuous Assessment The assessment(s) may be in the form of an in-class test or individual/group project or a combination of these assessment methods and will cover one or more of the learning outcomes. 1,2,3,4,5,6 30.00 n/a
End of Module Formal Examination
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Formal Exam End-of-Semester Final Examination 1,2,3,4,5,6 70.00 End-of-Semester

IT Tallaght reserves the right to alter the nature and timings of assessment

 

Module Workload

Workload: Full Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture Class based instruction 4.00 Every Week 4.00
Independent Learning Independent reading and study 5.00 Every Week 5.00
Total Weekly Learner Workload 9.00
Total Weekly Contact Hours 4.00
Workload: Part Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture Class based instruction 2.00 Every Week 2.00
Independent Learning Independent reading and study 7.00 Every Week 7.00
Total Weekly Learner Workload 9.00
Total Weekly Contact Hours 2.00
 

Module Resources

Required Book Resources
  • Ciaran Connolly 2015, International Financial Accounting and Reporting, 5 Ed., Chartered Accountants Ireland
  • Nolan M. & Nangle C. 2013, External Auditing - An Irish textbook, 2 Ed., CAI
  • Porter, Simon & Hatherley 2014, Principles of External Auditing, 4 Ed., Wiley
  • Woolf, E, Auditing Today, Latest Ed., Prentice Hall International, New York and London
Recommended Book Resources
  • IASB 2017, International Financial Reporting Standards
  • ACCA Paper P2, Corporate Reporting (International & UK) Study text, latest Ed., BPP
  • Elliott B. and Elliott E, International Financial Accounting & Reporting, 18 Ed., Pearson
  • Mahony, P. and MacLochlainn, N., Consolidated Financial Statements: A step-by-step approach, 3 Ed., Chartered Accountants Ireland
  • Alexander, D., and Britton, A, International Financial Reporting & Analysis, Thomson Learning
  • Robert J. Kirk, A practical guide to new UK and Irish GAAP, CAI
  • Gray,I, Manson,S and Crawford, L 2015, The Audit Process,Principles,Practice & Cases, 6 Ed., Business Press
Recommended Article/Paper Resources
  • Accountancy Ireland Journal ICAI Relevant articles
  • Accountancy Age Journal Relevant articles
  • Accountancy Plus Journal CPAI Relevant articles
  • Business and Finance Journal Relevant articles
  • Financial Times Newspaper Relevant articles
  • Sunday Business Post Newspaper Relevant articles
Other Resources
 

Module Delivered in

Programme Code Programme Semester Delivery
TA_BACCT_B (1 year add on) Bachelor of Business (Honours) in Accounting & Finance 7 Mandatory
TA_BAACC_B Bachelor of Business (Honours) in Accounting & Finance 7 Mandatory