MMM063-International Financial Reporting 2

Module Provider: Business Informatics, Systems and Accounting
Number of credits: 20 [10 ECTS credits]
Terms in which taught: Spring term module
Non-modular pre-requisites:
Co-requisites: MMM062 International Financial Reporting 1
Modules excluded:
Current from: 2021/2

Module Convenor: Dr Renata Stenka

Type of module:

Summary module description:

This module develops further students’ knowledge and understanding of international financial reporting and the relevant regulatory and institutional framework of financial accounting. It also covers performative aspects of financial disclosure. 


This module aims to develop further students’ critical knowledge and understanding of decision-useful stakeholder-related financial reporting by considering further examples of the financial reporting principles and methods that underlie the preparation of financial reports in an international context. It also aims to place accounting in a broader social and institutional context. 

Assessable learning outcomes:

By the end of the module is it expected that the student will be able to: 

  1. Understanding and application of relevant international accounting standards 

  2. Appreciation and understanding of the broader political, institutional and social context of financial reporting 

  3. Knowledge and understanding of the controversies surrounding recent financial reporting developments 

  4. Appreciation of t he inherent subjectivity of financial disclosure.     


Intended learning outcomes: 

  1. Discuss the development of a number of international financial reporting standards that cause controversy. 

  2. Describe, apply and critically appraise the contents of such standards 

  3. Critically apprai se various academic arguments relating to the content of standards and the politics of accounting standard setting process 

  4. Analyse, summarise and synthesise selected relevant academic and professional literature. 

  5. Critically evaluate and challenge established dogmas in the relevant body of knowledge.

Additional outcomes:

The module also aims to encourage the development of oral communication skills, and the students’ effectiveness in group situations. Structured activities are designed to develop independent learning skills. Students are encouraged to develop additional IT skills by use of relevant web resources and communication techniques, including Blackboard. 

Outline content:

  1. Further aspects of accounting for assets and liabilities

  2. Group accounting

  3. Measurement issues in financial reporting and performative function of financial disclosure

  4. The institutional and political context of accounting standard setting

  5. Regulatory rhetoric in accounting field  

  6. Social impact of financial reporting 

  7. Creative Accounting 

  8. Integrated Reportin g  

Global context:

Focus on global financial accounting and reporting regulations and institutional developments.  

Contributions from the international speakers.

Brief description of teaching and learning methods:

Lectures will be used for the exposition of the major concepts, principles and techniques under consideration. Workshops will be used for case studies, practical applications and student-led presentations or discussions. The input from external speaker(s) will provide international and interdisciplinary context to the module delivery. 

Contact hours:
  Autumn Spring Summer
Lectures 22
Tutorials 16
Guided independent study:      
    Wider reading (independent) 43
    Wider reading (directed) 12
    Exam revision/preparation 10
    Preparation for tutorials 20
    Completion of formative assessment tasks 5
    Revision and preparation 12 56
    Reflection 4
Total hours by term 0 144 56
Total hours for module 200

Summative Assessment Methods:
Method Percentage
Written exam 80
Class test administered by School 20

Summative assessment- Examinations:

One 2 hour closed book unseen written exam in the Summer term. 

Summative assessment- Coursework and in-class tests:

One 1h mid-term test in the spring term in week 26. 

Formative assessment methods:

Group work based on real life case studies.

Penalties for late submission:

Penalties for late submission on this module are in accordance with the University policy. Please refer to page 5 of the Postgraduate Guide to Assessment for further information:

Assessment requirements for a pass:

A weighted average mark of coursework and examination of 50%. 

Reassessment arrangements:

By examination only (one 2-hour unseen written paper) in August/September. MCQ will not be included in the re-assessment. 

Additional Costs (specified where applicable):



  1. Required text books - Elliot, B. and Elliot, J. Financial Accounting and Reporting 18th Edition, Pearson, 2017

Approx. £50

Last updated: 13 May 2021


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