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- Contemporary issues in financial accounting
Contemporary issues in financial accounting
There are two courses within the 'Contemporary Issues in Financial Accounting' subject area. These courses are synoptically-linked and are studied and examined together.
Level
3
Pre-requisites
Level 2 courses
Financial Accounting
Management Accounting
Contemporary Issues in Financial Accounting (C89CI)
Course aim
- To explore current issues in financial reporting with an emphasis on the practical problems to which analysis of principles and reasoned evaluation of the options available may make a positive contribution.
Course syllabus
- The International Accounting Standards Board
- Beyond Historical Cost
- Developing Issues
- Financial Instruments
- Consolidated Financial Statements
- Consolidated Financial Statements Adjustments
- Foreign Currency Translation
- Economic Substance: Off Balance Sheet Finance
Auditing (C89AU)
Course aims
- To introduce students to the theoretical foundations of auditing
- To understand relevant fundamental concepts and principles in auditing
- To understand the phases of the audit process including case-study based learning
- To critically evaluate developments in the profession and professional framework.
Course syllabus
- The Nature and Purpose of an Audit
- Fundamental Concepts in Auditing
- The Regulatory Framework of Auditing
- Auditors’ Liability
- The Audit Process: Audit Planning
- The Audit Process: From Interim to Completion
- Audit Reporting
- Developments in Auditing