| CODE | ACC1994 | ||||||||||||
| TITLE | Accounting Theory and Practice 2 | ||||||||||||
| UM LEVEL | 01 - Year 1 in Modular Undergraduate Course | ||||||||||||
| MQF LEVEL | 5 | ||||||||||||
| ECTS CREDITS | 4 | ||||||||||||
| DEPARTMENT | Accountancy | ||||||||||||
| DESCRIPTION | This study-unit presents aspects of the accounting environment that provide the background of financial accounting development. It introduces the students to the preparation and analysis of financial statements, and to various financial reporting requirements. Aspects of International Financial Reporting Standards (IFRSs) and the equivalent sections of the General Accounting Principles for Small and Medium-Sized Entities (GAPSME) will be addressed. The topics covered include the following: - Published Accounting 福利在线免费, including GAPSME requirements; - The requirements of a selection of IFRSs and their GAPSME equivalents; - The preparation of Statements of Cash Flows and interpretation. Study-Unit Aims: - The aim of this study-unit is to build on the knowledge acquired in the pre-requisite Accounting Theory and Practice 1 and acquaint students with further areas to be covered in greater detail in the later parts of the University accounting course; - This will be achieved by introducing the requirements of a selection of IFRSs and the respective GAPSME equivalents. The issues discussed in the study-unit will be analysed in case study settings. Learning Outcomes: 1. Knowledge & Understanding By the end of the study-unit the student will be able to: - Describe the GAPSME requirements and its applicability; - Explain the environment in which financial accounting operatesin relation to capital market rules; - Describe the importance of statements of cash flows. 2. Skills By the end of the study-unit the student will be able to: - Prepare financial reports, including statements of cash flows, of an entity from given case study data; - Analyse the accounting information published annually by local business entities, including cash flow data; - Assess the financial performance of the reporting entity. Main Text/s and any supplementary readings: Main Texts: - Alan Melville, International Financial Reporting 鈥� A Practical Guide (latest edition), Pearson. - B. Elliott and J. Elliott, Financial Accounting and Reporting (latest edition), Pearson. Supplementary Readings: - Collins and McKeith, Financial Accounting and Reporting (latest edition), McGraw Hill. - Deegan and Umerman, Financial Accounting Theory (latest edition), McGraw Hill. - International Accounting Standards Board, International Financial Reporting Standards (IFRSs) (latest edition), International Accounting Standards Board, London. - Maltese Legislation dealing directly with Financial Reporting and regulation of accounting profession. - The General Accounting Principles for Small and Medium-Sized Entities (GAPSME). Selected readings provided by the lecturer(s). |
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| ADDITIONAL NOTES | Pre-requisite Study-units: EMA1316 | ||||||||||||
| STUDY-UNIT TYPE | Lecture and Tutorial | ||||||||||||
| METHOD OF ASSESSMENT |
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| LECTURER/S | Ronald Attard Michelle Vassallo Pulis |
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The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2025/6. It may be subject to change in subsequent years. |
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