| CODE | ACC2292 | ||||||
| TITLE | Financial Reporting and the Public Sector (2) | ||||||
| UM LEVEL | 02 - Years 2, 3 in Modular Undergraduate Course | ||||||
| MQF LEVEL | 5 | ||||||
| ECTS CREDITS | 6 | ||||||
| DEPARTMENT | Accountancy | ||||||
| DESCRIPTION | The content of this study-unit will build upon prior knowledge and introduce the students to the requirements of international financial reporting standards that deal with presentation issues in financial statements, valuation of assets, contingencies and employee benefits. The study-unit will emphasise the financial reporting requirements of accounting standards applicable to the public sector concerning events after the reporting date; impairment; intangible assets; and investment property. Study-unit Aims: The aim of this study-unit is to build upon prior knowledge of students reading for the BA (Hons) Public Sector Accounting by introducing them to further accounting standards relating to presentation and valuations, with particular reference to the Public Sector. Learning Outcomes: 1. Knowledge & Understanding By the end of the study-unit the student will be able to: - Describe the conceptual framework underlying International Public Sector Accounting Standards (IPSASs); - Describe current legislation and applicable accounting standards. 2. Skills By the end of the study-unit the student will be able to interpret and apply IPSASs relating to presentation of financial statements and valuation of assets. Main Text/s and any supplementary readings: - Alan Melville, International Financial Reporting, A Practical Guide, (latest edition), FT Prentice Hall. - International Public Sector Accounting Standards (available from www.ifac.org). |
||||||
| ADDITIONAL NOTES | Pre-requisite Study-unit: ACC2231 This study-unit is only offered to students following the BA (Hons) Public Sector Accounting. |
||||||
| STUDY-UNIT TYPE | Lecture | ||||||
| METHOD OF ASSESSMENT |
|
||||||
| LECTURER/S | Marelaine Mercieca Daniel Borg Josette Caruana |
||||||
|
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 Units not attracting a sufficient number of registrations may be withdrawn without notice.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. |
|||||||