| CODE | ACC5966 | ||||||||||||
| TITLE | Advanced Aspects of Financial Reporting 2 | ||||||||||||
| UM LEVEL | 05 - Postgraduate Modular Diploma or Degree Course | ||||||||||||
| MQF LEVEL | 7 | ||||||||||||
| ECTS CREDITS | 5 | ||||||||||||
| DEPARTMENT | Accountancy | ||||||||||||
| DESCRIPTION | The study-unit introduces students to advanced aspects of financial reporting including a number of intricate topics in financial accounting such as financial instruments, share-based payments, insurance contracts and revenue contracts. It also deals with asset and liability recognition and measurement as well as disclosure aspects of financial reporting. Aspects of International Financial Reporting Standards (IFRSs) and the equivalent sections of the General Accounting Principles for Small and Medium-Sized Entities (GAPSME) and the General Accounting Principles in respect of certain Eligible Entities related to the business of Insurance Regulations, will be addressed. Academic literature will also be examined. Study-unit Aims: The main purposes of the study-unit are: a) To examine aspects related to asset recognition and measurement, and disclosure; b) To familiarise the student with some of the more complex areas and issues in financial reporting; c) To familiarise the students with the differences between International Financial Reporting Standards (IFRS) and the General Accounting Principles for Small and Medium-Sized Entities (GAPSME) or the General Accounting Principles in respect of certain Eligible Entities related to the business of Insurance Regulations vis-脿-vis the areas covered. Learning Outcomes: 1. Knowledge & Understanding By the end of the study-unit the student will be able to: - Interpret accounting standards and provide accounting advice on complex areas of financial reporting by writing descriptive and argumentative essays and prepare supporting computations. 2. Skills By the end of the study-unit the student will be able to: - Account for financial assets and Insurance transactions; - Prepare financial reporting disclosures; - Account for advanced financial accounting transactions using Microsoft Excel. Main Text/s and any supplementary readings: Main Texts: 1. Accounting Theory, latestedition, by J.Godfrey, A.Hodgson, S.Holmes, A.Tarca鈥�- Publishers Wiley. 2. Relevant international accounting standards, namely: IAS 32 Financial Instruments: Presentation IFRS 9 Financial Instruments IFRS 7 Financial Instruments: Disclosures IFRS 2 Share-based Payment IFRS 8 Operating Segments IFRS 15 Revenue from Contracts with Customers IFRS 17 Insurance Contracts. 3. The General Accounting Principles for Small and Medium-Sized Entities (GAPSME). 4. The General Accounting Principles in respect of certain Eligible Entities related to the business of Insurance Regulations. Supplementary Texts: 1. Contemporary Issues in Accounting, latest edition, by M.Drever, P.Stanton & S.McGowan - WILEY Australia. 2. Maltese Legislation and Local and EU Publications dealing with Financial Reporting. 3. Relevant articles from international accounting journals. |
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| RULES/CONDITIONS | Before TAKING THIS UNIT YOU MUST TAKE EMA1316 AND TAKE ACC1994 AND TAKE ACC2851 AND TAKE ACC3461 AND TAKE ACC5958 | ||||||||||||
| ADDITIONAL NOTES | Pre-requisite Qualifications: Bachelor of Commerce with Accountancy Stream; or Bachelor (Hons) Accountancy and 福利在线免费 Systems. | ||||||||||||
| STUDY-UNIT TYPE | Lecture and Tutorial | ||||||||||||
| METHOD OF ASSESSMENT |
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| LECTURER/S | Jonathan Dingli |
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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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