• ACCT3003
  • Advanced Financial Reporting

  • Credits (ECTS): 10
  • Accounting and Finance

Modules are delivered
as part of a programme.
To apply for the
see the DIT website

Module Description

This module consolidates and advances the understanding acquired in the previous years. It addresses the more complex international accounting standards, advanced aspects of accounting for business combinations and current developments in corporate reporting.

Indicative Syllabus

International Financial Reporting Standards
1.Earnings per Share including fully diluted earnings per share.
2.Deferred Taxation
3.Financial Instruments
5.Construction contracts
6.Related party transactions
Advanced Consolidated Accounts
1.Regulatory requirements
2.Consolidated financial statements including intercompany transactions and fair value adjustments
3.Accounting for associates and joint arrangements
Advanced Financial Analysis
1.Analysis of financial statements, including international financial statements analysis and anaylsis of financial statements of not for profit organisations
2.Interpretation of current value financial statements
3.Preparation of reports for various user groups
4.Weakness and limitation of financial statements and analysis
Developments in Corporate Reporting
1.Environmental and social accounting issues.
2.Human resource accounting.
3.Major differences between International GAAP,and US GAAP and the influence of different cultures on financial reporting
4.Accounting for SMES
5.Emerging issues in corporate reporting
Not for profit and public sector entities
1.Distinguish between aims of not for profit and public sector entities and those of profit oriented entities
2.Relevance of IFRS to the not for profit and public sector entities
Other Business Statements/Reports
1.Directors' reports
2.Interim reports and preliminary announcements.

Total Contact Teaching Hours:72

Pre-requisite Modules

Title Code
Management Science MGMT2013

Please note that the catalogue is provided as a guide to modules in DIT. Not all modules listed will necessarily be offered every year and new modules may also be added. Information subject to change. For detail on specific programmes/modules please contact the relevant School directly.