42496 - Financial Reporting

Learning outcomes

At the end of the course the student is able to record the most frequent transactions under generally accepted accounting principles and draw up financial statements. The course also aims at reinforcing students’ understanding of the principles and usefulness of mandatory financial disclosures.

Course contents

Double entry book keeping

Recording of transactions

Financial statements (Balance sheet, Income Statement, Statement of Changes in Equity, Cash flow statement)

Accounting conceptual framework

Mandatory financial disclosures

International Accounting Standards

Practice material and exercises and multiple choice questions

 

Readings/Bibliography

Salim Alibhai et al., (2021), Interpretation and application of IFRS Standards, Wiley.

Marshall, McManus and Viele, (2022), Accounting. What the numbers mean, 13th Edition, McGraw-Hill International Edition.

Teaching methods

Face to face, in class in English

Use of online resources and tools 

Group work and emphasis on in class engagement and collaboration

Feedback provided after each task is completed

Assessment methods

There is only one final test, which is written (paper based)

Bring the calculator in classs

Rember to enrol on Almaesami to sit at the final exam.

 

The final mark is computed is expressed out of 30 points according to the following scheme:

• <18, fail;
• 18-23, sufficient;
• 24-27, good;
• 28-30, very good;
• 30 with laude, excellent.

Teaching tools

Teaching tools such as interactive case studies, simulations and games, group work are used. There are combined with lectures, interactive discussions, and problem-solving exercises to build foundational knowledge and practical skills. Case studies and group projects encourage critical thinking and teamwork.

Office hours

See the website of Epameinondas Katsikas