INTERNATIONAL FINANCIAL REPORTING - 2017/8

Module code: MANM201

Module provider

Surrey Business School

Module Leader

MILLIGAN V Mrs (SBS)

Number of Credits

15

ECT Credits

7.5

Framework

FHEQ Level 7

JACs code

N300

Module cap (Maximum number of students)

N/A

Module Availability

Semester 2

Overall student workload

Independent Study Hours: 117

Lecture Hours: 22

Tutorial Hours: 11

Assessment pattern

Assessment type Unit of assessment Weighting
School-timetabled exam/test CLASS TEST (50 MINS CLOSED BOOK) 30%
Examination 2 HOURS EXAMINATION (CLOSED BOOK) 70%

Alternative Assessment

Not applicable

Prerequisites / Co-requisites

MANM198 (Principles of Accounting) is a pre-requisite for this module

Module overview

This module provides an opportunity for students to appreciate and apply the rules and practices in company financial reporting, as well as the theoretical ideas underpinning them. The focus is on internationally accepted rules and practices (International Financial Reporting Standards and International Accounting Standards), rather than just those in the UK.

Module aims

To provide a course in International Financial Reporting consistent with global accounting standards' requirement and practices.

Learning outcomes

Attributes Developed
Apply International Financial Reporting Standards in the preparation of the annual reports of listed companies.
Appreciate the role of international financial reporting in the context of international capital markets.
Discuss proposed accounting treatments in the context of applicable international accounting standards.
Appreciate and apply the links between company law and financial reporting requirements in an international context.
Be aware of current developments in international financial reporting.

Attributes Developed

C - Cognitive/analytical

K - Subject knowledge

T - Transferable skills

P - Professional/Practical skills

Module content


Capital structure
Investors and listed companies
Financial statements
International financial reporting standards
Consolidated financial statements

Methods of Teaching / Learning

The teaching and learning strategy is designed to provide a module that contains many of the advanced elements of International Financial Reporting. Students will be guided to appreciate and apply the theoretical aspect as well as the practical relevance of the module and for that purpose, students will be exposed to various international accounting standards and industry practices where necessary.

The teaching and learning include:


1 hour weekly lecture and 2 hour weekly tutorial culminating to 3 hours contact time per week
Surrey-learn will be used as an information portal and will contain lecture notes, practical exercises, solutions to practical exercises, past exam papers and class tests. In addition, students are encouraged to participate in discussions on Surrey-learn to enhance their learning experiences.

Assessment Strategy

The assessment strategy is to provide students with the opportunity to demonstrate the knowledge accumulated on the various International Reporting Standards and how companies apply these standards to their Financial Statements.

Summative assessment for this module consists of:


A mid-term closed-book class test which carries 30% of the total mark of this module. The test is in week 6 of the semester and covers syllabus covered from week 1 to 5.
A closed-book examination based on the entire module content, carrying 70% of the total module marks.


Formative assessment and feedback

Students’ appreciation of the module will be assessed on an on-going basis through the weekly homework set and discussed in tutorials. Constant feedback is given, especially through the tutorial questions as well as the Surrey-learn discussions to ensure that students cultivate the abilities of application and analysis. Elements of self-assessment are also built into the tutorial questions. Students should attempt all the sample exam/test papers set on Surrey-learn and check against the answers provided to take ownership of their studies. Students also have the opportunity to see tutor during office hours to discuss/obtain feedback on questions.

Reading list

Reading list for INTERNATIONAL FINANCIAL REPORTING : http://aspire.surrey.ac.uk/modules/manm201

Please note that the information detailed within this record is accurate at the time of publishing and may be subject to change. This record contains information for the most up to date version of the programme / module for the 2017/8 academic year.