Module details for Advanced Financial Reporting and Analysis


This module seeks to deepen and broaden students’ ability to prepare, analyse and critically interpret financial statements. It will enable students to explore in depth, the principles and theories of international financial reporting and analysis and introduce them to recent critical debate on the sufficiency of conventional financial accounting practices.


The aim of this module is to provide students with advanced knowledge and a critical understanding of the essential principles and theories of financial reporting and analysis in the international context.

Learning Outcomes

By the end of this module the student should be able to:

1.  Critically understand the underlying principles and theories of financial reporting and analysis in the international context.

2.  Appraise validity and applicability of different techniques in financial reporting and analysis.

3.  Demonstrate extensive knowledge of the recent development of international accounting and reporting standards and practices.

Indicative Content

1 Financial reporting standards

This will explain relevant financial reporting standards for revenue, leases, financial instruments, intangible assets and provisions. It also explains relevant financial reporting standards for the key areas of group accounts.

2 Group accounts

Prepare group accounts based on international financial reporting standards, covering consolidated statement of financial position, consolidated statement of comprehensive income and consolidated statement of changes in equity. Discuss disclosure requirements related to transactions between related parties.

3 Integrated reporting

Discuss the international IR framework activities by describing the role of international integrated reporting council and explaining integrated thinking.

4 Analysing financial statements

This will analyse financial statements of organisations to provide insight on performance, position, adaptability and prospects. Discuss the limitation of the tools (data limitations and limitations of ratio analysis) used for interpreting financial statements.

Teaching and Learning Work Loads

Teaching and Learning Method Hours
Lecture 14
Tutorial/Seminar 28
Practical Activity 0
Assessment 60
Independent 98
Total 200

Guidance notes

SCQF Level - The Scottish Credit and Qualifications Framework provides an indication of the complexity of award qualifications and associated learning and operates on an ascending numeric scale from Levels 1-12 with SCQF Level 10 equating to a Scottish undergraduate Honours degree.

Credit Value – The total value of SCQF credits for the module. 20 credits are the equivalent of 10 ECTS credits. A full-time student should normally register for 60 SCQF credits per semester.


We make every effort to ensure that the information on our website is accurate but it is possible that some changes may occur prior to the academic year of entry. The modules listed in this catalogue are offered subject to availability during academic year 2021/22 , and may be subject to change for future years.