ACC40090

Financial reporting is the means whereby managers provide an account of the financial performance of their company to external parties, primarily investors. Financial reporting is one of the primary means of communicating with investors and is a lynchpin of corporate governance. It is subject to legal, accounting and stock exchange regulations. This module addresses various aspects of financial reporting from the perspective of the average investor, focussing on the corporate governance mechanisms that enhance the quality of financial reports together with a detailed understanding of the content of annual reports. There are three key aspects to how information appears in financial reports: (i) accounting for transactions; (ii) presenting financial information; (iii) disclosure of information. The module has a strong applied element, including consideration of basic financial statements.