ACC40170 Advanced Financial Accounting

Academic Year 2022/2023

The primary objective of this module is to develop students' technical accounting knowledge to an advanced level through a thorough immersion in issues and techniques pertaining to the preparation of accounts from the simple sole-trader situation to the preparation and presentation of consolidated financial statements under IFRS.The module is designed to ensure that a range of backgrounds in financial accounting is accommodated, building on diversity in qualifications to further develop students’ financial accounting skills in anticipation of students progressing to final stages of assessment with professional accountancy organizations, particularly Chartered Accountants Ireland and the Association of Chartered Certified Accountants.

Students must attempt all the assessment components of a module.

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Curricular information is subject to change

Learning Outcomes:

Upon completion of this module, students will have a deep understanding of, and an advanced proficiency in the techniques underlying the preparation of consolidated financial statements. They will be able to prepare the consolidated statement of profit or loss and other comprehensive income, consolidated statement of financial position (balance sheet), retained earnings column of the consolidated statement of changes in equity, and consolidated statement of cash flows for groups of companies with complex structures, incomplete or incorrect records, changing group structures and composition, and other variable factors. Students will also appreciate, without an in-depth knowledge, the regulatory framework within which group accounts are presented to stakeholders. Moreover, they will be able to articulate the strengths, limitations and appropriate circumstances for using cost or fair value, acquisition or equity accounting approaches for financial investments.

Student Effort Type Hours


Specified Learning Activities


Autonomous Student Learning




Requirements, Exclusions and Recommendations

Not applicable to this module.

Module Requisites and Incompatibles
Not applicable to this module.
Assessment Strategy  
Description Timing Open Book Exam Component Scale Must Pass Component % of Final Grade
Examination: End of term exam 3 hour End of Trimester Exam No Alternative non-linear conversion grade scale 50% No


Carry forward of passed components
Resit In Terminal Exam
Summer Yes - 3 Hour
Feedback Strategy/Strategies

• Feedback individually to students, post-assessment

How will my Feedback be Delivered?

Not yet recorded.

Name Role
Assoc Professor Mary Canning Tutor
Lecture Offering 1 Week(s) - 20, 21, 22, 23, 24, 25 Fri 11:30 - 13:20
Lecture Offering 1 Week(s) - 20, 21, 22, 23, 24, 25 Thurs 11:30 - 13:20
Lecture Offering 1 Week(s) - 20, 21, 22, 23, 24, 25 Tues 11:30 - 13:20

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