2025/26 Undergraduate Module Catalogue

LUBS3290 Advanced Financial Accounting

10 creditsClass Size: 250

Module manager: Warren Maroun
Email: w.j.maroun@leeds.ac.uk

Taught: Semester 1 (Sep to Jan) View Timetable

Year running 2025/26

Pre-requisite qualifications

LUBS 1915
LUBS 2290

This module is not approved as a discovery module

Module summary

This module builds on previous levels of study in financial accounting and covers further aspects of financial accounting and reporting required of companies following the International Financial Reporting Standards (IFRS). It covers, in some depth, the technical accounting for a wide range of issues with a focus on the core principles at work including underlying theoretical or conceptual issues. This will leave you well-placed to read and apply complex accounting standards to a range of transactions and balances. By the end of this module, you should be able to analyse the majority of aspects in a set of financial statements and be able to critically assess the accounting methods adopted based on the requirements of the IFRS and the relevant academic research.

Objectives

This module aims to develop students' understanding of the theoretical underpinnings and applications of IFRS financial reporting in a UK company context.

Learning outcomes
Upon completion of this module students will be able to:

- Evaluate critically how the requirement to generate useful information for capital market participants informs accounting practice.
- Critically evaluate the purpose, form and requirements of accounting standards covering a variety of aspects of financial reporting.
- Apply principles in the IFRS to compilation and presentation of general-purpose financial statements with the assistance of commonly encountered technologies to process and synthesise underlying data.

Skills outcomes
Transferable
- Competently apply numerical and statistical skills to manipulate and interrogate financial and other numerical data using current communication and information technology
- Extract relevant information from structured scenarios and data in order to identify problems and define solutions

Subject Specific
- Apply technical knowledge to a variety of scenarios to calculate numerical results to enable further analysis and interrogation
- Structure, critically analyse, interrogate and communicate information both numerical and narrative

Syllabus

This module covers core principles in the International Financial Reporting Standards (IFRS) with a focus on different measurement bases for elements of the financial statements and their implications for the primary users of financial statements. The module is designed to prepare students for the workplace and, as a result, the application of technical requirements in the IFRS is illustrated using practical examples and the use of commonly encountered technology at accounting/consulting/assurance firms.

Teaching methods

Delivery type	Number	Length hours	Student hours
Workshop	3	2.00	6.00
e-Lecture	2	1.00	2.00
Lecture	5	2.00	10.00
Private study hours			82.00
Total Contact hours			18.00
Total hours (100hr per 10 credits)			100.00

Private study

Private study will involve reviewing lecture notes, reading, question practice, seminar preparation and exam revision.

Opportunities for Formative Feedback

There will be regular opportunities for formative feedback throughout the module, both verbal and written (handing in seminar assignments for marking).

Methods of assessment

Exams

Exam type	Exam duration	% of formal assessment
Standard exam (closed essays, MCQs etc)	2 hr 00 mins	100.00
Total percentage (Assessment Exams)		100.00

Normally resits will be assessed by the same methodology as the first attempt, unless otherwise stated

Reading list

There is no reading list for this module

Last updated: 04/02/2025

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