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On successful completion of the module, students should be able to:
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Prepare financial statements of companies in accordance with company law requirements;
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Apply International accounting standards, IAS1, IAS2, IAS7, IAS8, IAS10, IAS12, IAS16, IAS20, IAS23, IAS37, IAS40, IFRS 9 and IFRS 16 to relevant business transactions and prepare financial statements in compliance with these standards;
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Prepare partnership financial statements encompassing as appropriate allocation of profits, valuation of goodwill, revaluation of assets and dissolution;
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Analyse and interpret financial statements and prepare financial statements from incomplete accounting records;
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Appreciate ethical issues as they affect the accountant; and
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Understand the similarities/differences between accounting treatments under the examinable International standards and the equivalent for Irish and UK local accounting standards (FRS 100-102).
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