|
On successful completion of the module, students should be able to:
-
Prepare partnership financial statements encompassing as appropriate allocation of profits and preparation of partners current and capital accounts;
-
Analyse and interpret financial statements and prepare financial statements from incomplete accounting records;
-
Appreciate ethical issues as they affect the accountant;
-
Prepare financial statements of companies in accordance with company law requirements;
-
Competently prepare the financial statements for individual companies and group companies to include subsidiaries and other practical accounting issues;
-
Apply International Financial Reporting Standards (which includes; Conceptual Framework for Financial Reporting; IAS1, IAS2, IAS7, IAS8, IAS10, IAS12, IAS16, IAS20, IAS23, IAS37, IAS40, IFRS 9 and IFRS 16), to relevant business transactions and prepare financial statements (individual and group) in compliance with these standards; and
-
Understand the similarities/differences between accounting treatments under the examinable IFRS and the equivalent for Irish and UK local accounting standards (FRS 100-102).
|