Financial Reporting and Markets

Learning Outcomes

Knowledge and Understanding

Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:

• The consequences of the incentives facing the various parties involved on the financial reporting process.
• The appropriateness of recent key developments in financial reporting practice;
• Economic consequences of financial reporting;
• The methods external users can employ in analysing financial information;
• The information needs of legitimate user groups based on an economic decision-making framework;

Transferable and Generic Skills

Having successfully completed this module you will be able to:

• Solve complex problems.
• Communicate complex ideas and arguments fluently and effectively in a range of different formats to a variety of different audiences

Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

• Identify and assess current issues in financial reporting.
• Evaluate alternative approaches to financial reporting and regulation;

Summary of content:

1. The regulation of financial reporting

2. The information perspective to financial reporting

3. Valuation relevance of financial reporting

4. Economic consequences and Positive Accounting Theory

5. Earnings management

The module comprises a series of block taught sessions which combine with student led presentations. The presentations are based on case studies and/or academic papers and are organised in groups. The structure of the lectures will provide the opportunity for feedback on a weekly basis through the use of in-lecture exercises and case studies.

Formative

This is how we’ll give you feedback as you are learning. It is not a formal test or exam.

Set exercises - non-exam

• Assessment Type: Formative
• Feedback: The following (activities) will provide the opportunity for students to get meaningful formative feedback: - In-lecture exercises and review questions/problems - In-lecture case studies discussion - Weekly in-class individual/group presentations and discussion based on selected and topic-specific academic papers - Tutor (students’) responses to students’ questions during lectures, classes, or through other means (e.g. email and Blackboard-Discussion Board)
• Final Assessment: No
• Group Work: No

Summative

This is how we’ll formally assess what you have learned in this module.

Referral

This is how we’ll assess you if you don’t meet the criteria to pass this module.

Repeat

An internal repeat is where you take all of your modules again, including any you passed. An external repeat is where you only re-take the modules you failed.