AFM3102: Corporate Reporting, Data and Assurance
Aims
To enable students to prepare consolidated financial statements, and extracts from single entity and group financial statements, covering a wide range of IFRS® Accounting Standards.
Students will also be required to explain the application of IFRS® Accounting Standards to specified single entity and group scenarios.
To develop students’ understanding of the critical aspects of managing an assurance engagement (including audit engagements): planning, performing, concluding and reporting.
To enable students to use their data analytic skills to interrogate the data and identify areas of concern or items which warrant further investigation.
Students will be able to understand and advise on professional and ethical issues relevant to corporate reporting, data and assurance.
Teaching methods
Teaching activities
| Category | Activity | Number | Length (HH:MM) | Student Hours (HH:MM) | Comment |
|---|---|---|---|---|---|
| Scheduled Learning And Teaching Activities | Lecture | 30 | 02:00 | 60:00 | |
| Scheduled Learning And Teaching Activities | Small group teaching | 6 | 01:00 | 06:00 | |
| Guided Independent Study | Independent Study | 117 | 01:00 | 117:00 | |
| Guided Independent Study | Assessment preparation and completion | 117 | 01:00 | 117:00 | |
| Total Hours | 300 | ||||
Teaching rationale and relationship to Learning Outcomes
Structured lecture material is used to provide the basic framework, demonstrate techniques and explain concepts and theory. Some lectures will include worked examples to develop problem-solving and technical skills which students can then practice. These are supported by small group seminars, student reading of texts and directed learning where students can practice questions to help them prepare for the final assessment.
Assessment methods
Exams
| Type | Length (mins) | Semester | When set | Percentage | Comments |
|---|---|---|---|---|---|
| Digital Examination | 180 | 2 | A | 100% | Organised in house by NUBS in BAF Assessment Period. |
Formative assessments
| Type | Semester | When set | Comments |
|---|---|---|---|
| Written Examination | 2 | M | Mock Exam 180 mins |
Assessment rationale and relationship
The only summative assessment for this module will be an end of year examination. An unseen examination provides the most satisfactory and reliable way of testing technical accounting knowledge, understanding and application. It also meets the ICAEW’s requirements for recognition.
Students will have the opportunity to gain feedback on progress through undertaking worked examples in class, for homework and in seminars.
There are no alternative assessments. Accreditation requires in-person invigilated assessments by virtue of this module forming part of the ICAEW "Golden Four" assessments. The exam must be sat using ICAEW software.