Advanced Financial Reporting And Theory (Module From Bsc (Hons) Accounting Programme) - School Of Professional And Continuing Education, Hku

    13,000.00 13,000.00 13000.0 USD




    Advanced Financial Reporting And Theory (Module From Bsc (Hons) Accounting Programme) - School Of Professional And Continuing Education, Hku










    42 hours




    Applicants Shall Hold: 1) An Advanced Diploma/Higher Diploma/Associate Degree In Accounting Awarded Within The Hku System Through Hku Space With A Gpa Of 2.0 Or Its Equivalent; Or 2) A Related Higher Diploma Or An Associate Degree Offered By Hku Space Or A Higher Diploma Or An Associate Degree From Other Tertiary Institutions In The Areas Of Accounting Recognised By The University Of Hull. Graduates Of The Hku Space Advanced Diploma/Higher Diploma /Associate Degree Programmes Recognised By The University Of Hull Are Considered To Have Met The English Requirement. In Other Cases, Applicants Should Have Proof Of English Proficiency By Having: I. A Grade E In The Use Of English In Hong Kong Advanced Level Examination (Hkale); Or Ii. Hong Kong Diploma Of Secondary Education (Hkdse) Examination With Minimum Score Of Overall Level 4 In English Language (With A Minimum Of Level 3 In Each Skill); Or Iii. Ielts With A Minimum Score Of Overall 6.0 (With No Subtest Less Than 5.5); Or Iv. Pearson Academic Test Of English With Minimum Of 54 Overall (With A Minimum Of 51 In Each Skill); Or V. Recognised Equivalent. Applicants With Other Equivalent Qualifications Will Be Considered On Individual Merit.


    Session 1 (5.25 Hrs) A) Introduction To Financial Accounting Theory B) The Financial Reporting Environment C) Normative Theories Of Accounting 1: The Case Of Accounting For Changing Prices And Asset Values D) Normative Theories Of Accounting 2: The Case Of Conceptual Framework Projects E) Positive Accounting Theory Session 2 (5.25 Hrs) A) Extended Systems Of Accounting: The Incorporation Of Social And Environmental Factors Within External Reporting B) Reactions Of Capital Markets To Financial Reporting C) Reactions Of Individual To Financial Reporting: An Examination Of Behavioural Research D) Critical Perspectives Of Accounting Session 3 (5.25 Hrs) A) Financial Instruments B) R&D; Goodwill; Intangible Assets And Brands Session 4 & 5 (10.5 Hrs) A) Prepare Consolidated Accounts At The Date Of Acquisition - For A Wholly Owned Subsidiary; - For A Partly Owned Subsidiary With Non-Controlling Interests, Calculating Goodwill Under The Two Options Available In Ifrs 3; - Where The Fair Value Of A Subsidiary'S Net Assets Are More Or Less Than Their Book Values; B) Explain Ifrs 10, Ifrs 3 And Ifrs 11 Provisions; C) Discuss The Usefulness Of Group Accounts To Stakeholders. Session 6 (5.25 Hrs) A) Consider Regulation Relating To Associated Companies And Joint Ventures B) Analyse Current Reporting Requirements Session 7 (5.25 Hrs) A) Account For Foreign Transactions Where Differences Arise On Actual Cash Inflows And Outflows Resulting In Realised Gains Or Losses; B) Translate The Financial Statements Of Foreign Subsidiaries Into The Parent Company'S Currency And Report Any Exchange Differences Under Other Comprehensive Income; C) Explain The Criteria When Determining 'Functional' And 'Presentation' Currency; D) Prepare Consolidated Financial Statements To Include Subsidiaries Whose Financial Statements Prepared Using Local Functional Currency Have To Be Translated Into A Different Presentation Currency On Consolidation; E) Explain The Characteristics Of A Hyperinflationary Economy And Restatement Of The Functional Currency Financial Statements. Session 8 (5.25 Hrs) A) Role Of Accounting Numbers In Defining Contractual Entitlements B) Two Main Models Of Financial Accounting C) International Accounting Standards Board (Iasb) D) Role Of Accounting Numbers In Defining Contractual Entitlements - Temptation To Manage The Numbers E) Theories To Explain Regulation F) Capture Of Accounting Standard-Setting G) Accounting Regulation As An Output Of A Political Process H) Evidence Of International Differences In Accounting I) The Effect Of Culture On Accounting Systems J) The Effect Of Religion On Accounting On Accounting Systems K) Strength Of The Accounting Profession