Advanced Financial Reporting Module Outline

UNIVERSITY OF ZIMBABWE
FACULTY OF BUSINESS MANAGEMENT SCIENCES AND ECONOMICS
DEPARTMENT OF FINANCE AND ACCOUNTING
MODULE NAME: ADVANCED CORPORATE REPORTING
MODULE CODE:
LECTURER’S DETAILS: Dr W.MATAMANDE Cell: 0775609400/0785888108
Email: [email protected]
LECTURE TIMES:
TEACHING HOURS: 60HRS (45 CONTACT: 15 INDEPENENT READING)
1 PURPOSE OF THE MODULE: This module is offered to Corporate Reporting and

Governance postgraduates’ students in the Finance and Accounting Department. This module
covers advanced financial reporting issues and accounting methods for company accounting.
Students should be able to relate professional issues to relevant concepts and practical situations.
The evaluation of alternative accounting practices and the identification and prioritization of
issues will be a key element of the course. Professional and ethical judgement will need to be
exercised, together with the integration of technical knowledge when addressing corporate
reporting issues in a business context
2 AIM OF THE MODULE: The purpose of this course is to give students a deeper knowledge
of principal and theoretical aspects that are of practical importance in financial accounting.
Students are required to undertake a research project as an assignment where students will
develop skills to research a wide variety of information sources including the topical issues as
determination of exchange rates in a VUCA environment as Zimbabwe..
3 BODY OF KNOWLEDGE: At the end of the study students should be able to

 Analyse contemporary issues in financial accounting from a theoretical and/or practical
perspective
 Critically analyse complex financial accounting issues from the perspective of theory
 Evaluate the accuracy of financial accounting
4 INTENDED LEARNING OUTPUT AND OUTCOMES
4.1 Outputs
At the end of the module, students should have acquired sufficient knowledge and skills in
advanced financial reporting.
These skills will enable students to produce the following outputs:-
 Research and provide solutions to accounting problem areas in the economy

 Model strategies for resolving topical accounting issues
4.2 Outcomes
Innovative ideas to resolve topical accounting issues
5 TEACHING AND LEARNING ACTIVITIES
The teaching strategy will include blended learning, consisting of on-line learning using eLMS
and other platforms, face to face with lecturer and self-learning. In additions, students will be
subjected to group projects and discussions. Each topic will be introduced by the lecturer to
provide information and ideas, and to raise questions and promote discussion. Thereafter,
students are expected to thoroughly research and build on the subject.
6 MODULE CONTENT
6.1. Complex Groups and Joint Arrangements
IFRS 10
Complex groups
Consolidating sub-subsidiaries
Direct holdings in sub-subsidiaries
IFRS 11 Joint arrangements
IFRS 12 Disclosure of Interests in Other Entities
6.2. Changes in Group Structures

IFRS 3
IFRS 13
Business combinations achieved in stages
6.3. Continuing and Discontinued Interests

IFRS 5 Non-current assets held for sale and discontinued operations
Classification of assets held for sale
Measurement of assets held for sale
Presenting discontinued operations
6.4. Foreign Currency Transactions and Entities

Introduction
Foreign currency translation
6.5. Current developments in Financial Reporting Standards

Financial Reporting background
 IAS 29 — Financial Reporting in Hyperinflationary Economies
 IAS 21 — The Effects of Changes in Foreign Exchange Rates
6.6. Environmental and Social Reporting

Environmental reporting
Sustainability
Social responsibility
Human resource accounting
Integrated reporting
6.7. Reporting For Specialised Entities
Specialised entities
The not-for-profit sector:
7 STUDENT ASSESSMENT AND MARK ALLOCATION
Scheduled assessment will be 50% of module work and 50% final examination. Module work
assessment will be based on group and individual written assignments, seminar presentations and
projects.
The assessment structure for the module is made up of the following broad components in the
proportions shown in the table below:
Item Weight (%)
Group Projects/Assignments 40
Individual and tests 10
Total for continuous assessment 50
Final Examination 50
Total 100
8 RECOMMENDED READING MATERIAL
Barry Elliot and Jammie Elliot Financial Accounting and Reporting 13th Edition
ACCA Approved Study Text, Paper P2 Corporate Reporting (International and United Kingdom).
CIMA F2 Advanced Financial Reporting
IFRS/IAS Statements

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UNIVERSITY OF ZIMBABWE

FACULTY OF BUSINESS MANAGEMENT SCIENCES AND ECONOMICS

DEPARTMENT OF FINANCE AND ACCOUNTING

MODULE NAME: ADVANCED CORPORATE REPORTING

LECTURER’S DETAILS: Dr W.MATAMANDE Cell: 0775609400/0785888108

TEACHING HOURS: 60HRS (45 CONTACT: 15 INDEPENENT READING)

1 PURPOSE OF THE MODULE: This module is offered to Corporate Reporting and

3 BODY OF KNOWLEDGE: At the end of the study students should be able to

4 INTENDED LEARNING OUTPUT AND OUTCOMES

These skills will enable students to produce the following outputs:-

 Research and provide solutions to accounting problem areas in the economy

Innovative ideas to resolve topical accounting issues

5 TEACHING AND LEARNING ACTIVITIES

6.2. Changes in Group Structures

6.3. Continuing and Discontinued Interests

6.4. Foreign Currency Transactions and Entities

6.5. Current developments in Financial Reporting Standards

6.6. Environmental and Social Reporting

7 STUDENT ASSESSMENT AND MARK ALLOCATION

8 RECOMMENDED READING MATERIAL

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