SHEM007 Финансово отчитане и анализ
Анотация:
Accounting information is a critical instrument in presenting a corporation's financial picture to external and internal groups or users for the sole purpose of enhancing the decision making process. The unit explains the construction of accounting information in accordance with International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS), and thereafter within each section, the analysis and interpretation. It thereby encourages a critical rather than automatic acceptance of the underlying assumptions behind accounting linking
theory with practical examples.
This unit aims to translate the Financial Statements of a company into a core comprehension of the company’s performance and financial position, both present & future. To achieve this overall goal, several other aims need first be met. These are represented below in the form of Learning Outcomes.
Преподавател(и):
гл. ас. Ралица Димитрова д-р
Описание на курса:
Компетенции:
Students who complete this course:
1) will know:
• Have core user knowledge of the implementation methodology of mainframe IFRS.
• Understand and critically evaluate the various accounting bases & policies
• Comprehend the need for business ethics and accountability by the persons responsible for a set of FS.
2) will be able to:
• Critically evaluate the effect that IFRS have on companies.
• Perform a critical evaluation of a company’s profitability and financial position.
• Apply his/her knowledge and understanding to basic key issues regarding Group Accounts.
Предварителни изисквания:
Students are required to have the following knowledge and/or skills:
• Finance
• Accounting
Форми на провеждане:
Редовен
Учебни форми:
Лекция
Език, на който се води курса:
Английски
Теми, които се разглеждат в курса:
- Evolution of International Standards • Measurement Bases: Cash Flow, Accrual, Economists • Format of Standardised Financial Statements
- Income Statement (reporting and analysis of): • Profit before Tax & items requiring separate disclosure • Extraordinary Items • Taxation & Deferred Tax
- Income Statement (reporting and analysis of) cont: • Discontinued Operations • Change in Accounting Policy & Fundamental Errors • Related Parties
- Balance Sheet - Liabilities and Assets (reporting and analysis of): • Equity: -Share capital, capital maintenance and distributable profits -Reduction of share capital • Loan Capital, Leasing and Off Balance Sheet Finance • Financial Instruments • Creditors, Provisions & Contingencies • Bank Loans & Overdrafts
- Balance Sheet - Liabilities and Assets (reporting and analysis of) cont: • Property, Plant & Equipment • Investments • Goodwill, Intangible Assets & Brands • Research & Development Costs
- Balance Sheet - Liabilities and Assets (reporting and analysis of) cont: • Inventories • Debtors • Current Investments & Cash at bank
- Cases
- Midterm exam
- Group Accounts
- Disclosure requirements and analysis/interpretation of: • Segment Reporting • Earnings per share • Cash Flow Statements • Contingencies and Events Occurring after Balance Sheet Date • Interim Reports
- Operating & Financial Reviews • Financial Ratio Analysis • Trend Analysis and Multivariate Analysis • Financial Reporting on the Internet • Inflation Accounting
- Accountability: • Chairman’s Statement & Directors’ Report • Corporate Governance & Auditors’ Report • Environmental & Social Reporting • Ethics for Accountants
- Revision
- Exam
Литература по темите:
Elliott,and Elliott, (2015) Financial Accounting and Reporting. 17th edition. Financial Times Prentice Hall
Holmes, G. et al. (2008) Interpreting Company Reports and Accounts. 10th edition. Financial Times Prentice Hall.
Dick, W. & Missonier-Piera, F. (2010) Financial Reporting under IFRS: A topic Based Approach. 1st Edition. Europe, Wiley.
Schoenebeck, K. and Holtzman, M. (2012) Interpreting and Analysing Financial Statements. 6th edition. London, Pearson.
Webley,S and More, E. (April 2003) Does Business Ethics Pay? – Ethics and Financial Performance. London, Institute of Business Ethics.