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  1. Recommended Text 1 item
    1. Financial accounting and reporting - Elliott, Barry, Elliott, Jamie 2012

      Book Suggested for student purchase

  2. Supplementary Resources 10 items
    1. International financial reporting and analysis - Alexander, David, Britton, Anne, Jorissen, Ann c2009

      Book  Chapters 1-3 are relevant to the seminar topic.

    2. IASB Home

      Webpage  This is the home page of the International Accounting Standards Board and is where you can find information about international accounting standards (IFRS and IAS) as well as recent inofrmation on the convergence projects.

    3. Creative accounting and the cross-eyed javelin thrower - McBarnet, Doreen., Whelan, Christopher. 1999.

      Book 

    4. Comparative international accounting - Nobes, Christopher., Parker, R. H. 2006.

      Book 

    5. GAAP 2001 : UK financial reporting and accounting - Wild, Ken., Creighton, Brian., Deloitte & Touche. 2000.

      Book 

    6. Plagiarism Diagnostic Test

      Webpage  A really useful resource that allows you to test what you think you know about plagiarism. I would recommend everyone to have a go at this test.

    7. Plagiarism Materials

      Webpage  Even if you don't have ago at the diagnostic test (above) please read the 'Learning How to Learn: Avoiding Plagiarism Study Unit'' document which can be downloaded from this site.

  3. Lecture Topic Reading List 59 items
    1. Introductory Lecture 5 items
      1. Financial accounting and reporting - Elliott, Barry, Elliott, Jamie 2012

        Book  Chapter 4

      2. FRS 18 Accounting Policies by Paul Robins ACCA Article 15 May 2007

        Webpage  A very good article which discusses the nature and role of accounting policies.

      3. Improving the communication of accounting information through cartoon graphics Author(s): Malcolm Smith, Richard Taffler

        Article  Interesting article about the communication of financial information in Accounting, Auditing and Accountability.

    2. Lectures 1 and 2 Accounting for long term tangible assets 10 items
      1. Financial accounting and reporting - Elliott, Barry, Elliott, Jamie 2012

        Book Essential Chapter 17

      2. FRS 15 Tangible Fixed Assets

        Webpage  This is the UK accounting standard for long term assets intended for continuing use within the business.

      3. IAS 16 Property, Plant and Equipment

        Webpage  International financial reporting standard for non-current assets (property, plant and equipment).

      4. Tesco Annual Report 2012

        Document Recommended Please see page 92 SFP and look at the figure of £1,290 for PPE in 2012. To see the detail of cost, depreciation and NBV you need to look at page 113 Note 11.

      5. Accounting for Property, Plant and Equipment 2010

        Article Essential A good article which covers IAS 16 and the main issues with accounting for PPE

      6. Property, Plant and Equipment and Tangible Fixed Assets by Paul Robins 30 May 2007

        Webpage  A very useful article which looks at the measurement and depreciation of non-current (fixed) assets.

      7. IAS 16 Property, Plant and Equipment - Revaluations - Conor Foley

        Article Recommended This article is relevant to L2. The article explains the accounting entries for the revaluation of PPE. Please note that OCI refers to Other Comprehensive Income and SOCI refers to the Statement of Comprehensive Income (in other words a combined Income Statement and Statement of Changes in Equity)

      8. Punch Taverns 2005 Annual Report

        Webpage  A good example of a company which uses the immaterial depreciation argument for not depreciating it's tangible fixed assets. Look at the PPE note in 'significant accounting policies'.

      9. Punch Taverns 2006 Annual Report

        Webpage  Look at the PPE note in 'significant accounting policies'. The company has now changed its policy of not depreciating its tangible fixed assets on adopting IFRS GAAP. Compare with 2005 financial statements.

    3. Lecture 3 Accounting for Intangibles 10 items
      1. Financial accounting and reporting - Elliott, Barry, Elliott, Jamie 2012

        Book Essential Chapter 19 pp459-480

      2. PwC Resource page on Intangibles and R&D

        Webpage  Useful resources, see 'what are intangibles' and 'recognition of intangibles'. Some additonal information under 'Linked publications', illustrative FS and US and IFRS GAAP differences.

      3. Tesco Plc 2007 Annual Report

        Webpage  A good example of goodwill and intangible asset disclosure. Accounting policy note p.50 and disclosure note p.50

      4. IFRS 3 Business Combinations

        Webpage  IASB Summary of the requirements of IFRS 3 Business Combinations, accounting for purchased goodwill.

      5. FRS 10 Goodwill and Intangible Assets

        Webpage  The ASB standard on accounting for goodwill.

      6. IAS 38 Intangible Assets

        Webpage  IASB summary of intangible assets.

      7. A Conceptual Study on Brand Valuation, A.Seetharaman, Zainal Azlan Bin Mohd Nadzir and S.Gunalan

        Article  An interesting article which looks at the 4 main brand valuation methods.

      8. Valuing Intellectual Property

        Article  An introduction to intellectual property, what it is, how you measure it and why you need it. Managerial Law; Volume: 48 Issue: 6; 2006 Viewpoint

      9. Accounting for Intangible Assets

        Article  A very useful article that compares all the major treatments of intangibles under IFRS, UK and US GAAP.

      10. The Drivers For Financial Reputation

        Webpage  A report on investors views of the meaning and importance of financial reputation by Ernst & Young

    4. Lecture 4 Research and Development 5 items
      1. Financial accounting and reporting - Elliott, Barry, Elliott, Jamie 2012

        Book Essential Chapter 19 pp493-529

      2. PwC Resource page on Intangibles and R&D

        Webpage  In particular see under 'Linked Solutions' 58.11 Capitalisation of internal development costs.

      3. IAS 38 Intangible Assets

        Webpage  IASB summary of intangible assets.

      4. IAS 38 Explanation from IAS Plus

        Webpage  The relevant reading for research and development is towards the end of the page.

      5. SSAP 13 Accounting for Research and Development and SSAP 9 Accounting for Stocks and Long term contracts

        Webpage  The ASB's standards on accounting for stocks and long term contracts and R&D expenditure.

    5. Lecture 5 Construction Contracts 1 item
      1. Financial accounting and reporting - Elliott, Barry, Elliott, Jamie 2012

        Book Essential Chapter 21

    6. Lecture 6 Accounting for provisions and contingent assets and liabilities 4 items
      1. Financial accounting and reporting - Elliott, Barry, Elliott, Jamie 2012

        Book Essential Chapter 13 pp318-326

      2. PwC Resource on Accounting for Provisions

        Webpage  All of the questions are useful and relevant. Some of the 'Linked Solutions' are interesting especially the 'Present obligation - Past events' and 'Constructive liability' solutions.

    7. Substance Over Form 4 items
      1. Financial accounting and reporting - Elliott, Barry, Elliott, Jamie 2012

        Book  This is the recommended textbook to buy for this module

      2. FRS 5 Accounting for the substance of transactions

        Webpage  The ASB's standard on accounting for substance over form

    8. Lectures 6 & 7 Group Accounts 1 and 2 3 items
      1. Financial accounting and reporting - Elliott, Barry, Elliott, Jamie 2012

        Book Essential Chapters 22 and 23

    9. Lecture 8 Accounting for Groups 3 2 items
      1. Financial accounting and reporting - Elliott, Barry, Elliott, Jamie 2012

        Book Essential Chapter 25

    10. Lecture 9 Group Accounts 4 3 items
      1. Financial accounting and reporting - Elliott, Barry, Elliott, Jamie 2012

        Book Essential Chapter 22 pp594-7

      2. FRS 11 Asset Impairment by Paul Robins ACCA Article 1 Feb 1999

        Webpage  Useful explanation of the UK accounting standard on asset impairment.

    11. T2 Lecture 1 Interpretation of financial statements 6 items
      Introduction to interpretation of FS
      1. Financial accounting and reporting - Elliott, Barry, Elliott, Jamie 2012

        Book Essential Chapters 28 and 29

      2. International financial reporting and analysis : a contextual emphasis - Haskins, Mark E., Ferris, Kenneth R., Selling, Thomas I. 1996.

        Book 

      3. Corporate financial reporting and analysis : text and cases - Hawkins, David F. 1998.

        Book 

      4. Financial reporting and statement analysis : a strategic perspective - Stickney, Clyde P.,, Brown, Paul R. 1999.

        Book 

      5. Accountancy: Reference Library

        Webpage  A useful web resource which gives some different ratios that might be useful for the interpretation assignment.

    12. T2 Lecture 2 Interpretation of financial statements 3 items
      Discontinued activities, segemental reporting and other reports
      1. Financial accounting and reporting - Elliott, Barry, Elliott, Jamie 2012

        Book Essential Chapter 4

      2. Reporting financial performance : a commentary on FRS 3 - Hodgson, Eddie., Coopers & Lybrand. 1992.

        Document 

      3. Reporting Performance by Neil Stein ACCA article

        Webpage  A very useful article which looks at the requirements of FRS 3 and IAS 1 with respect to the disclosure of equity and any changes (the STRGL).

    13. T2 Lecture 3 Interpretation of financial statements 1 item
      Revision of key ratios and gearing
      1. Financial accounting and reporting - Elliott, Barry, Elliott, Jamie 2012

        Book Essential Chapters 28 and 29

    14. T2 Lecture 4 Interpretation of financial statements 1 item
      Earnings per share
      1. Financial accounting and reporting - Elliott, Barry, Elliott, Jamie 2012

        Book Essential Chapter 27

    15. T2 Lecture 3 Interpretation of financial statements 1 item
      Revenue Recognition
      1. Financial accounting and reporting - Elliott, Barry, Elliott, Jamie 2012

        Book Essential Chapter 8

  4. Seminar Resources 46 items
    1. Seminar 1 Accounting Standards 12 items
      1. Financial accounting and reporting - Elliott, Barry, Elliott, Jamie 2012

        Book Essential Chapter 5, This is the minimum reading for this topic

      2. Remember Blundell's Law - John Blundell 30-06-2004

        Webpage Recommended

      3. Unshackling Accountants - David R Myddelton 2005

        Book Recommended

      4. Accountants without standards? : compulsion or evolution in company accounting - Myddelton, David Roderic,, Institute of Economic Affairs (Great Britain). 1995.

        Book 

      5. Guidelines for financial reporting standards - Solomons, David, 1997.

        Book 

      6. New creative accounting: how to make your profits what you want them to be - Griffiths, Ian 1995

        Book Optional Although this is an old book and many of the practises have now been prevented by accounting standards it is worth reading to see what companies managed to get away with. Creative accounting practises are not illegal they are ways of getting around the current standards. One of the arguments in favour of accounting standards is that they ensure comparability but do they?

      7. Creative accounting and the cross-eyed javelin thrower - McBarnet, Doreen, Whelan, Christopher 1999

        Book Optional Although this is an old book and many of the practises have now been prevented by accounting standards it is worth reading to see what companies managed to get away with. Creative accounting practises are not illegal they are ways of getting around the current standards. One of the arguments in favour of accounting standards is that they ensure comparability but do they?

      8. Accounting for growth: stripping the camouflage from company accounts - Smith, Terry 1992

        Book Optional Although this is an old book and many of the practises have now been prevented by accounting standards it is worth reading to see what companies managed to get away with. Creative accounting practises are not illegal they are ways of getting around the current standards. One of the arguments in favour of accounting standards is that they ensure comparability but do they?

    2. Seminar 2 Conceptual Frameworks 5 items
      1. Financial accounting and reporting - Elliott, Barry, Elliott, Jamie 2012

        Book Essential Chapter 10, this is the minimum required reading for this topic

      2. Harmonisation or discord? The critical role of the IASB conceptual framework review - Geoffrey Whittington

        Article  The IASB has achieved great success in extending the adoption of international financial reporting standards, but it has also encountered opposition at national and regional levels. Some of this opposition arises from differences in national accounting cultures, which are embedded in the market structures and institutional and legal frameworks within which business entities operate. These issues are particularly apparent in the debate on the IASB’s revision of its conceptual framework, which expresses its own vision of an international accounting culture. An important example is the issue of whether stewardship should be a distinct fundamental objective of financial reporting.

      3. Some Conceptual Tensions in Financial Reporting - Yuri Biondi, Jonathan Glover, Karim Jamal, James Ohlson

        Article Recommended

    3. Seminar 3 Harmonisation 8 items
      1. Financial Accounting: An International Introduction (MyiLibrary) - David Alexander, Christopher Nobes 2004

        Webpage Essential Chapters 4 and 5 are the minimum required reading for this topic

      2. Financial accounting and reporting - Elliott, Barry, Elliott, Jamie 2012

        Book Recommended Chapter 9 pages 217-233

      3. International financial reporting and analysis - Alexander, David, Britton, Anne, Jorissen, Ann c2009

        Book Optional

      4. Harmonisation or discord? The critical role of the IASB conceptual framework review - Geoffrey Whittington

        Article  The IASB has achieved great success in extending the adoption of international financial reporting standards, but it has also encountered opposition at national and regional levels. Some of this opposition arises from differences in national accounting cultures, which are embedded in the market structures and institutional and legal frameworks within which business entities operate. These issues are particularly apparent in the debate on the IASB’s revision of its conceptual framework, which expresses its own vision of an international accounting culture. An important example is the issue of whether stewardship should be a distinct fundamental objective of financial reporting. Available via Metalib

      5. Some obstacles to global financial reporting comparability and convergence at a high level of quality - Stephen Zeff

        Article  Now that we are beyond 2005, it is time to take stock of the ongoing efforts of standard setters, companies, auditors, and regulators to promote the continued improvement of worldwide financial reporting and to discuss some of the challenges and obstacles that lie ahead. The issues I would like to discuss are two: comparability and convergence.

      6. Convergence Flaws - David Reilly

        Article 

    4. Seminar 4 Corporate Social Reporting 21 items
      1. Financial accounting and reporting - Elliott, Barry, Elliott, Jamie 2012

        Book  Chapter 30 (especially pp795-804)and Chapter 32

      2. Engaging with organisations in pursuit of improved sustainability accounting and performance - Carol A. Adams Adams, Carlos Larrinaga-González Larrinaga-González

        Article 

      3. Sustainability accounting and reporting: fad or trend? - Roger Burritt, Stefan Schaltegger

        Article 

      4. The Drivers For Financial Reputation

        Webpage  A report on investors views of the meaning and importance of financial reputation by Ernst & Young

      5. Corporate reputation: disentangling the effects on financial performance

        Article  A journal article by Markus Eberl and Manfred Schwaiger which looks at the importance of corporate reputation.

      6. Directors' Business Review Report: The Transparency Controversy.

        Webpage  A journal article looking at the difference between OFR and BR and the purpose of narrative reporting.

      7. Corporate Reporting of Nonfinancial Leading Indicators of Economic Performance and Sustainability - Jeffrey Cohen, Lori Holder-Webb, Leda Nath, David Wood

        Article Recommended