Section outline

  • Dear Students,
    You are welcome to this Module of Advanced Financial Reporting. In this module, you will learn and apply the advanced methods and techniques that are used in producing relevant and reliable accounting information, which, in all of its aspects, responds to the requirements of the current international financial reporting framework. Thus, I encourage you to do the needful so as to equip with invaluable skills from this module that hopefully will shape your professional orientation and success
    Significant features or elements of the module
    1.  It is a practical and specialisation module for the finalist students in BSc. Accounting Programme
    2.  It is concerned with complex performance reporting of specific assets and liabilities but mostly short-term and strategic financial investments
    3.  It accounts for share based payments and post-employment benefits resulting from the employee retention policy and company’s performance
    4.  It develops the ability to exercise professional judgment and competence in applying the International Financial Reporting Standards
    5.  It expands the professional skills in corporate reporting by not only focusing on financial information but also on non-financial information (i.e integrated reporting).
    Learning outcome
    1. Understanding the concepts and classification of financial instruments, earnings per share, impairment, employee benefits, share based payments, sub-subsidiary, sub-associate, foreign currency transactions &operation, and integrated reporting;
    2. Prepare the consolidation workings i.e procedure for establishing group structure and calculation of the amounts to report in the consolidated accounts;
    3. Measure and recognise financial instruments, impairment losses, earnings per share, employee benefits, share based payments, and foreign currency transactions in the financial statements;
    4. Prepare and interpret corporate financial statements involving sub-subsidiary, sub-associate, piecemeal acquisition and disposal of subsidiary, foreign operation, financial instruments, impairment loss, employee deferred costs, and integrated report.
    Module developers
    1. Mr MPIRANYA Jean Marie Vianney (Module leader)
    2. Mr HITAYEZU Innocent (Module partner)