Section outline

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    Welcome Note

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    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)
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    Unit 1. Complex group financial statements

    Aim of the topic

    This unit aims to equip students with skills necessary for reporting the investments in complex forms of business combinations

    Learning outcomes

    At the end of this Unit , you will be able to:

    1. Understand the distinguishing features between basic and complex group structures based on the relationships among the entities involved;

    2. Apply the steps involved in consolidating sub-subsidiary or sub-associate, and full and partial acquisition or disposal of a subsidiary;

    3. Prepare and interpret the complex group financial statements.

    What should students do

     E-tivity 1.1. ; E-tivity 1.2. ; E-tivity 1.3. ; E-tivity 1.4. ; E-tivity 1.5.

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    Unit 2. Foreign currency transactions and operations

    Aim of the topic

    This unit aims to equip students with skills necessary for reporting the investments in entities outside the country whose operational currency economically impacts the investing company’s financial performance

    Learning outcomes of the topic

    At the end of this topic, you will be able to:

    1. Understand the concepts and rules of translation of foreign currency transactions and operations;

    2. Apply the translation of foreign currency transactions and the steps involved in consolidating a foreign operation;

    3. Prepare the financial statements including foreign currency transactions and foreign operation and discuss their impact.

    What should students do?

    E-tivity 2.1. ; E-tivity 2.2. E-tivity 2.3.

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    Unit 3. Financial instruments

    Aim of the topic

    This unit aims to equip students with skills necessary for reporting different types of financial instruments

    Learning outcomes of the topic

    At the end of this topic, you will be able to:

    1. Understand the concepts and classification of financial instruments

    2. Prepare the workings for measurement and impairment of financial instruments

    3. Report the financial instruments for entities that have such instruments as financial assets, financial liability or equity instruments

    What should students do?

    E-tivity 3.1. ; E-tivity 3.2. ; E-tivity 3.3.

    • Discussion forum_Unit3
      Students must
      Mark as done
    • Financial instruments_Notes File PDF
      Students must
      Mark as done
      962.1 KB
    • E-tivity 3.1. Assignment
      Students must
      Mark as done
    • E-tivity 3.2. Assignment
      Students must
      Mark as done
    • E-tivity 3.3. Assignment
      Students must
      Mark as done
    • Quiz 3 Huye Subgroup 1&2
      Students must
      Mark as done
    • QUIZ 2 -Gikondo Group
      Students must
      View
      Receive a grade

      Dear students,

      This quiz is designed for Gikondo Group only and so please do not attempt it if you belong to Huye Group. For Gikondo Group - Please revise the contents of the current topic "Financial Instruments" and any previous Topic before you start attempting this Quiz. All the best.

    • Assignment 3 Huye Subgroup 1&2
      Students must
      Mark as done
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    Unit 4. Performance reporting

    Aim of the topic

    This unit aims to equip students with skills necessary for reporting the company’s performance based on earnings per share, related-party transactions and impairment of assets

    Learning outcomes of the topic

    At the end of this topic, you will be able to:

    1. Understand the concepts of related-party, related party transactions, basic and diluted earnings per share, and impairment;

    2. Determine the value of impairment loss, related-party transactions, and earnings per share;

    3. Analyse, report and interpret the impact of impairment loss, related party transactions, and earnings per share on the company’s performance.

    What should students do?

    E-tivity 4.1. ; E-tivity 4.2. ; E-tivity 4.3.

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    Unit 5. Employee benefits

    Aim of the topic

    This unit aims to equip students with skills necessary for reporting and interpreting the pension plans as important post-employment benefits

    Learning outcomes of the topic

    At the end of this topic, you will be able to:

    1. Understand the conceptual nature and categories of employee benefits;

    2. Account for the defined contribution and defined benefit pension plans in the financial statements;

    3. Analyse and interpret the impact of changes in the post-employment benefits on the company’s financial performance.

    What should students do?

    E-tivity 5.1. ; E-tivity 5.2. ; E-tivity 5.3.

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    Unit 6. Share-based payments

    Aim of the topic

    This unit aims to equip students with skills necessary for reporting the share-based payment transactions in the company’s financial statements

    Learning outcomes of the topic

    At the end of this topic, you will be able to:

    1. Understand the conceptual nature of share-based payment transactions and accounting problem;

    2. Apply the rules for measurement and recognition of share-based payment transactions;

    3. Report share-based payments in the financial statements.

    What should students do?

    E-tivity 6.1. ; E-tivity 6.2. ; E-tivity 6.3.

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    Unit 7. Current trends in reporting

    Aim of the topic

    This unit aims to equip students with skills necessary for preparing the company’s integrated report

    Learning outcomes of the topic

    At the end of this topic, you will be able to:

    1. Understand the concept and need for integrated reporting compared to traditional reporting

    2. Explain the relevance of integrated reporting for sustainable value creation;

    3. Prepare, analyse, and interpret an integrated report

    What should students do?

    E-tivity 7.1. ; E-tivity 7.2. ; E-tivity 7.3.