IEU525 Financial Reporting and Analysis

Code IEU525
Name Financial Reporting and Analysis
Status Compulsory/Courses of Limited Choice
Level and type Post-graduate Studies, Academic
Field of study Economics
Faculty
Academic staff Guna Ciemleja, Jūlija Bistrova
Credit points 4.0 (6.0 ECTS)
Parts 1
Annotation Financial Reporting and Analysis is focused on conceptual and regulatory framework for financial reporting that are needed to prepare qualitative reports in conformity with generally accepted accounting principles and standards. The following issues are studied in details: financial reporting conceptual and regulatory framework; analysis of financial statement elements; accounting and analysis of key accounts; analysis and interpretation of financial statements; quality of financial reporting. .
Goals and objectives
of the course in terms
of competences and skills
To develop knowledge and skills in understanding and applying accounting standards and the theoretical framework in the preparation of financial statements of entities, including groups and how to analyse and interpret those financial statements. Students should be able to: discuss and apply a conceptual and regulatory frameworks for financial reporting; account for transactions in accordance with International accounting standards; analyse and interpret financial statements; prepare and present financial statements; account for business combinations, intercorporate investments, foreign currency transactions; assess the quality of financial reporting.
Learning outcomes
and assessment
Students should be able to discuss and apply a conceptual and regulatory framework for financial reporting. - Case study analysis. Individual and group work.
Students should be able to analyse and interpret financial statements, provide recommendations for improving financial conditions of the entity. - Case study analysis. Individual and group work.
Students should be able to recognize and account for transactions accounting to the international standards. - Case study analysis. Individual and group work.
Students should be able to account for business combinations, intercorporate investments, foreign currency transactions. - Case study analysis. Individual and group work.
Students should be able to prepare financial statements in accordance with international standards. - Case study analysis. Individual and group work.
Student should be able to detect accounting malpractices, assess the quality of financial reporting. - Case study analysis. Individual and group work.
Exam. - Assignments and questions regarding theoretical topics and practical issues covered. Exam will make 50% of total evaluation. Duration of exam is 3 hours. The pass mark is 50%.
Course prerequisites Financial Accounting; Managerial accounting

[Extended course information PDF]