The unit will ensure that students are able to examine corporate reporting from a number of perspectives, i.e. the preparer of corporate reports and from the perspective of a variety of different stakeholders
such as finance providers. On completion of the unit, students will also be proficient in the assessment and evaluation of the reporting decisions made by management and their implications for a range of stakeholders and entities. The unit also explores the professional and ethical responsibilities of the accountant to these stakeholders. The unit requires students to have a cohesive understanding of the International Accounting Standards Board’s

(IASB) Conceptual Framework for Financial Reporting and to use the Framework as a basis for judgement in applying International Financial Reporting Standards in corporate reports. While studying this unit, the Students will consider both the principles and practices of International Financial Reporting Standards (IFRS) and uses these principles as a basis for the preparation of the financial statements of single entities and groups. By reflecting on the usefulness of corporate reports to stakeholders including developments in narrative reporting such as Integrated Reporting, students will be able to discuss the nature of the information that would help various stakeholders.