Cardiff University - BS2516: Corporate Accounting (Solutions)

The BS2516: Corporate Reporting module focuses on the regulations and theoretical principles that guide the preparation of financial statements for limited companies. It builds on the foundational accounting techniques taught in first-year modules (BS1513 and BS1611) and connects to the advanced topics covered in the third year (BS3521). The module is tailored for specialist accounting students, aiming to provide an understanding of the structure and content of published accounts, particularly for quoted companies. Additionally, it examines the role of financial reporting in corporate governance and the legal and regulatory frameworks that influence corporate reporting practices.

The syllabus includes core topics such as the regulatory framework for corporate reporting, statutory requirements for limited companies, and compliance with accounting standards. Students study key International Financial Reporting Standards (IFRS) and explore the conceptual framework, including principles of recognition, measurement, and derecognition. Through financial statement analysis, students gain the ability to evaluate organisational performance and understand the limitations of such techniques. By the end of the module, students will be equipped to assess the roles of directors and auditors, apply accounting concepts and policies effectively, and critically analyse financial reports, preparing them for advanced studies and professional roles in accounting.