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Advanced Corporate Reporting

Syllabus aim

To ensure that candidates can exercise judgement and technique in corporate reporting matters encountered by accountants and can react to current developments or new practice.

Objectives

On completion of this paper candidates should be able to:

• explain and evaluate the implications of an accounting standard or proposed accounting standard for the content of published financial information
• explain and evaluate the impact on the financial statements of business decisions
• explain the legitimacy and acceptability of an accounting practice proposed by a company
• prepare financial statements for complex business situations
• analyse financial statements and prepare a report suitable for presentation to a variety of users
• evaluate current practice in the context of the needs of users and the objectives of financial reporting
• evaluate current developments in corporate reporting in the context of their practical application, implications for corporate reporting, and the underlying conceptual issues and
• demonstrate the skills expected in Part 3.

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