Please note: there may be some adjustments to the teaching arrangements published in the course catalogue for 2020-21. Given current circumstances related to the Covid-19 pandemic it is anticipated that some usual arrangements for teaching on campus will be modified to ensure the safety and wellbeing of students and staff on campus; further adjustments may also be necessary, or beneficial, during the course of the academic year as national requirements relating to management of the pandemic are revised.

Financial Reporting and Interpretation ACCFIN5013

  • Academic Session: 2022-23
  • School: Adam Smith Business School
  • Credits: 20
  • Level: Level 5 (SCQF level 11)
  • Typically Offered: Semester 2
  • Available to Visiting Students: No
  • Available to Erasmus Students: No

Short Description

This postgraduate course provides a theoretical basis for the description and interpretation of company financial reports.


10 2-hour lectures and 10 hours of tutorials

Requirements of Entry

Please refer to the current postgraduate prospectus at:

Excluded Courses

ACCFIN5024 -International Financial Accounting for Multinational Corporations




■ Group assignment - 3,000 words (30%)

■ Degree exam in April/May (70%)

Main Assessment In: April/May

Course Aims

The aims of this course are to enable students to understand:

■ Accounting statements;

■ The role of the International Accounting Standards Board (IASB) and its framework for accounting and;

■ The basic rules of accounting under IASB.

Intended Learning Outcomes of Course

1. Explain and evaluate the content and purpose of financial statements for companies in capital market economies in terms of the IASB Framework document;

2. Evaluate and apply accounting assumptions, identify accounting policies and demonstrate the importance of these to the preparation and usage of financial statements;

3. Apply standard approaches to critically evaluate and interpret business performance via the use of ratio analysis;

4. Discuss critically the purpose and uses of financial reports including the statement of financial position, statement of income and statement of cash flows;

5. Critically evaluate alternative approaches to accounting regulation in a global business context;

6. Communicate clearly and appropriately in-course tests, group essays and individual written examinations. 

7. Work collaboratively in a group to produce a combined output, by liaising with other class members, allocating tasks and co-ordinating group meetings.

Minimum Requirement for Award of Credits

Students must submit at least 75% by weight of the components (including examinations) of the course's summative assessment.