Postgraduate taught 

International Financial Analysis MSc

Financial Reporting and Interpretation ACCFIN5013

  • Academic Session: 2023-24
  • School: Adam Smith Business School
  • Credits: 20
  • Level: Level 5 (SCQF level 11)
  • Typically Offered: Semester 2
  • Available to Visiting 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

Excluded Courses

ACCFIN5024 -International Financial Accounting for Multinational Corporations





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. 

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.