Singapore University of Social Sciences

Corporate Reporting, Governance and Risk (ACC498)

Applications Open: To be confirmed

Applications Close: To be confirmed

Next Available Intake: To be confirmed

Course Types: To be confirmed

Language: English

Duration: 6 months

Fees: To be confirmed

Area of Interest: Business Administration

Schemes: To be confirmed

Funding: To be confirmed


Synopsis

ACC498 Corporate Reporting, Governance and Risk examines advance topics in consolidation as well as the broader implications of accounting information for the economy and integrates concepts and knowledge covered by earlier accounting courses. The first part of this course extends the fundamentals of consolidated financial statements covered in ACC302 Advanced Financial Reporting to cover more complex group structures and changes in shareholding. The next part of the course discusses the concept of decision-usefulness in the context of accounting. It also discusses what influences organizations in their choice of what and how information are disclosed. Other topics included in the course are enterprise risk management, internal controls, ethical guidelines for professional accountants and corporate governance. Also, theoretical and empirical accounting research can impact on accounting practices, and generate a better understanding of the impact of accounting on the economy. Therefore, relevant research studies will be discussed throughout the course.

Level: 4
Credit Units: 10
Presentation Pattern: Every January

Topics

  • Consolidation: Complex groups
  • Consolidation: Changes in shareholdings
  • Consolidation: Other financial statements and control concept
  • Consolidation: An Overview
  • Disclosure requirements by statutory bodies and other disclosure requirements
  • Earnings per share
  • Efficient market hypothesis and decision usefulness
  • Positive accounting theory
  • Risk management
  • Internal controls
  • Professional ethics
  • Corporate governance

Learning Outcome

  • Prepare a set of consolidated financial statements for a group with complex structure and with changes in shareholding interests, in accordance with the relevant financial reporting standards.
  • Compute basic earnings per share and diluted earnings per share for companies with simple and complex capital structures and describe its disclosure requirements.
  • Discuss the disclosure requirements for financial reporting of the Companies Act and the Singapore Exchange as well as the Financial Reporting Standards requirements for related party disclosures and operating segments.
  • Assess the value relevance and measurement perspectives of the decision usefulness of accounting information, taking into account the implications of the efficient market hypothesis and the empirical findings of relevant capital markets research.
  • Analyse the efficient contracting theory and the stewardship role of accounting information and the motivations, applications, and implications of earnings management.
  • Formulate organisational strategies to manage risk using the Enterprise Risk Management framework.
  • Appraise the concept of corporate governance and the frameworks used in practice.
  • Evaluate the need for and the effectiveness of internal control systems.
  • Examine ethical issues relevant to professional accountants.
  • Develop the essential knowledge and interpersonal skills to work effectively in a team.
  • Demonstrate proficiency in written and verbal communication skills.
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