Course info

COURSE OBJECTIVES

Having successfully completed the module, students should be able to:

• Define and explain the importance of corporate   reporting to various stakeholders
• Know how to use corporate reporting
• Describe corporate social responsibility in relation   to accounting and reporting.
• To differentiate between social accounting, social   auditing  and financial reporting
• Communicate information having foundation of segment and interim  reporting and international norms content   accurately and effectively.
• Understand the concepts of segmental and interim reporting
• Analyze the financial position and operating performance of a company
• Explain key steps to effective narrative reporting
• Understand company’s internal and external governance mechanisms
• Report for discontinued operations

 COURSE OVERVIEW

The course aims to bring a thorough understanding that corporate reporting has gained in today’s business and commercial transactions. Investors and creditors use many different kinds of information before supplying capital to business enterprises. The information is used to assess the future risk and return of their potential investment in the enterprise. You might think about corporate reporting as a special language to communicate financial information about a business to those who wish to use information to make decisions. It is a comprehensive report intended to give information to shareholders and other interested people about a company's activities and financial performance throughout the preceding year. Corporate reporting refers to the presentation and disclosure aspects of reporting and includes financial reporting, integrated reporting, corporate governance, corporate responsibility, narrative reporting etc.

The collapse of Enron Corporation in 2001 and other high profile accounting failure made immensely clear the importance of reporting reliable financial information. We use the term corporate reporting to refer to the process of providing financial information to external users. External uses receive important financial information in a variety of other formats as well, including news released and management forecast, prospectus, report field with regulatory agencies etc.  This course will introduce students to the corporate reporting environment by discussing such topics as meaning of corporate reporting (framework of financial reporting), segment reporting, interim reporting, environment and social reporting, narrative reporting as well as corporate governance reporting.  What is corporate reporting? What are the objectives of corporate reporting? How to prepare a segment and interim reports, how to prepare social responsibility account and reporting. What is the importance of narrative reporting? What are the forms of governance mechanisms pertained to the company?

COURSE OUTLINES

This course unity is structured under five chapters titled as follows:

Chapter I Introduction to corporate reporting

Chapter II Social accounting, auditing and reporting

Chapter III Segment reporting  

Chapter IV Interim reporting 

Chapter V Financial statement analysis

Chapter VI Reporting for discontinued operation

 WORKING THROUGH THIS COURSE

This course, corporate reporting expects you to do a lot of reading and practicing, in order to cover the materials in the course material. This means that you should devote much time to this course by reading through this material and getting more information from numerous texts and journals. These abound in every library and from the internet. The course material has been made easy to read and user-friendly. You will need to work in groups with other students in order to discuss, compare notes and thoughts as well as to exchange and share ideas.

 TEACHING STRATEGIES AND METHODOLOGY 

The lectures will include discussion, both group and individual based. Meetings will be held every day from Monday to Sunday. The lecturer will only be absent due to unavailable circumstances and all efforts will be made to communicate before the meeting, students are advised to use this time for reading, and preparing the next lectures. Lectures will be conducted using zoom and videos will be uploaded on the moodle to facilitates revisions. For the practical with the help of Zoom Excel sheet will be used while solving some problems in group accounts, preparation of financial statement and investment I public sector.

The interaction throughout the module will be done using charts and forum. 

The final day of the meeting will be used for general revision of the course; this revision will be done by the help of the course leader during the allocated time.

ASSESSMENT STRATEGIES 

Assessment will be also part of this online teaching and learning process. Some evaluations will be done online like quiz and individual assignment while 1 invigilated CAT, 4 assignments and final exam at Campus. This may be compiled as follows:

ASSESSMENT
CONTINUOUS ASSESSMENT TESTS (60%)	FINAL EXAM (40%)
Group Assignment (20%)	On campus invigilated final exam (40%)
Individual assignment (10%)
Quiz (10%)
Invigilated CAT (20%)