Program Overview
The Award in Financial Reporting from the Central Mediterranean Business School empowers learners with the knowledge and skills to understand and apply financial reporting principles. The program covers topics such as preparing, analyzing, and interpreting financial statements in accordance with international accounting standards, preparing both single and consolidated financial statements, and calculating relevant financial ratios. The program culminates in an exam, individual project, and reflective journal assessment, and is designed for individuals aiming to advance their careers in the finance field.
Program Outline
Degree Overview:
The Award in Financial Reporting provides learners with the knowledge and skills to understand and apply the theoretical framework and accounting standards in the preparation, analysis and interpretation of financial statements.
Objectives:
- Understand and apply the theoretical framework and accounting standards in the preparation, analysis and interpretation of financial statements.
- Explain and critically analyse the objective of financial reporting
- Critically discuss the objective and scope of financial statements and define the elements of the financial statements (assets, liabilities, equity, Income and expenses)
- Understand and evaluate the recognition criteria for financial statements (such as assets and liabilities and income and expenses)
- Apply in depth the main elements and requirements of the conceptual framework for financial reporting
- Account for transactions which happen during the reporting period in accordance with international accounting standards
- Analyse and interpret financial information as included in the financial statements
- Describe various measurement bases and discuss the factors to be considered when selecting the measurement basis, and the advantages and disadvantages of each, namely historical cost and current value cost
- Describe the concept of reporting entities, namely
- Prepare single and consolidated financial statements in accordance with International accounting standards.
Assessment:
The Award in Financial Reporting will be assessed through an exam, an individual project and a reflective journal.
Careers:
This programme is intended for those who are aged 18+ and aspire to work or are already working in the finance field.
Other:
- Awarding Body: Central Mediterranean Business School (CMBS)
- Accrediting Body: Malta Further and Higher Education Authority (MFHEA)
- Level: Level 5 in the Malta Qualifications Framework and the European Qualifications Framework for lifelong learning.
- Delivery: Face-to-face & Work-based Learning
- Language: English
- Location: Central Mediterranean Business School, The Brewhouse, Mdina Road, Zone 2, Central Business District, Birkirkara CBD 2010, Malta
- Duration: 2 Months
- Credits: 12 ECTS/ECVET
- Full Price (EU Students): €995 (Up to €697 refunded via the Get Qualified Scheme)
