BUU33532 Financial Accounting II

(5 ECTS)


David O'Donoghue         

E-mail: odonogd5@tcd.ie 
Contact Hours: By appointment (use email to arrange an online appointment)           


BUU22530 - Introduction to Accounting 
BUU33531 - Financial Accounting I (or equivalent)                 

Module Description:

This Module will cover International Accounting Standards both in terms of theoretical knowledge and practical application.

The standards proposed for study on the course are set out below; as we progress through the module this list may be subject to change.

IAS 1             Presentation of Financial Statements

IAS 2             Inventories (covered in FA1)

IAS 8             Accounting Policies, Changes in Accounting Estimates and 

IAS 16          Property, Plant and Equipment (covered in FA1)

IAS 20          Government Grants

IAS 23          Borrowing Costs

IAS 36          Impairment of Assets

IAS 38          Intangible Assets

IAS 40          Investment Property

IFRS 3          Business Combinations

IFRS 10        Consolidated Financial Statements

IFRS 16        Leases

Learning and Teaching Approach: 

This is a practical subject. Homework will be given at the end of each lecture which should be attempted by students in advance of tutorials.

Learning Outcomes:

  1. Display a sound theoretical knowledge of each of the international accounting standards studied during the year;
  2. Substantiate this theoretical knowledge of the standards by applying it to practical problems and scenarios
  3. Demonstrate an ability to account for the issues arising in the standards using the double entry accounting system.

Recommended Texts/Key Reading:

Required reading:

  • Melville (2022), International Financial Reporting, 8th edition (Pearson Education).

General Supplemental Readings:

  • Alexander et al (2023), International Financial Reporting & Analysis, 9th Edition (Cengage);
  • Elliott and Elliott (2022), Financial Accounting and Reporting, 20th Edition (Pearson);
  • Connolly (2018), International Financial Accounting and Reporting, 6th Edition (Chartered Accountants Ireland).


The assessments for this module will test critical understanding and appropriate application of topics covered in the module and will consist of a:

  • Final Examination [100%]: During the Trinity Term assessment period commencing from May 2023. Precise date, time and venue to be announced.