P2 Strategic Business Reporting

The outline for Strategic Business Reporting assumes knowledge acquired at the Fundamentals level, including the core technical capabilities to prepare and analyse financial reports for single and combined entities. It requires students to examine corporate reporting from a number of perspectives, not only from the point of view of the preparer of corporate reports but also from the perspective of a variety of different stakeholders, such as finance providers.

On successful completion of this module, candidates should be able to:

• Apply fundamental ethical and professional principles to ethical dilemmas and discuss the consequences of unethical behaviour.
• Evaluate the appropriateness of the financial reporting framework and critically discuss changes in accounting regulation.
• Apply professional judgement in the reporting of the financial performance of a range of entities (NOTE this can apply to single entities, groups, public sector entities and not-for-profit entities (where appropriate)
• Prepare the financial statements of groups of entities.
• Interpret financial statements for different stakeholders.
• Communicate the impact of changes and potential changes in accounting regulation of financial reporting