England

Please tell us where you live so that we can provide you with the most relevant information as you use this website.
If you are at a BFPO address please choose the country or region in which you would ordinarily be resident.
Accessibility statement
Qualification dates
StartEnd
03 Oct 2026Mar 2027
Building on knowledge gained from Intermediate financial accounting (B250), you’ll learn how to prepare consolidated financial statements of a parent company and its subsidiaries. You’ll discover why it's necessary to show income and financial position as a single economic entity and learn about various forms of taxation, including deferred tax, income tax and corporation tax. The module also explores contemporary developments in accounting, from sustainability reporting to climate-related disclosures.
Unit 1: Recap of Intermediate financial accounting (B250)
Unit 2: Revenue from contracts and lease accounting
Unit 3: Accounting for taxation and employee benefits
Unit 4: Consolidated financial statements
Unit 5: Other accounting standards
Unit 6: Financial instruments
Unit 7: Sustainability reporting
You must have successfully completed Intermediate financial accounting (B250 or BXI250) and Business law (B251 or BXI251) before you can begin B350.
You’ll get help and support from an assigned tutor throughout your module.
They’ll help by:
Online tutorials run throughout the module. While they’re not compulsory, we strongly encourage you to participate. Where possible, we’ll make recordings available.
Course work includes:
This module includes a remote exam you will take at home or another suitable location. The exam will be invigilated online by ProctorU, a service based outside the UK, with whom you must agree to additional Terms of Service to study this module. Find out more about online invigilation.
You’ll have access to a module website, which includes:
The OU strives to make all aspects of study accessible to everyone, and this Accessibility Statement outlines what studying B350 involves. You should use this information to inform your study preparations and any discussions with us about how we can meet your needs.
To find out more about what kind of support and adjustments might be available, contact us or visit our Disability support website.
Advanced financial accounting starts once a year – in October.
This page describes the module that will start in October 2026.
We expect it to start for the last time in October 2032.
Back to previous page