Module Descriptors
ACCOUNTING THEORY AND PRACTICE
ACCT60125
Key Facts
School of Justice, Security and Sustainability
Level 6
15 credits
Contact
Leader: Arshad Hussain
Email: A.Hussain@staffs.ac.uk
Hours of Study
Scheduled Learning and Teaching Activities: 30
Independent Study Hours: 120
Total Learning Hours: 150
Assessment
- ASSIGNMENT weighted at 100%
Module Details
Module Indicative Content
Agency and Positive theories of financial reporting. The nature and importance of conceptual framework. Why conceptual theory proves elusive. The corporate report.
The regulatory framework. The case for and against accounting regulation. How accounting standards are developed and, in particular, the political as well as the technical pressures faced by standard setters. The nature of Macedonian and International standards setting process.
True and fair view. The history and significance of the concept. Alternative interpretations and issue of `creative accounting' will be examined. Recent developments in Corporate Governance.
Alternative valuation models. Problems caused by inflation. The concept of capital Maintenance and Income Measurement. Hick's definition of Income and Capital. Current Purchase Power Accounting Vs Current Value Accounting
Accounting for problematical financial reporting areas. Accounting for Brand Values, Intangible Assets, Off-balance Sheet Finance, Complex capital Issues, Liabilities and Provisions.
International financial reporting environment. The role of international accounting standards board, the importance of financial reporting harmonisation, the harmonisation of accounting within EU.
The regulatory framework. The case for and against accounting regulation. How accounting standards are developed and, in particular, the political as well as the technical pressures faced by standard setters. The nature of Macedonian and International standards setting process.
True and fair view. The history and significance of the concept. Alternative interpretations and issue of `creative accounting' will be examined. Recent developments in Corporate Governance.
Alternative valuation models. Problems caused by inflation. The concept of capital Maintenance and Income Measurement. Hick's definition of Income and Capital. Current Purchase Power Accounting Vs Current Value Accounting
Accounting for problematical financial reporting areas. Accounting for Brand Values, Intangible Assets, Off-balance Sheet Finance, Complex capital Issues, Liabilities and Provisions.
International financial reporting environment. The role of international accounting standards board, the importance of financial reporting harmonisation, the harmonisation of accounting within EU.
Module Learning Strategies
The learning strategy for the module requires students to commit 150 learning hours (including assessment) of this there will be 30 hours of class support and 120 hours of independent and self directed study. Support will also be given by access to Scheduled Tutor Office Hours to support the module.
The lecture/tutorial pattern may vary with some activities taking place in medium size group workshops.
12 hours of formal lectures
6 hours of formal lectures/large group activity
12 hours of tutorials
The lecture/tutorial pattern may vary with some activities taking place in medium size group workshops.
12 hours of formal lectures
6 hours of formal lectures/large group activity
12 hours of tutorials
Module Resources
The University Library and learning resources
Electronic databases such as FAME and EBSCO
Electronic databases such as FAME and EBSCO
Module Texts
Alexander D and Britton A 6th edition Financial Reporting, Thompson Publishing, ISBN: 86152-672-5
Alexander D, Britton A and Jorisson, A, 1st edition, 2003, International Financial Reporting and Analysis, Thompson Publishing, ISBN: 1-86152-880-0
Belkaoui, A, 4th edition, 2002, Accounting Theory, Thomson Publishing, ISBN: 1-86152-520-6
Elliot B and Elliot J, Financial Accounting and Reporting, Pearson Education, ISBN 13-987027370870-4
Roberts, C, Weetman P and Gordon P, 1998, International Financial Accounting - A Comparative Approach, Pitman Publishing, ISBN:0-273-62376-1
Official Gazette of Republic of Macedonia for the recent adjustments of the MAS.
MAS Guide by KPMG
Alexander D, Britton A and Jorisson, A, 1st edition, 2003, International Financial Reporting and Analysis, Thompson Publishing, ISBN: 1-86152-880-0
Belkaoui, A, 4th edition, 2002, Accounting Theory, Thomson Publishing, ISBN: 1-86152-520-6
Elliot B and Elliot J, Financial Accounting and Reporting, Pearson Education, ISBN 13-987027370870-4
Roberts, C, Weetman P and Gordon P, 1998, International Financial Accounting - A Comparative Approach, Pitman Publishing, ISBN:0-273-62376-1
Official Gazette of Republic of Macedonia for the recent adjustments of the MAS.
MAS Guide by KPMG
Module Additional Assessment Details
100% end of Semester 2,500 word assignment from a range of selected topics. (Tests Learning Outcomes 1, 2, 3 and 4