A three hour examination which will assess all learning outcomes.

This module presents and examines the following areas:
- accounting under ideal conditions
- agency theory, efficient market hypothesis and information content of financial reports
- the effects of income and price changes
- methods of income determination
- the valuation of assets
- the theory of financial disclosure and standard setting

1. CRITICALLY ANALYSE THE CHARACTERISTICS OF AN ACCOUNTING SYSTEM IN THE LIGHT OF THE VARIOUS STAKEHOLDERS
Analysis
Knowledge & Understanding
Learning
Reflection

2. CRITICALLY EVALUATE THE DIFFERING THEORETICAL METHODS OF INCOME DETERMINATION VIS-A-VIS FINANCIAL REPORTING.
Analysis
Communication
Knowledge & Understanding
Learning
Reflection

3. CRITICALLY EVALUATE THE DIFFERING METHODS OF ASSET VALUATION AND THEIR IMPACT ON FINANCIAL REPORTING.
Analysis
Knowledge & Understanding
Learning

4. CRITICALLY ANALYSE THE EFFECTIVENESS OF METHODS OF ASSET VALUATION AND OF INCOME DETERMINATION UNDER DIFFERENT ECONOMIC AND BUSINESS CONDITIONS.
Analysis
Learning
Reflection

The learning strategy for the module requires students to commit 150 learning hours (including assessment) of which there will be 36 hours of tutor support and 114 hours of independent and self directed study.
The lecture/tutorial pattern may vary with some activities taking place in medium size group workshops.

18 hours of tutor lead sessions
18 hours of student centred learning sessions

There will be sessions to introduce the core material, as well as smaller group sessions, including problem solving, discussion and workshop type activities. Students will be expected to complete the exercises and directed learning in their independent learning time.

Module study guide
The University Library and Learning Resources - books and academic journals
The module VLE
Electronic data bases
Learning support materials
Internet

FOR INTERNATIONAL COLLABORATIVE PARTNERS ONLY

Scott, W.R. (2011), Financial Accounting Theory, Prentice Hall.