Registry
Module Specifications
Archived Version 2008 - 2009
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Module Aims | |||||||||||||||||||||||||||||
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Learning Outcomes | |||||||||||||||||||||||||||||
On successful completion of this module, students should be able to:
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Assume that a 10 credit module load represents approximately 150 hours' work, which includes all teaching, in-course assignments, laboratory work or other specialised training and an estimated private learning time associated with the module. | |||||||||||||||||||||||||||||
Indicative Syllabus | |||||||||||||||||||||||||||||
Accounting Theory: agency theory; efficient market hypothesis; economic consequences of accounting policy choice. Group Accounting: fundamentals of group accounting; accounting for subsidiaries; the consolidated balance sheet; the consolidated income statement. Specific Accounting Topics: accounting for construction contracts; accounting for leases and hire purchase; revenue recognition; accounting for borrowing costs; preparation of an operating and financial review, accounting for current taxation; accounting for foreign currencies; related party transactions. Issues Facing the Professional Accountant: corporate social responsibility, corporate governance; ethical considerations facing the professional accountant. Reporting and Assessing Financial Performance: accounting for non-current assets held for sale; accounting for discontinued operations; basic earnings per share; diluted earnings per share. Current Issues in Accounting: earnings management; Enron study. | |||||||||||||||||||||||||||||
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Indicative Reading List | |||||||||||||||||||||||||||||
Essential Elliott, B. and Elliott, J. (2007) Financial Accounting and Reporting, FT Prentice Hall, 12th edition The ISAB framework for the preparation and presentation of financial statements IFRS 3 - Business combinations
IFRS 5 - Non current assets held for sale and discontinued operations
IAS 11 - Construction Contracts
IAS 12 - Income Taxes
IAS 17 - Leases
IAS 18 - Revenue
IAS 21 - The effects of Changes in Foreign Exchange Rates
IAS 23 - Borrowing Costs
IAS 24 - Related Party Disclosures
IAS 27 - Consolidated and Separate Financial Statements
IAS 33 - Earnings Per Share
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Recommended Supplementary Reading Alexander Britton and Jorissen (2005), "International Financial Reporting and Analysis" 3rd Edition, Thomson Learning. Atrill (2005) 'Financial Management for Decision Makers' (4th Edition); Prentice-Hall. Bakan (2005) 'The Corporation: The Pathological Pursuit of Profit and Power' Robinson Publishing. Beneish, M.D. (1999). 'The Detection of Earnings Manipulation', Financial Analysts Journal, Vol. 55: 24 - 36. Cadbury Report (1992). Report of the Committee on the Financial Aspects of Corporate Governance, Gee Publishing, London. Dellaportas, Gibson, Alagiah, Hutchinson, Leung and Van Homrigh (2005) 'Ethics, Governance and Accountability' Wiley. Kim and Nofsinger (2007) 'Corporate Governance', (2nd Edition), Prentice-Hall. McNichols, M.F. (2000). 'Research Design Issues in Earnings Management Studies', Journal of Accounting and Public Policy, Vol. 19: 313 - 345 Sarbanes Oxley Act of 2002 (US). Solomon (2004) 'Corporate Governance and Accountability' (2nd Edition), Wiley. The 2003 UK Combined Code on Corporate Governance The Financial Reporting Council - The UK Approach to Corporate Governance (2006) Note: Additional reading material may be recommended as the year progresses. | |||||||||||||||||||||||||||||
Programme or List of Programmes | |||||||||||||||||||||||||||||
AF | BA in Accounting & Finance | ||||||||||||||||||||||||||||
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