By the end of the module, students should have developed an awareness of the literature relating to financial reporting theory; the problematic nature of accounting measurements and disclosures; corporate disclosure regulation; the market valuation implications of financial reporting; issues concerned with the reporting of assets/liabilities and the potential role of accounting information in social reporting and distribution of income. The utility of financial statements for markets, management and other stakeholders will be critically evaluated.
Module Aims
This module aims to help students achieve and demonstrate a critical understanding of major current issues in financial accounting and reporting.
Learning Outcomes
On successful completion of the module, students will be able to:
* Explain the reasons for competing perspectives on the role and nature of financial accounting and reporting.
* Appreciate the significance of accounting in shaping social relations.
* Appreciate the usefulness and limitation of theories informing financial reporting practice and research.
* Assess the usefulness and limitations of empirical studies which attempt to determine the factors which influence accounting policy choice.
* Explain the nature of and need for the regulation of accounting information.
* Evaluate the usefulness of accounting and financial information to a variety of stakeholders and society generally
Skills for Your Professional Life (Transferable Skills)
* Improve your written communication skills by writing essays.
* Improve your oral communication skills by engaging in class discussions and delivering oral presentations.
* Improve teamwork collaboration by preparing class presentations.
- Module Supervisor: Hao Lan