Financial Accounting 2

Learning Outcomes

Knowledge and Understanding

Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:

• The role of corporate governance mechanisms and their impact on financial accounting and reporting.
• The main features of the financial reporting environment in the United Kingdom and internationally;
• Accounting principles and conceptual frameworks;
• Financial accounting and reporting theories.

Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

• Apply accounting principles and theories to current issues in financial reporting.
• Explain, apply and critically evaluate a range of accounting approaches to measuring financial position and performance;

Transferable and Generic Skills

Having successfully completed this module you will be able to:

• Solve complex problems;
• Communicate complex ideas and arguments fluently and effectively in a range of different formats to a variety of different audiences

• The role of theory in understanding financial accounting and reporting practices
• The development of financial reporting theories
• Accounting principles and conceptual frameworks
• The financial reporting and corporate governance environment in the United Kingdom
• Alternative ways of measuring financial position and performance
• Current issues in financial reporting

Teaching and learning methods

• Lectures
• Classes/seminars covering exercises/lecture/seminar materials previously distributed to students

Resources & Reading list

Textbooks

C. Deegan (2009). Financial Accounting Theory. McGraw-Hill.

D. Alexander, A. Britton & A. Jorissen. International Financial Reporting and Analysis. Cengage. (ABJ).

W. H. Beaver (1998). Financial Reporting: An Accounting Revolution. FT Prentice Hall.

B. Elliott & J. Elliott. Financial Accounting and Reporting. FT Prentice Hall.

A. Riahi-Belkaoui (2004). Accounting Theory. International Thomson.

Formative

This is how we’ll give you feedback as you are learning. It is not a formal test or exam.

Summative

This is how we’ll formally assess what you have learned in this module.

Referral

This is how we’ll assess you if you don’t meet the criteria to pass this module.

Repeat

An internal repeat is where you take all of your modules again, including any you passed. An external repeat is where you only re-take the modules you failed.

Repeat Information

Repeat type: Internal & External