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The University of Southampton

MANG6223 Financial Reporting and Markets

Module Overview

The aim of the module is to provide students with a critical understanding of the broader consequences of financial reporting and regulatory aspects. This process requires an understanding of why financial reporting information is demanded, the decisions managers must make in its supply and how it is employed by users.

Aims and Objectives

Learning Outcomes

Knowledge and Understanding

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

  • the information needs of legitimate user groups based on an economic decision making framework;
  • the methods external users can employ in analysing financial information;
  • economic consequences of financial reporting;
  • the appropriateness of recent key developments in financial reporting practice;
  • the consequences of the incentives facing the various parties involved on the financial reporting process.
Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

  • evaluate alternative approaches to financial reporting and regulation;
  • identify and assess the various factors underlying recent failures in financial reporting.
Transferable and Generic Skills

Having successfully completed this module you will be able to:

  • team work;
  • planning;
  • problem solve;
  • written communication;
  • self-management.


Summary of content: 1. The regulation of financial reporting 2. The information perspective to financial reporting 3. Valuation relevance of financial reporting 4. Economic consequences and Positive Accounting Theory 5. Earnings management

Learning and Teaching

Teaching and learning methods

The module comprises a series of block taught sessions which combine with student led presentations. The presentations are based on case studies and/or academic papers and are organised in groups. The structure of the lectures will provide the opportunity for feedback on a weekly basis through the use of in-lecture exercises and case studies.

Independent Study126
Total study time150

Resources & Reading list

Scott, W. R (2014). Financial Accounting Theory. 

Bill Rees (1995). Financial Analysis. 

C. W. Mulford, and E. E. Comiskey (2005). The Financial Numbers Game: Detecting Creative Accounting Practices. 

Craig Deegan and Jeffrey Unerman (2011). Financial Accounting Theory. 

R. L. Watts and J. L. Zimmerman (1986). Positive Accounting Theory. 



Set exercises - non-exam


MethodPercentage contribution
Assignment  (2000 words) 20%
Examination  (2 hours) 80%


MethodPercentage contribution
Assignment  (2000 words) 20%
Examination  (2 hours) 80%


MethodPercentage contribution
Examination  (2 hours) 100%

Repeat Information

Repeat type: Internal & External

Linked modules


To study this module, you will need to also study the following module(s):

MANG6030Financial Accounting 1


Costs associated with this module

Students are responsible for meeting the cost of essential textbooks, and of producing such essays, assignments, laboratory reports and dissertations as are required to fulfil the academic requirements for each programme of study.

In addition to this, students registered for this module typically also have to pay for:


Recommended texts for this module may be available in limited supply in the University Library and students may wish to purchase the mandatory/additional reading text as appropriate.

Please also ensure you read the section on additional costs in the University’s Fees, Charges and Expenses Regulations in the University Calendar available at

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