Undergraduate Course: Developments in Financial Accounting (ACCN10028)
Course Outline
| School | Business School |
College | College of Humanities and Social Science |
| Credit level (Normal year taken) | SCQF Level 10 (Year 4 Undergraduate) |
Availability | Available to all students |
| SCQF Credits | 20 |
ECTS Credits | 10 |
| Summary | This Senior Honours course aims to equip students with essential knowledge and skills to understand and evaluate financial accounting research. It extends the content of the Advanced Financial Accounting course in year 3. More specifically, this course elaborates on some classical and contemporary topics in financial accounting research.
It will enhance ability to critically evaluate research in quantitative accounting papers and advance intellectual competence by providing more in-depth knowledge of, and a more rigorous approach to, accounting standards and financial accounting issues. |
| Course description |
Not entered
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Information for Visiting Students
| Pre-requisites | Accountancy 1a and Accountancy 2A, Advanced Financial Accounting equivalents |
Course Delivery Information
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| Academic year 2014/15, Available to all students (SV1)
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Quota: None |
| Course Start |
Semester 1 |
Timetable |
Timetable |
| Learning and Teaching activities (Further Info) |
Total Hours:
200
(
Lecture Hours 20,
Formative Assessment Hours 2,
Revision Session Hours 2,
Programme Level Learning and Teaching Hours 4,
Directed Learning and Independent Learning Hours
172 )
|
| Assessment (Further Info) |
Written Exam
70 %,
Coursework
30 %,
Practical Exam
0 %
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| Additional Information (Assessment) |
Assessment will consist of three components:
a. In-class presentation (groupwork, 10%). Students will select an empirical research paper covered in this course to prepare a short in-class presentation (no longer than 20 minutes).
b. Assignment (groupwork, 20%). The group assignment is on critically evaluating an empirical research paper. The total number of words of the group assignment should be within 1,500 words. 5% of the groupwork mark is based on peer review.
c. Final exam (individual, 70%). The exam will last for two hours. Students will be required to attempt three out of four questions in the exam.
|
| Feedback |
Not entered |
| No Exam Information |
|
| Academic year 2014/15, Part-year visiting students only (VV1)
|
Quota: None |
| Course Start |
Semester 1 |
Timetable |
Timetable |
| Learning and Teaching activities (Further Info) |
Total Hours:
200
(
Lecture Hours 20,
Programme Level Learning and Teaching Hours 4,
Directed Learning and Independent Learning Hours
176 )
|
| Assessment (Further Info) |
Written Exam
0 %,
Coursework
100 %,
Practical Exam
0 %
|
| Additional Information (Assessment) |
Assessment will consist of three components:
a. In-class presentation (groupwork, 10%). Students will select an empirical research paper covered in this course to prepare a short in-class presentation (no longer than 20 minutes).
b. Assignment (groupwork, 20%). The group assignment is on critically evaluating an empirical research paper. The total number of words of the group assignment should be within 1,500 words. 5% of the groupwork mark is based on peer review.
c. Final exam (individual, 70%). The exam will last for two hours. Students will be required to attempt three out of four questions in the exam.
|
| Feedback |
Not entered |
| No Exam Information |
Learning Outcomes
On successfully completing the course, students will:
1. Have a good understanding of the classic financial accounting research papers building the foundations of modern financial accounting research.
2. Have a good understanding of the contemporary and contentious financial accounting topics.
3. Understand how accounting income relates to equity value and cost of capital.
4. Understand what are earnings attributes and the relation between accruals and cash flows.
5. Understand the issues around financial statement presentation, such as the presentation of comprehensive income, disclosure vs. recognition.
6. Understand accounting conservatism.
7. Understand the meaning and mechanisms of off-balance sheet items.
8. Understand positive accounting theory & how earnings are managed through accruals, real transactions and classification shifting.
9. Understand the differences between principle vs. rule based accounting standards and their relevance in the harmonisation of accounting standards.
10. Have the ability to analyse and critically evaluate a financial accounting model and a financial accounting research paper.
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Reading List
Picker, R., Leo, K., Loftus, J., Wise, V., Clark, K., & Alfredson, K. (2013). Applying International Financial Reporting Standards, 3rd Ed., Wiley, ISBN: 9780730302124
Deegan, C., & Ward, A. (2013). Financial Accounting & Reporting: An International Approach, McGrawHill Education, ISBN: 9780077121716 |
Additional Information
| Graduate Attributes and Skills |
Not entered |
| Keywords | Not entered |
Contacts
| Course organiser | Dr John Zhang
Tel: (0131 6)51 5542
Email: John.Zhang@ed.ac.uk |
Course secretary | Ms Caroline Hall
Tel: (0131 6)50 8336
Email: Caroline.Hall@ed.ac.uk |
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