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2013/14 Undergraduate Module Catalogue

LUBS3470 Financial Accounting Theory

10 creditsClass Size: 100

Module manager: Alice Shepherd
Email: a.k.shepherd@leeds.ac.uk

Taught: Semester 2 (Jan to Jun) View Timetable

Year running 2013/14

Pre-requisite qualifications

LUBS1235 Introductory Financial Accounting
AND
LUBS1245 Introductory Management Accounting
OR
LUBS1915 Introduction to Financial Accounting AND
LUBS1925 Introduction to Management Accounting
OR
LUBS2235 Introduction to Financial Accounting
AND
LUBS2245 Introduction to Management Accounting
OR
LUBS1230 Financial Accounting for Managers
AND
LUBS1250 Management Accounting for Managers

This module is approved as an Elective

Module summary

The module aims to provide an understanding of how financial accounting practice has evolved, how accounting methods can be developed for particular problems and how accounting standard setting bodies can judge the appropriateness of various accounting methods.

Objectives

On completion of this module, students will be able to:
- prepare IFRS statements; identify major elements in conceptual framework;
- understand theories in accounting, economic and political consequences;
- international and social issues.

Learning outcomes
Technical, analytical, research skills.

Syllabus

Financial accounting theory, regulation of financial accounting, international accounting, changing prices and asset values, the conceptual framework project, positive accounting theory, social and environmental reporting, the usefulness of financial reporting, critical perspectives of accounting.

Teaching methods

Delivery type	Number	Length hours	Student hours
Lecture	10	1.00	10.00
Seminar	9	1.00	9.00
Independent online learning hours			20.00
Private study hours			61.00
Total Contact hours			19.00
Total hours (100hr per 10 credits)			100.00

Private study

- Students are given details of the IASB website and various accounting web sites to gain a wider perspective.
- The private study represents understanding the material and preparing for the workshops by working through the workshop topics.

Opportunities for Formative Feedback

Informal:
1. a non-assessed mid semester on line MCQ test will provide students with feedback on their initial understanding of the basic accounting concepts.
2. Formative feedback will also be provided on individual and group contributions to workshop discussions where answers to practice exam and coursework questions will also be discussed.

Methods of assessment

Coursework

Assessment type	Notes	% of formal assessment
Assignment	1,200 words	30.00
Total percentage (Assessment Coursework)		30.00

Normally resits will be assessed by the same methodology as the first attempt, unless otherwise stated

Exams

Exam type	Exam duration	% of formal assessment
Standard exam (closed essays, MCQs etc)	1 hr 30 mins	70.00
Total percentage (Assessment Exams)		70.00

Normally resits will be assessed by the same methodology as the first attempt, unless otherwise stated

Reading list

The reading list is available from the Library website

Last updated: 31/03/2014

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