2015/16 Taught Postgraduate Module Catalogue

LUBS5016M Financial Reporting and Regulation

15 creditsClass Size: 200

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

Taught: Semester 2 (Jan to Jun) View Timetable

Year running 2015/16

Pre-requisite qualifications

The qualifications to gain entrance to the MSc in Accounting and Finance are sufficient.

This module is not approved as an Elective

Objectives

The module is intended to extend existing technical knowledge in financial accounting, integrating research and contemporary practice issues, to allow students to develop a critical appreciation of contemporary financial reporting and regulation. The module incorporates coverage of current issues and techniques in financial reporting under International Financial Reporting Standards (IFRS) and surveys a number of debates and issues from theoretical and practical perspectives.

Learning outcomes
On completion of the module students will be able to critically evaluate:
- contemporary issues, techniques theories and empirical research evidence in financial accounting, including strengths and limitations
- some of the implications of alternative national and cultural contexts in which financial reporting and regulation operates
- the complexity of the international financial reporting regulatory environment and the international nature of financial accounting and its economic consequences
- recent developments in the financial reporting environment
- key techniques, theories and relevant empirical research evidence in financial reporting and regulation

Skills outcomes
Transferable:
- Synthesise and communicate ideas clearly and cogently in written form
- Undertake independent research, identifying and evaluating appropriate sources


Subject Specific:
- Apply principles and techniques set out in IFRS to a variety of financial accounting issues and situations
- Demonstrate advanced analytical abilities in evaluating a range of sources relating to contemporary financial reporting practices, issues and debates
- Competently analyse, conceptualise and appraise financial reporting, financial accounting and financial regulation in a global context, including some of its limitations
- Apply critical thinking to ideas and evidence expressed in readings, identifying their strengths and limitations

Syllabus

Indicative content:
- Introduction to accounting theory
- The financial reporting regulatory environment
- The IFRS conceptual framework
- International accounting: current issues and techniques
- Empirical accounting research approaches

Teaching methods

Delivery type	Number	Length hours	Student hours
Lecture	10	1.50	15.00
Seminar	10	1.00	10.00
Private study hours			125.00
Total Contact hours			25.00
Total hours (100hr per 10 credits)			150.00

Private study

- 30 hours reading for lectures
- 40 hours preparation for seminars
- 55 hours examination revision

Opportunities for Formative Feedback

- Progress will be monitored by preparation for and contribution made to classes.
- Formative feedback will be given on individual and group contributions to classes.
- Students will have the opportunity to hand in practice assignments and receive formative feedback on them.

Methods of assessment

Exams

Exam type	Exam duration	% of formal assessment
Standard exam (closed essays, MCQs etc)	2 hr 00 mins	100.00
Total percentage (Assessment Exams)		100.00

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: 14/04/2015

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