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2017/18 Undergraduate Module Catalogue

LUBS3630 Advanced Accounting Theory

20 creditsClass Size: 130

Module manager: Alice Shepherd
Email: A.K.Shepherd@leeds.ac.uk

Taught: Semesters 1 & 2 (Sep to Jun) View Timetable

Year running 2017/18

Pre-requisites

LUBS2290Intermediate Financial Accounting
LUBS2295Intermediate Management Accounting

Module replaces

LUBS3470 Financial Accounting Theory

This module is not approved as a discovery module

Module summary

The module is a level 3 ‘capstone’ module building on and extending knowledge of financial and management accounting developed at levels 1 and 2 and integrating research and contemporary practice issues, to allow you to develop a critical appreciation of contemporary accounting. It extends technical financial and management accounting knowledge into the arenas of contemporary practice and academic research. The module surveys a number of debates and issues from theoretical and practical perspectives. Pre-requisite modules are Intermediate Financial Accounting and Intermediate Management Accounting.

Objectives

This module aims to provide students with knowledge of key principles and debates related to financial and management accounting, the associated conceptual frameworks, key research themes and practices. It also provides an appreciation of some of the key limitations of contemporary accounting theory and practice, possible extensions and developments to the existing accounting frameworks and the international environment within which business operates.

Learning outcomes
Upon completion of this module students will be able to:
- Critically evaluate contemporary issues, theories and empirical research evidence in financial and management accounting, including strengths and limitations
- Explain the implications and relevance of the current knowledge boundaries in accounting theory
- Critically evaluate some alternative technical approaches and extensions to accounting theory and practice
- Recognise some of the implications of alternative national and cultural contexts in which accounting can be seen as operating and how accounting theory may be applied to complex multinational businesses

Skills outcomes
Upon completion of this module students will be able to:
Transferable
- Apply critical evaluation of theories, practices and empirical evidence in researching, structuring and communicating complex ideas, arguments and analysis in the form of academic essays
- Acknowledge and reference appropriate research sources, including critical evaluation of source reliability/quality

Subject Specific
- Research and evaluate theoretical, empirical and practice-based sources to explain and critically evaluate contemporary accounting issues, practices and theories


Syllabus

Indicative content:
Financial Accounting
- Accounting theory
- The reporting environment
- Regulation
- International accounting
- Accounting for changing prices
- The search for a conceptual framework
- Capital markets and financial reporting
- Extended systems of corporate accountability
- Critical perspectives of accounting

Management Accounting
- Organising for control
- Behavioural aspects of performance evaluation
- Managing profitability

Accounting for multinational corporations
- Financial reporting for groups of companies
- Management control systems

Teaching methods

Delivery typeNumberLength hoursStudent hours
Lecture221.5033.00
Seminar101.0010.00
Private study hours157.00
Total Contact hours43.00
Total hours (100hr per 10 credits)200.00

Private study

Students are required to undertake specified pre-reading and question preparation in advance of the classes based on the material introduced in the lectures. This includes some online pre-reading and formative questions. Students are also required to conduct substantial independent research on an area of current academic debate.

Opportunities for Formative Feedback

- Students will be able to monitor their progress through fortnightly seminars. Model answers and answers and marking schemes for seminar and past examination papers against which students can assess their own performance;
- Formative feedback is provided half way through the course in form of a mock exam. The results of the mock exam do not contribute to the final mark but provide the student with a benchmark for their understanding of the material covered. Solutions for the mock exam to allow students to assess their performance.

Methods of assessment


Coursework
Assessment typeNotes% of formal assessment
Literature Review.30.00
Total percentage (Assessment Coursework)30.00

Resit will be 100% by exam.


Exams
Exam typeExam duration% of formal assessment
Standard exam (closed essays, MCQs etc)2 hr 00 mins70.00
Total percentage (Assessment Exams)70.00

Resit will be 100% by exam.

Reading list

The reading list is available from the Library website

Last updated: 01/12/2017

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