Advanced Fin Rep & Reg
Run by Bangor Business School
15 Credits or 7.5 ECTS Credits
Organiser: Prof Aziz Jaafar
Overall aims and purpose
To enhance students' understanding of advanced topics in financial reporting and regulation within the context of International Accounting Standards and GAAP, to assess the impact of accounting theory and regulation in resolving key reporting issues, and to examine the importance of relevant academic research to the area.
Convergence in International Financial Reporting and Regulation; Conceptual Framework; Regulatory environment of financial reporting; Accounting for Financial Instruments; Accounting for intangible assets; Accounting for Foreign Operations; Financial reporting issues and capital markets.
Work demonstrating an adequate attempt at acquiring and applying knowledge.
Content: 1. Partial identification of the issues; 2. Adequate understanding and use of appropriate conceptual frameworks, experience and facts; some errors; 3. Some evidence of consulting source material; 4. No originality; 5. Insufficient relevance.
Structure 1. Links parts together, but lacks a coherent structure 2. Clear, but limited, objectives 3. Does not always reach a conclusion 4. Weakened by inappropriate or inaccurate use of language
Work demonstrating high level of analytical and applied competence on a broad range of factors. Free of major errors.
Content: 1. Clear identification of the issues; 2. High standard of critical analysis using appropriate conceptual frameworks and/or applying relevant experience and facts; 3. Good evaluation and synthesis of source material; 4. Shows some fresh thinking and originality; 5. Substantially relevant.
Structure 1. Clearly structured and logically developed 2. Clear, relevant and attainable objectives 3. Relevant conclusions 4. Supported by an appropriate range and use of language
Work of excellent quality in every respect. Focused and comprehensive, with critical depth and insight. Representing a model answer at the top end of the range.
Content: 1. Concise and comprehensive identification of the issues; 2. Excellent standard of critical analysis using appropriate conceptual frameworks and/or applying relevant experience and facts; 3. Comprehensive and excellent use, evaluation and synthesis of source material; 4. Shows fresh thinking and originality; 5. Wholly relevant.
Structure 1. Well structured and logically developed 2. Exceptionally clear, relevant and attainable objectives 3. Clearly spelled out and relevant conclusions 4. Supported by a good range and appropriate use of language
Understand and explain the options and strategies of accounting regulators, in particular in relation to the evolution of international GAAP and the conceptual framework.
Analyse the development and intellectual underpinning of key financial reporting standards.
Explain the relationship between accounting information and capital markets and evaluate this relationship with reference to empirical evidence.
Analyse, summarise and synthesise independently researched academic and professional studies of financial reporting and regulation.
Teaching and Learning Strategy
2 hours of lectures per week.
Advanced seminars and workshops (one hour per week).
Courses including this module
Compulsory in courses:
- N4AK: MSc Accounting and Banking year 1 (MSC/ACB)
- N4AJ: MSc Accounting year 1 (MSC/ACC)
- N4AM: MSc Accounting (with Incorporated Pre-Masters) year 1 (MSC/ACC1)
- N4AP: MSc Accounting and Finance (with Incorporated Pre-Masters) year 1 (MSC/ACCF1)
- N4AG: MSc Accounting and Finance year 1 (MSC/ACCFIN)