Module ASB-4419:
Advanced Fin Rep & Reg

Module Facts

Run by Bangor Business School

15 Credits or 7.5 ECTS Credits

Semester 2

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.

Course content

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.

Assessment Criteria

threshold

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

good

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

excellent

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

Learning outcomes

  1. Understand and explain the options and strategies of accounting regulators, in particular in relation to the evolution of international GAAP and the conceptual framework.

  2. Analyse the development and intellectual underpinning of key financial reporting standards.

  3. Explain the relationship between accounting information and capital markets and evaluate this relationship with reference to empirical evidence.

  4. Analyse, summarise and synthesise independently researched academic and professional studies of financial reporting and regulation.

Assessment Methods

Type Name Description Weight
Individual Essay 25
Exam 75

Teaching and Learning Strategy

Hours
 

2 hours of lectures per week.

 
 

Advanced seminars and workshops (one hour per week).

 

Courses including this module