Adv.Accounting Theory & Pract
Run by Bangor Business School
20 Credits or 10 ECTS Credits
Semester 1 & 2
Organiser: Prof Doris Merkl-Davies
Overall aims and purpose
If you register for this module, you cannot also register for ASB-3107 Marketing of Services or ASB-3113 Marketing Communication.
- To critically evaluate the various theories in accounting; and to understand how accounting theories can be used to explain the behaviour of preparers, users and regulators of accounting information;
- To develop knowledge and skills in understanding and applying selected accounting standards and the theoretical framework in the preparation of financial statements;
- To prepare financial statements in accordance with international accounting standards.
- Normative theories of accounting;
- Positive accounting theories;
- Behavioural accounting theories;
- Systems-oriented theories;
- Critical accounting theories;
- Conceptual frameworks for financial reporting;
- A regulatory framework for financial reporting;
- Presentation of financial statements;
- Specific issues, including financial instruments, leases, liabilities, employee benefits, share-based payments, taxation.
Conceptual issues are covered in a superficial way with only limited additional material shown beyond the lecture content but with few errors. Some detail knowledge of Accounting Standards shown.
Conceptual awareness shown beyond the basic level with evidence of greater depth of reading and development of ideas but may still show some errors or misunderstanding. Good illustration of the content of Accounting Standards combined with the theoretical insight above.
Demonstration of depth of reading and thought at the conceptual level, and detailed Accounting Standards knowledge, together with a detailed and intelligent interweaving of theory and practice.
Critically evaluate the strengths and weaknesses of various accounting theories.
Analyse the development and intellectual underpinning of rival theories that seek to explain accounting behaviour.
Discuss and apply a conceptual framework for financial reporting.
Discuss a regulatory framework for financial reporting.
Prepare an entity's financial statements in accordance with international accounting standards.
|Exam S1 2hrs||30|
|Exam S2 2hrs||30|
Teaching and Learning Strategy
One 2-hour lecture per week.
- Deegan, C. and Unerman, J. (2011). Financial Accounting Theory. European 2nd ed. McGraw-Hill.
- Rankin, M., Stanton, P., McGowan, S., Ferauto, K., and Tilling, M. (2012). Contemporary Issues in Accounting. 2nd ed. Wiley.
- Elliot, B. and Elliot, J. (2015). Financial Accounting and Reporting, 17th ed. FT Prentice Hall.
Courses including this module
Compulsory in courses:
- NN45: BA Accounting and Banking year 3 (BA/AB)
- NN36: BA Accounting and Banking with International Experience year 4 (BA/ABIE)
- N400: BA Accounting and Finance year 3 (BA/AF)
- N401: BA Accounting & Finance (with International Experience) year 4 (BA/AFIE)
- NR43: BA Accounting/Italian year 4 (BA/AIT)
- NR44: BA Accounting/Spanish year 4 (BA/ASP)
- LN14: BA Economics/Accounting year 3 (BA/ECA)
- LN15: BA Accounting & Economics (with International Experience) year 4 (BA/ECAIE)
- NR41: BA French/Accounting year 4 (BA/FRA)
- NR42: BA German/Accounting year 4 (BA/GA)
- N2N4: BA Management with Accounting year 3 (BA/MAF)
- NN44: BSc Accounting and Banking with International Experience year 4 (BSC/ABIE)
- NN43: BSc Accounting and Banking year 3 (BSC/ACCB)
- NL41: BSc Accounting and Economics year 3 (BSC/ACCEC)
- NN4H: BSc Accounting and Finance year 3 (BSC/ACCFIN)
- N402: BSc Accounting & Finance (with International Experience) year 4 (BSC/ACCFINIE)
- NL42: BSc Accounting and Economics with International Experience year 4 (BSC/AEIE)
- N2NK: BSc Management with Accounting year 3 (BSC/MWACC)
- M1N4: LLB Law with Acc and Finance year 3 (LLB/LAF)
Optional in courses:
- NQ26: BA Astudiaethau Busnes a Chymraeg year 3 (BA/ABCH)
- L114: BA Business Economics year 3 (BA/BE)
- L115: BA Business Economics (with International Experience) year 4 (BA/BEIE)
- N322: BA Banking and Finance year 3 (BA/BIF)
- NR33: BA Banking/Italian year 4 (BA/BIT)
- NN13: BA Business Studies and Finance year 3 (BA/BSF)
- NN14: BA Business Stud & Finance (with International Experience) year 4 (BA/BSFIE)
- NR34: BA Banking/Spanish year 4 (BA/BSP)
- NR31: BA French/Banking year 4 (BA/FRB)
- NR32: BA German/Banking year 4 (BA/GB)
- L190: BSc Business Economics year 3 (BSC/BEC)
- N391: BSc Banking and Finance year 3 (BSC/BFIN)
- NN1H: BSc Business Studies and Finance year 3 (BSC/BSFIN)
- L111: BSc Financial Economics year 3 (BSC/FINEC)
- N2NH: BSc Management with Banking & Fin year 3 (BSC/MWBF)