Theoretical and Practical Issues in Financial Accounting (VS1) (U04188)

? Credit Points : 20 ? SCQF Level : 10 ? Acronym : SBE-4-TPIFA-VS1

This course is divided into three related parts: Part 1 introduces students to the elements of Financial
Accounting. It reflects how theory and practices interact in the domain of financial accounting theory and
relating them to the issues as present in the development of a conceptual framework of accounting and the
accounting standard-setting process; Part 2 covers unresolved issues in conventional financial accounting
and reporting in the areas of accounting for assets, liabilities and income determination; and Part 3 examines
emerging issues in financial accounting and reporting with special emphasis on creative accounting and
international accounting.
This course aims to advance and develop students’ appreciation of financial accounting issues from both the
theoretical and professional perspectives.

Entry Requirements

? This course is only available to part year visiting students.

? This course is a variant of the following course : U04185

? Pre-requisites : Advanced Financial Accounting (AC0017) and Auditing (AC0018).

Subject Areas

Home subject area

Accounting, (School of Business and Economics, Schedule H)

Delivery Information

? Normal year taken : 4th year

? Delivery Period : Semester 1 (Blocks 1-2)

? Contact Teaching Time : 2 hour(s) per week for 10 weeks

First Class Information

Date	Start	End	Room	Area	Additional Information
26/09/2008	16:10	18:00	Room G.01, Chrystal Macmillan Building	Central

All of the following classes

Type	Day	Start	End	Area
Lecture	Friday	16:10	18:00	Central

Summary of Intended Learning Outcomes

Students should understand and appreciate the unresolved issues in the Financial Accounting area and be
able to apply such knowledge in interpreting transactions that resulted from new business methods and
recording them in the accounts of companies. Knowledge gained from the course will enable students to
think critically and function as integral members of management decision-making teams and enable them to
make better informed decisions in their accounting careers. The various group projects and presentations
will train students to develop teamwork and soft-skill competencies.

Assessment Information

Assessment will be based upon performance in an individual essay-type assignment (60% of overall assessment with a lmit of 4000 words), a team project during the semester (30% of the overall course assessment with a limit of 4000 words) and a group presentation (10% of the overall course assessment).