ULMS Electronic Module Catalogue |
The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module. |
Title | ACCOUNTING THEORY | ||
Code | ACFI202 | ||
Coordinator |
Dr S Ahmad Finance and Accounting Sardar.Ahmad@liverpool.ac.uk |
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Year | CATS Level | Semester | CATS Value |
Session 2020-21 | Level 5 FHEQ | Second Semester | 15 |
Pre-requisites before taking this module (other modules and/or general educational/academic requirements): |
ACFI201 FINANCIAL REPORTING 1 |
Modules for which this module is a pre-requisite: |
Programme(s) (including Year of Study) to which this module is available on a required basis: |
Programme(s) (including Year of Study) to which this module is available on an optional basis: |
Teaching Schedule |
Lectures | Seminars | Tutorials | Lab Practicals | Fieldwork Placement | Other | TOTAL | |
Study Hours |
10 24 12 |
46 | |||||
Timetable (if known) |
60 mins X 1 totaling 10
120 mins X 1 totaling 24 60 mins X 1 totaling 12 |
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Private Study | 104 | ||||||
TOTAL HOURS | 150 |
Assessment |
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EXAM | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
CONTINUOUS | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
Assessment 1: Individual coursework Assessment Type: Coursework Size: 3000 Words Weighting: 100% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL penalty applies | -3000 words | 100 |
Aims |
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This module aims to increase students' knowledge of financial accounting theory and its relevance to accounting practice. |
Learning Outcomes |
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(LO1) Should possess knowledge about the role and importance of theory and its link to accounting practice. |
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(LO2) Should possess knowledge of a range of theoretical models which are useful in understanding and explaining current accounting practices and regulation. |
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(LO3) Should be aware of the literature relating to theoretical models in accounting and be able to use theory to understand and evaluate the regulatory institutions of financial reporting in the UK and other countries. |
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(LO4) Should be able to understand the regulations applied to financial reporting in the UK and other countries. |
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(LO5) Should be to able understand the incentives driving managers in their choice of accounting policies within accounting regulations. |
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(LO6) Should be able to make links between financial reporting and other aspects of accounting. |
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(LO7) Should be able to understand capital markets' reaction to accounting information. |
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(LO8) Should be able to understand and explore the critical perspectives of accounting. |
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(S1) Adaptability |
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(S2) Problem solving skills |
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(S3) Commercial awareness |
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(S4) Teamwork |
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(S5) Organisational skills |
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(S6) Communication skills |
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(S7) International awareness |
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(S8) Lifelong learning skills |
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(S9) Ethical awareness |
Teaching and Learning Strategies |
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Teaching Delivery: Mixed, hybrid delivery with social distancing on campus Teaching Method: Group Study Costs Information: This module is a pre-requisite for the following modules: |
Syllabus |
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An overview of financial accounting theory ; The financial reporting environment; Normative theories of accounting 1: The case of accounting for changing prices; Unregulated financial reporting decisions: Considerations of systems-oriented theories Extended Systems of Accounting: The incorporation of social and environmental factors within financial reporting; |
Recommended Texts |
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Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module. |