Global Opportunities

ACC3023 : Accounting Theory

Semester 1 Credit Value: 10
ECTS Credits: 5.0


The module will allow students to

1.       Apply the requirements of international financial reporting standards to single company and consolidated financial statements.

2.       Describe the main features of the UK Corporate Governance Code.

3.       Identify ethical threats and create appropriate safeguards to mitigate those threats.

4.       Prepare financial statements for single and group companies.

7.       Critically evaluate the culture of an organisation in the quality of corporate governance.

8.       Critically evaluate ethical issues within a scenario and conclude their impact on the organisation, selecting appropriate safeguards where threats are determined.

Outline Of Syllabus

The conceptual framework
The regulation of financial accounting
The need for Corporate Governance
Ethical considerations
Critical perspectives on accounting
Consolidation and Group Accounting with inter-company trading, fair value adjustments, Associates and Joint Ventures

Teaching Methods

Teaching Activities
Category Activity Number Length Student Hours Comment
Scheduled Learning And Teaching ActivitiesLecture72:0014:007 PiP lecture in Semester 1
Guided Independent StudyAssessment preparation and completion130:0030:00N/A
Guided Independent StudyDirected research and reading124:0024:00N/A
Scheduled Learning And Teaching ActivitiesWorkshops31:003:003 PiP seminars in Semester 1
Guided Independent StudyIndependent study129:0029:00N/A
Jointly Taught With
Code Title
ACC3001Financial Accounting
Teaching Rationale And Relationship

Lectures introduce students to the module material. Students are given a programme of required reading to supplement the lectures and are also encouraged to read around the subject as widely as possible.

Assessment Methods

The format of resits will be determined by the Board of Examiners

Description Length Semester When Set Percentage Comment
Written Examination901A10090 minute written exam
Formative Assessments
Description Semester When Set Comment
Prob solv exercises1MSeminar questions provided
Assessment Rationale And Relationship

The written exam tests students' understanding of some aspects of financial reporting or corporate governance. Written communication skills are also tested. Should circumstances dictate, the exam can be set online.

In the case of an alternative semester 1 assessment (worth 75% of the overall module mark) [or % appropriate] being necessary due to circumstances, the module leader will in the first instance consult with the DPD as to the requirements of the professional accrediting body to discuss possible acceptable alternatives. In 2020/21 this alternative was a 24 hour take home exam delivered online, and it is envisioned that if circumstances do not allow a present-in-person timed exam at the end of semester 2, and the professional body agrees, than this may well be an example of the type of alternative assessment which could be put in place.

Reading Lists