Overview

The module covers an introduction to financial accounting theory; theories of regulation; normative theories of accounting; positive accounting theory; behavioural accounting theories; systems-oriented theories; critical accounting theories.

Assessment Strategy

-threshold -50+ Work demonstrating an adequate attempt at acquiring and applying knowledge.Content1.Partial identification of the issues2.Adequate understanding and use of appropriate conceptual frameworks, experience and facts; some errors3.Some evidence of consulting source material4.No originality5.Insufficient relevanceStructure1.Links parts together, but lacks a coherent structure2.Clear, but limited, objectives3.Does not always reach a conclusion4.Weakened by inappropriate or inaccurate use of language -good -60+ Work demonstrating high level of analytical and applied competence on a broad range of factors. Free of major errors.Content1.Clear identification of the issues2.High standard of critical analysis using appropriate conceptual frameworks and/or applying relevant experience and facts3.Good evaluation and synthesis of source material4.Shows some fresh thinking and originality5.Substantially relevantStructure1.Clearly structured and logically developed2.Clear, relevant and attainable objectives3.Relevant conclusions4.Supported by an appropriate range and use of language -excellent -70+ 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.Content1.Concise and comprehensive identification of the issues2.Excellent standard of critical analysis using appropriate conceptual frameworks and/or applying relevant experience and facts3.Comprehensive and excellent use, evaluation and synthesis of source material4.Shows fresh thinking and originality5.Wholly relevantStructure1.Well structured and logically developed2.Exceptionally clear, relevant and attainable objectives3.Clearly spelled out and relevant conclusions4.Supported by a good range and appropriate use of language

Learning Outcomes

• Analyse the development and intellectual underpinning of rival theories that seek to explain accounting behaviour.

• Analyse the options and strategy of accounting regulators.

• Analyse the structure of the key accounting theories.

• Critically evaluate the strengths and weaknesses of various accounting theories.

• Examine the nature and content of key accounting standards in relation to their theoretical content.