SHE Level 3
SCQF Credit Points 20.00
ECTS Credit Points 10.00
Module Code M3N406715
Module Leader n/a
School Glasgow School for Business and Society
Subject Finance and Accounting
  • B (January start)

Pre-Requisite Knowledge


Summary of Content

Rationale The module builds upon the techniques of financial accounting and the knowledge of the regulatory framework covered in the first two levels. Summary of content The emphasis in this module is on the analysis of current issues within financial accounting and their application in advanced curricular areas. The aim is to combine advanced topics required for accreditation purposes with analysis of some of the wider contexts within which financial accounting operates.


Corporate Financial Reporting - Income, Capital and Value Measurement - Historical review - Nature of income - Economic concepts of income and value - Traditional historic cost accounting - Current value accounting - Current purchasing power accounting Developing a financial accounting framework - Alternative theories of accounting - Social accounting - Critical accounting International accounting - The international development of the accounting discipline - Harmonisation of financial reporting Corporate financial reporting - Accounting for foreign currency translation - Accounting for pension costs - Segmental reporting - Deferred taxation - Financial Instruments: disclosure, presentation and measurement - Off-balance sheet finance - accounting for leases, reporting the substance of transactions

Learning Outcomes

On successful completion of the module, students should be able to:- Apply and evaluate alternative measurement rules- Apply and evaluate a selection of advanced measurement and reporting standards- Appraise the role of accounting within modern society and assess current developments in accounting theory- Assess the impact of international accounting issues on the UK financial accounting environment- Research topics independently and be able to conduct a thorough literature review- Present arguments clearly in a variety of written formats

Teaching / Learning Strategy

Teaching/Learning Strategy Topics will be introduced in lectures. Seminar material is designed to provide opportunities to apply and evaluate the material introduced in lectures and to provide a forum for discussion of current issues. Students will also be required to work independently in researching and producing coursework. Blackboard VLE is used to support class activities. Feedback Strategy The following strategies will be adopted: A: Facilitating the development of self-assessment Students will be provided with detailed feedback on coursework in the seminars and will be encouraged to reflect on their performance. B: Encouraging dialogue. Seminars are designed to facilitate students entering into dialogue with the tutor. All tutors have an open door policy and students are encouraged to discuss any problems with the tuor on a one-to-one basis. C: Clarifying good performance. Students will be provided with information about marking criteria and performance level definitions prior to commencing the coursework. D: Providing opportunities to close the gap between current and desired performance Feedback on performance in the coursework will be provided and students encouraged to talk to their tutor to discuss problem areas and identity solutions. E: Delivering high quality information about learning. Feedback on performance in the coursework will be provided to each student within three weeks. Feedback will provide information on performance against each marking criteria specified. Guidance for improvement will also be provided. Feedback on seminar work will be continual. F: Encouraging positive motivational beliefs and self-esteem. All feedback will emphasise the positive points. G: Providing information to teachers that can be used to help shape the teaching. Students will be asked to identify where they are having difficulties during the student staff meetings and during meetings with their adademic advisers. The design of seminars allows continual dialogue.

Indicative Reading

Recommended text: Deegan, C and Unerman J (2006) Financial Accounting Theory, McGraw Hill Education Additional texts Alexander D, Britton A and Jorissen A (2003) International Financial Reporting and Analysis Thompson Learning In addition, students will be required to access appropriate websites, eg and to read appropriate articles from a variety of professional and refereed journals.

Transferrable Skills

Personal development skills and enterprise or business skills On successful completion of the module, students will be able to: - demonstrate analytical and research skills - work and communicate with others - display written communication skills using a variety of formats such as essays and reports.

Module Structure

Activity Total Hours
Assessment (FT) 40.00
Seminars (FT) 12.00
Lectures (FT) 24.00
Independent Learning (FT) 124.00

Assessment Methods

Component Duration Weighting Threshold Description
Coursework 0.00 30.00 35% Essay or report to research a current issue
Exam (Exams Office) 3.00 70.00 35% unseen exam