SHE Level 3
SCQF Credit Points 20.00
ECTS Credit Points 10.00
Module Code M3N422789
Module Leader Alison Lehane
School Glasgow School for Business and Society
Subject Finance and Accounting
  • B (January start)

Pre-Requisite Knowledge

-108 Financial Accounting or equivalent AND Financial Accounting and Corporate Reporting or equivalent.

Summary of Content

-108 The module builds upon the techniques of financial accounting and the knowledge of the regulatory framework covered in the first two levels of the programme. The emphasis is on analysis of current issues within financial reporting. The module considers both advanced topics in financial accounting and the wider contexts within which financial reporting operates.


-108 Income, capital and value measurement b7 Historical review b7 Nature of income b7 Economic concepts of income and value b7 Traditional historical cost accounting b7 Current value accounting b7 Current purchasing power accounting b7 Fair value accounting Developing a financial accounting framework b7 Alternative theories of accounting b7 Social accounting b7 Critical accounting International accounting b7 International development of the accounting discipline b7 Harmonisation of financial reporting Corporate financial reporting b7 Accounting for foreign currency translation b7 Accounting for pension costs b7 Segmental reporting b7 Financial instruments: disclosure, presentation and measurement b7 Off-balance sheet finance - accounting for leases; reporting the substance of transactions b7 Cash flow b7 Group accounts

Learning Outcomes

On successful completion of this module, the student 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 reporting environment.

Teaching / Learning Strategy

-108 Lectures are used to provide an overview of topics. 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. GCU Learn is used to support learning activities. GSBS will continue to use the advancement of GCU Learn as a blended learning tool through its teaching and learning as well as through engagement with students. GSBS will ensure that all modules are GCU Learn enabled and with the support of the Learning Technologists at the cutting edge of development of online materials. Academic staff and the Learning Technologists will continue to work together to develop and operate all modules on GCULearn to ensure student support and information sharing. Students are provided with formative and summative feedback via a variety of mechanisms. Feedback on coursework is provided within 3 working weeks of submission.

Indicative Reading

-108 Books Alexander, D., Britton, A., and Jorissen, A. (latest edition), Financial Reporting , International Thompson Business Press -3 Deegan, C. and Unerman, J. (latest edition), Financial Accounting Theory , McGraw Hill Education Elliott, B. and Elliott, J. (latest edition), Financial Accounting and Reporting , FT Prentice Hall -3 Gray, R., Owen, D. and Adams, C. (1996), Accounting and Accountability , Prentice Hall Mathews, MR. and Perera, MHB. (1996), Accounting Theory and Development, International Thomson Nobes, C. and Parker,R. ( latest edition-3 ) , Comparative International Accounting , FT Prentice Hall Puxty AG. (1996), The Social and Organizational Context of Management Accounting, Academic Press Riahi-Belkaoui, A. ( latest edition-3 ), Accounting Theory, Thomson Wolk, HI, Dodd, JL and Rozycki, JJ. ( latest edition-3 ), Accounting Theory, Sage Journals-3 Students will be required to read appropriate articles from a variety of professional and refereed journals - for example, Accounting Organisations and Society, Accounting Auditing and Accountability Journal, British Accounting Review, Critical Perspectives on Accounting. Online sources Students will be required to access appropriate websites (e.g. and

Transferrable Skills

-108 By the end of this module students will have gained competence in the following key areas: b7 Analytical and research skills; b7 The ability to work and communicate with others; b7 Written communication skills.

Module Structure

Activity Total Hours
Assessment (FT) 20.00
Independent Learning (FT) 145.00
Seminars (FT) 11.00
Lectures (FT) 24.00

Assessment Methods

Component Duration Weighting Threshold Description
Essay n/a 30.00 35% 2000 Word essay
Exam (Exams Office) 3.00 70.00 35% unseen examination