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Durham University

Faculty Handbook Archive

Archive Module Description

This page is for the academic year 2017-18. The current handbook year is 2020-21
No such Code for prog: N420
No such Code for prog: N400
No such Code for prog: N401
No such Code for prog: N404
No such Code for prog: N406
No such Code for prog: N402
No such Code for prog: N403
No such Code for prog: N405

Department: Business School (Business) [Queen's Campus, Stockton]

BUSS3051: CONTEMPORARY ISSUES IN CORPORATE REPORTING

Type Tied Level 3 Credits 20 Availability Available in 2017/18 Module Cap Location Queen's Campus Stockton
Tied to NN43 Accounting and Finance
Tied to N302 Accounting and Finance with Placement Year
Tied to N304 Accounting and Finance with Study Abroad
Tied to N420
Tied to N400
Tied to NN42 Accounting and Management
Tied to N204 Accounting and Management with Placement Year
Tied to N206 Accounting and Management with Study Abroad
Tied to N401
Tied to N404
Tied to N406
Tied to N402
Tied to N403
Tied to N405
Tied to N407 Accounting (for students entering from August 2016) (Suspended until August 2020)

Prerequisites

  • Financial Accounting (ECOS1211) OR Corporate Financial Reporting (BUSS2071)

Corequisites

  • None.

Excluded Combination of Modules

  • None.

Aims

  • The module builds on the relevant core module by:
  • developing students' appreciation of the key principles of financial accounting and the associated frameworks;
  • developing students' appreciation of the limitations of financial accounting and of the possible extensions to the accounting framework;
  • developing knowledge about advanced accounting skills and concepts;
  • exploring the international environment in which business operates;
  • exploring contemporary issues in financial accounting.

Content

  • The conceptual framework in financial accounting.
  • Accounting standards setting and enforcement.
  • Limitations of financial reporting and possible developments to overcome these including narrative disclosure.
  • Advanced accounting technical skills and concepts, especially focussing on emerging key technical or conceptual accounting issues.
  • International accounting differences and accounting harmonisation.
  • Financial reporting and information technology.
  • Ethics and accounting.
  • Environmental and social reporting and accounting.
  • Other contemporary issues in financial accounting, including corporate governance, international auditing and other emerging topics.

Learning Outcomes

Subject-specific Knowledge:
  • Have developed a critical appreciation of the key principles and concepts and limitations underpinning financial accounting.
  • Have developed a deep understanding of the current professional and academic debates affecting financial reporting.
  • Have explored and have an appreciation of recent academic literature in the field of contemporary issues in financial accounting.
Subject-specific Skills:
  • Have the ability to critically evaluate the uses and limitations of financial accounting.
  • Understand the current international accounting development agenda.
  • Be able to apply a range of advanced financial reporting interpretation to corporate reporting.
Key Skills:
  • Have demonstrated the ability to undertake, with appropriate guidance, independent investigation of defined topics in the field of financial accounting and to report the findings effectively.
  • Have developed the following key skills: written and interpersonal communication; planning and organising; problem solving; numeracy; and computer literacy.

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

  • Teaching is by lectures and seminars. Learning takes place through attendance at lectures, preparation for and participation in seminars, and private study.
  • Formative assessment is by means of a written assignment which takes the form of an essay on one of the key topic areas. This will allow students to develop their knowledge of the topic through research and also allow students to develop their essay writing skills in preparation for the summative examination questions.
  • Summative assessment is by means of a written examination and a written assignment which takes the form of a professional report which critically evaluates the disclosure or presentation of performance information of a FTSE listed company.

Teaching Methods and Learning Hours

Activity Number Frequency Duration Total/Hours
Lectures 21 1 weekly 1 hour 21
Seminars 8 4 in term 1, 4 in term 2 1 hour 8
Preparation and Reading 171
Total 200

Summative Assessment

Component: Examination Component Weighting: 70%
Element Length / duration Element Weighting Resit Opportunity
One written examination 2 hours 30 mins 100%
Component: Assignment Component Weighting: 30%
Element Length / duration Element Weighting Resit Opportunity
One written professional report 2000 words max 100%

Formative Assessment:

One written assignment (1500 words).


Attendance at all activities marked with this symbol will be monitored. Students who fail to attend these activities, or to complete the summative or formative assessment specified above, will be subject to the procedures defined in the University's General Regulation V, and may be required to leave the University