Dr Vasiliki Athanasakou OLD 2.20, Dr Stefano Cascino OLD 3.32 and Prof Richard Macve OLD 3.11

This course is compulsory on the BSc in Accounting and Finance. This course is available on the BSc in Business Mathematics and Statistics, BSc in Management, BSc in Statistics with Finance and Diploma in Accounting and Finance. This course is available with permission as an outside option to students on other programmes where regulations permit and to General Course students.

The course is available as an outside option and to General Course students, subject to the course leader's permission, if students have achieved a sufficient standard of performance in the pre-requisite course AC100 Elements of Accounting and Finance or AC102 Elements of Financial Accounting or equivalent.

Students must have completed Elements of Accounting and Finance (AC100) or Elements of Financial Accounting (AC102).

The course addresses the theory and practice of financial reporting. Accounting practices are examined in the light of historical development, regulatory requirements, theories of income and capital and other approaches to accounting theory and to the use of accounting information in business analysis and valuation.

Financial accounting with particular reference to company accounts. Issues in financial accounting including accounting for business combinations under International Accounting Standards. Implications of empirical research into stock market effects of management choice of accounting policies. Business analysis and valuation. Regulation of financial reporting. International standardisation of accounting practice. A conceptual framework for financial reporting. The measurement of income, costs and depreciation. The valuation of assets. Accounting for changing prices. Further details will be given at the start of the course.

20 hours of lectures and 8 hours of classes in the MT. 20 hours of lectures and 10 hours of classes in the LT. 2 hours of classes in the ST.

Students should prepare weekly written work for class discussion. At least two pieces per term will be collected for marking.

Detailed reading lists of books and journal articles will be provided during the course. No one book covers the entire course. Recommended books include Whittington, G, Inflation Accounting: an introduction to the debate, CUP (1983); Baxter, WT, Inflation Accounting, Oxford, Philip Allan, (1984); Beaver, WH, Financial Reporting: An Accounting Revolution, Prentice-Hall (1998 - use latest edition); Palepu, KG, Healy, PM, Bernard, VL and Peek, E, Business Analysis and Valuation: IFRS Edition, Thomson (2013).

Exam (100%, duration: 3 hours and 15 minutes, reading time: 15 minutes) in the main exam period.