Company Accounting and Accounting Theory

Business School

College of Social Sciences


Code 22678

Level of study Second Year

Credit value 20

Semester 1 and 2

Module description

The module will cover the following topics: Accounting Theory - the conceptual framework including objectives, qualitative characteristics, elements and recognition criteria; measurement issues in financial reporting (including economic income, replacement and current cost accounting; current purchasing power accounting; real terms accounting and cash flow and realisable value accounting). Issue in depreciation measurement. Company Accounting - will cover the following topics in respect of financial reporting for UK corporate bodies; the regulatory framework; the reporting entity including accounting for groups; reporting financial performance; accounting for tangible and intangible fixed assets; accounting for tax; preparation of cash flow statements.