Authorised by Academic Registrar, April 1996
Objectives On completion of this subject, students should understand the nature of theory in general and financial accounting theory in particular. Students should be able to explain the nature and development of accounting theory; the effect on accounting standard-setting of the conceptual framework; and descriptive and prescriptive accounting theories and their applications. Students should also be able to explain the methodology, statistical techniques employed and the results of some areas of empirical research in financial accounting.
Synopsis This subject is concerned with the nature of theory in general and of accounting theory in particular. Topics to be studied include the nature of theory and research, the nature and development of accounting theory, the conceptual framework and contemporary accounting issues, descriptive and prescriptive accounting theories, and empirical research in accounting.
Assessment Written (3000 words): 30% + Seminar participation: 20% + Examination (3 hours): 50%