Authorised by Academic Registrar, April 1996
Objectives This subject has three aims. 1. To provide an understanding of the nature and development of accounting theory. Students will be exposed to a coverage of the financial accounting literature and will be expected to develop an understanding of the nature of accounting. To achieve these objectives the course will focus on both the theoretical and empirical literature on contracting and the theory of the firm in order to establish the role that accounting and auditing play in the contracting process. 2. To cover selected topics relating to recent developments in the theory and practice of finance. 3. To focus on the environment in which the various facets of decision-making and controlling of operations take place. The dominant feature of this environment is that it involves human action and interaction.
Assessment Assignment: 30% + Examination (3 hours): 70%