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School of Social Sciences

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BAEcon Economics
Learn how the social sciences can help you to understand today's world.

BAEcon Economics / Course details

Year of entry: 2018

Course unit details:
Contemporary Issues in Financial Reporting and Regulation

Unit code BMAN30030
Credit rating 20
Unit level Level 3
Teaching period(s) Full year
Offered by Alliance Manchester Business School
Available as a free choice unit? No

Overview

  1. Analysis of a range of contemporary corporate reporting  techniques, developments, initiatives, debates and controversies;
  2. Consideration of the nature of and shifts in  regulatory regimes associated with corporate  reporting in an international context;
  3. Consideration of corporate responsibilities and public interest commitments of the profession and its regulators; 
  4. Consideration of the overall standing of corporate reporting practice, including the usefulness and value of corporate reports for a range of stakeholders and the scope for innovation and development.

    The course reading material will include textbook chapters and journal articles and will be specified in the detailed course outline made available to students (via Blackboard) at the beginning of the course. Given the contemporary nature of the course, students will also be expected to make good use of the internet in keeping up to date with current developments in the topics covered on the course.

Pre/co-requisites

Unit title Unit code Requirement type Description
Financial Reporting and Accountability BMAN21020 Pre-Requisite Compulsory
BMAN 21020 is a pre-requisite of BMAN30030.

Pre-requisite course units have to be passed by 40% or above at the first attempt unless a higher percentage is indicated within this course outline. If the pre-requisite unit is defined as a compulsory course unit within your programme of study (Maths with Finance, IBFE, Accounting, BA Econ pathways for example) then progression onto the dependent unit is permitted as long as you have gained the appropriate amount of credit to progress on to the following year of your registered undergraduate programme.



 

Aims

The aim of the course is to enhance students' understanding of contemporary issues in financial reporting and regulation from an international perspective.

Learning outcomes

By the end of this course students should be able to:
• Describe the causes of accounting diversity as well as reasons for, and critiques of, the pursuit of accounting harmonisation/convergence in a global arena;
• Critique the achievements and problems associated with processes of international accounting and auditing standard setting and levels of compliance and enforcement;
• Describe and critique the contemporary international financial ‘architecture/infrastructure’, including the roles of national and international professional bodies,  large multinational accounting/audit firms and regulators;
• Describe the pertinence of political, economic, social and environmental factors and considerations to the on-going development of and innovation in international financial accounting and auditing practice;
• Show a good understanding of the main differences between measurement bases and their impact upon financial statement analysis;
• Show a good understanding of key accounting concepts, techniques and developments in the  international corporate reporting arena, including, for example, consolidated accounting,  fair value accounting,  segmental and sustainability reporting;

Teaching and learning methods

2 hours of lectures per week for 22 weeks.

Some lecture sessions will incorporate workshops which will include case study material and/or discussion of journal articles for which advance preparation is required.

Total study hours: 200 hours split between lectures, reading, self-study and preparation for classes, coursework, group presentations/discussions and examinations.

Assessment methods

3 hour unseen examination (100%)

For semester 1 exchange students admitted via the Alliance Manchester Business School International Office that take this course as BMAN30581 the assessment will be a 2500 word written assignment.

 

Feedback methods


• Informal advice and discussion during lectures and  workshop sessions

• Written and/or verbal comments on assessed and/or non-assessed coursework.

• Written and/or verbal comments after students have given a group presentation.

• Generic feedback posted on Blackboard regarding overall examination performance.

Recommended reading

Strivens, M (ed) (2013), Financial Reporting and Accountability, 4th edition London: McGraw Hill, ISBN:  9781121869233.

 

Study hours

Scheduled activity hours
Assessment written exam 3
Lectures 44
Independent study hours
Independent study 153

Teaching staff

Staff member Role
Omiros Georgiou Unit coordinator

Additional notes

Length of course: 23 weeks

Pre-requisite course units have to be passed by 40% or above at the first attempt unless a higher percentage is indicated within this course outline. If the pre-requisite unit is defined as a compulsory course unit within your programme of study (Maths with Finance, IBFE, Accounting, BA Econ pathways for example) then progression onto the dependent unit is permitted as long as you have gained the appropriate amount of credit to progress on to the following year of your registered undergraduate programme.

Pre-requisites: BMAN21020 Financial Reporting and Accountability

Co-requisites: None

Dependent course units: None

Programme Restrictions: There are no programme restrictions for this course providing the pre-requisites listed above  are met.

BMAN300030 is available to study abroad  and exchange students admitted through the University of Manchester International Programmes Office who will be studying for a full academic year

Timetable
https://ughandbook.portals.mbs.ac.uk/Myprogramme/Teachingtimetables.aspx

For Academic Year 2017/18

Updated: March 2017

Approved by: March UG Committee

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