Singapore University of Social Sciences

Accounting Theory

Applications Open: To be confirmed

Applications Close: To be confirmed

Next Available Intake: To be confirmed

Schemes: To be confirmed

Language: English

Duration: 6 months

Fees: To be confirmed

Area of Interest: To be confirmed


Synopsis

ACC401 aims to provide a broad overview of the historical development of accounting theory and examine why particular accounting procedures or practices are being adopted. Topics covered include theory construction; theory validation; income concepts and its measurement; accounting and inflation; and regulations of accounting.

Level: 4
Credit Units: 5
Presentation Pattern: Every July

Topics

  • Introduction to Financial Accounting Theory
  • Financial Reporting Environment and Regulation of Financial Accounting
  • Normative Theories of Accounting and Positive Accounting Theory
  • Accounting for Changing Prices
  • Social and Environmental Reporting
  • Capital Markets, Behavioural Research and Financial Reporting

Learning Outcome

  • Discuss the importance of theory to financial accounting
  • Prepare an overview of the development and regulation of accounting practice
  • Debate on the rationale for regulating accounting practice
  • Appraise historical differences in international accounting practices and the rationale for and obstacles to harmonisation
  • Assess conceptual framework projects
  • Discuss the origin and development of positive accounting theory
  • Discuss unregulated corporate reporting decisions
  • Prepare an overview of developments in social and environmental reporting
  • Appraise the reactions of capital markets to financial reporting
  • Prepare an overview of behavioural research in accounting
  • Compare various methods of accounting for changing prices including current purchasing power, current cost accounting, and exit price accounting
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