________________________________________________________________________ ______ COURSE CODE : BKAF3083 GROUP : A, B, C, D, E, F, G, H, and I, COURSE : ACCOUNTING THEORY AND PRACTICE PRE-REQUISITE : BKAF3073

FINANCIAL ACCOUNTING AND REPORTING IV
Lecturer PUAN HAJJAH ROHANA @ NORLIZA HAJI YUSOF DR. MOHD. ‘ATEF MD. YUSOF PROF. MADYA DR. OMAR OTHMAN ENCIK FATHILATUL ZAKIMI ABDUL HAMID* Grou A, B &C D&I E&H F&G Roo m 0.41 3.32 0.07 1.36 Ext. 3790 3992 3908 3780 e-mail yrohana@uum.ed u.my atef@uum.edu.m y omar@uum.edu. my zakimi@uum.edu. my

UNIVERSITI UTARA MALAYSIA FIRST SEMESTER 2011/2012 SCHOOL OF ACCOUNTANCY

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SYNOPSIS This course is an advanced level course focusing on financial accounting theory; and as such, it differs from other accounting courses learnt previously. It is designed to further enhance students’ understanding of the concepts and issues in accounting theory and practices. This course involves the study of the theoretical and practical issues involved in the development, implementation and changes in accounting theories and regulatory framework. As this course will be seminal-like, this course will provide students with some generic skills required in the accounting profession such as communication, critical thinking and decision making, teamwork, life-long learning and information management, professional ethics, and leadership skills. OBJECTIVES Upon completion of the course, students are expected to: 1. understand the development of accounting theory and theory construction and verification; 2. understand the development of conceptual framework project and accounting standard setting; 3. expose students to specific accounting practices in financial accounting and reporting; and 4. make aware current financial reporting issues. REFERENCES

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Students are also encouraged to read accounting journals. 2 . the Malaysian Institute of Accountants (MIA) and the Malaysian Institute of Certified Public Accountants (MICPA). students are expected to read widely from other additional recommended textbooks. business newspapers and pronouncements by the Malaysian Accounting Standard Board (MASB). Although two (3) textbooks have been chosen as the main text for this course.The importance of regular and extensive reading is very much emphasized in this course.

& Unerman. Accounting Theory (7th ed. (2006). H.2 Case Study Students must work on a case study in a group on cases related to the course content particularly the modern accounting cases. S. Cengage Learning Others: Deegan. Kuala Lumpur: Pearson Prentice Hall. Tarca. J. Points will NOT be given to students who do not participate throughout the semester. Hodgson. Financial Accounting Theory (5th ed.1 Topical Discussion and Participation Students must work and prepare on topic assigned related to the course content to discuss and participate during the discussion in class.1 Course Work is inclusive of: Topical Discussion and Participation 10% Case Study and Presentation (Group of 4) 20% Class Assignment 10% 40% 4. W.0 ASSESSMENTS Course work Final Examination Total : : 40% 60% 100% 4.3 Class Assignment Students are required to: • summarize class discussion on selected topic.. John Wiley & Sons Australia. Toronto: Pearson Prentice Hall International Inc Belkaoui A. Presentation of case study is tentative..Main text: Godfrey. Hooper.1. Accounting Theory and Practice: A Malaysia Perspective. Australia: McGraw Hill. SouthWestern. S.1. R.).. 4. (2004). Financial Accounting Theory (2nd ed. D. 4. 4. A.). J. & Holme. & Davey. Susela. (2010).. Hamilton. J.). A. C. or 3 .). (2009). K. (2006). R.1. Marks will be awarded accordingly. Scott... Accounting Theory (5th ed. Students are required to participate actively during the discussion of related topics.

0 INTRODUCTION 1.2 Introduction to Accounting Theory 1.1 Conventional versus Islamic views 2.1 Historical development of accounting 1. International Financial Reporting Standards (IFRS).7.5. or structured pop quizzes after each topic.5 Alternative Views of Conceptual Framework 2. Lecturers may give other class assignment based on relevance.3 Components of Conceptual Framework 2.2 Political Issues 2. and others.9 Due Malaysia Process of Standard Setting in 8 GHTHH (4) ARB (5&6) SWR (8.1 What is Conceptual Framework? 2.4 Need & Importance of Accounting Theory 1. 3.6 Accounting Standards and the Needs for Accounting Standards 2.0 THE CONCEPTUAL FRAMEWORK AND STANDARD SETTING PROCESS: CONVENTIONAL VERSUS ISLAMIC 2.8. 5.1 Economic Issues 2.8 Standard Setting 2.7 Standard Setting Process 2.4 Objectives of Conceptual Framework 2.6 The Structure of Accounting Theory 2. etc Reminder: The above lists are only suggestions.1 1&12) NO TOPICS .2 Why Conceptual Framework is needed? 2.12&13) 2.8. or answer selected past-semester exam questions.10 Financial Reporting Standards (FRS). GHTHH (1&2) SWR (1&2) ARB (1. 1.5 Accounting Theory and Policy Making 1.5. and IFRS in Malaysian Generally Accepted Accounting Principles.0 RECOGNITION AND MEASUREMENT 8 GHTHH (5) 4 .0 COURSE CONTENT HOU RS 6 REF.3.3 Accounting Theory Approaches 1.2.3 Global Conceptual Framework 2. the Adoption of FRS.4.• • • critically provide opinion on selected accountingrelated issues.8.

1.5 Fair Value Accounting NO TOPICS HOUR .1. GHTHH (11 & 12) SWR (8.2 Agency Theory 4.1 Economic Consequences (EC) & Positive Accounting Theory (PAT 4.9.2 Corporate Governance 6.2.ISSUES 3.1 What is measurement? 3.1.5 Measurement in accounting 3.4 Intellectual Capital Reporting 8 ARB (5.14.2 Types of measurement 3.1 Earning Management 5.15&16) SWR (6&7) REF.9.1 Introduction to Measurement Theory 3.2.2.2.2.3 Management Discussion & Analysis 6.0 CURRENT ISSUES 6.10 &11) GHTHH (11 & 12) ARB (13) SWR (8.2.1.2 An Analysis of Conflict 4.1 Corporate Social Responsibility 6.2 Historical Cost 3.10& 11) 6 GHTHH (14) SWR (4) Journal Articles 6.3 What do we measure? 3.1 Adopting an Accounting Perspective 3.3 Current Cost Accounting 3. Each topic will be discussed in further details 5 .2 Integrity & Ethics in Preparing & Reporting Financial Information 5.1.2 An Analysis of Conflict 5.4 Reliability and accuracy 3. students’ presentation and participation.2.0 COMPRESIVE CASES 5.3 Earnings Management (EM) & Creative Accounting 5.2 Agency Theory 6.0 TEACHING METHOD The main and fundamental ideas of each topic will be explained during lectures through discussions.2 Relevance and Reliability Issues 3. S 4.0 SPECIFIC ACCOUNTING ISSUES 6 4.2.4 Exit Price Accounting 3.1 Game Theory 4.2.1 Game Theory 5.

6 . 7.0 ATTENDANCE Students must attend at least 80 % of the lectures. Those who failed to do so will be barred from taking the final examination paper.during lectures where students are required to present and actively participate in the discussion.

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