Accounting Theory

Learning Outcomes

Upon successful completion of this course, students are expected to be able to critically discuss different financial accounting theories that explain:  for and against regulation of financial accounting, the existence of voluntary reporting, the reaction of users towards accounting information. In this course, student will learn about financial reporting environment, normative and positive accounting theories, system-oriented theories, reactions of capital markets and individuals to financial reporting.

Topics

In this course, student will learn about financial reporting environment, normative and positive accounting theories, system-oriented theories, reactions of capital markets and individuals to financial reporting. Students will discuss different financial accounting theories that explain for and against regulation of financial accounting, the existence of voluntary reporting as well as the reaction of users towards accounting information.

Prerequisite: AC225 – Introduction to Accounting II OR AC101 – Introduction to Financial Accounting, OR AC 210 Intermediate Accounting, OR AC318 – Financial Accounting I.