ACCOUNTING THEORY (2 Credits)

Learning Outcomes:

On successful completion of this course, students will be able to: Describe the role and purpose of accounting theory as it served from time to time; Define theories and approaches used in accounting theory and describe how the theories were constructed; Explain the underlying theoretical concept behind accounting practices; Describe positive accounting theory, capital market, and behavioural research approach used in accounting research and study; Analyze contemporary issues in accounting within the theoretical framework.

Topics:

1. Introduction to Course and Accounting Theory;
2. Applying Theory to Accounting Regulation;
3. Conceptual Framework for Financial Reporting;
4. Measurement Theory and Accounting Measurement System (Part I);
5. Measurement Theory and Accounting Measurement System (Part II);
6. Assets;
7. Liabilities and Owners Equity;
8. Revenue;
9. Expense;
10. Positive Theory of Accounting Policy and Disclosure;
11. Capital Market Research;
12. Behavioural Research in Accounting;
13. Emerging Issues in Accounting and Auditing.