Financial Accounting, Analysis and Valuation.
This information is for the 2016/17 session.
Dr Vasiliki Athanasakou OLD 2.20, Dr Stefano Cascino OLD 3.32 and Prof Richard Macve OLD 3.11
This course is compulsory on the BSc in Accounting and Finance. This course is available on the BSc in Business Mathematics and Statistics, BSc in Management, BSc in Statistics with Finance and Diploma in Accounting and Finance. This course is available with permission as an outside option to students on other programmes where regulations permit. This course is not available to General Course students.
The course is available as an outside option, subject to the course leader's permission, if students have achieved a sufficient standard of performance in the pre-requisite course AC100 Elements of Accounting and Finance or AC102 Elements of Financial Accounting or equivalent.
Students must have completed AC100 Elements of Accounting and Finance, or AC102 Elements of Financial Accounting, or AC104 Elements of Accounting, Financial Institutions and Financial Management.
The course addresses the theory and practice of financial reporting. Accounting practices are examined in the light of historical development, regulatory requirements, theories of income and capital and other approaches to accounting theory and to the use of accounting information in business analysis and valuation.
Financial accounting with particular reference to company accounts. Issues in financial accounting including accounting for business combinations under International Accounting Standards. Implications of empirical research into stock market effects of management choice of accounting policies. Business analysis and valuation. Regulation of financial reporting. International standardisation of accounting practice. A conceptual framework for financial reporting. The measurement of income, costs and depreciation. The valuation of assets. Accounting for changing prices. Further details will be given at the start of the course.
20 hours of lectures and 9 hours of classes in the MT. 20 hours of lectures and 11 hours of classes in the LT.
There will be a revision class in week 1 of ST.
Students should prepare weekly written work for class discussion. At least two pieces per term will be collected for marking and some of these assignments will count towards the final mark for the course.
Detailed reading lists of books and journal articles will be provided during the course. No one book covers the entire course. Recommended books include Whittington, G, Inflation Accounting: an introduction to the debate, CUP (1983); Baxter, WT, Inflation Accounting, Oxford, Philip Allan, (1984); Beaver, WH, Financial Reporting: An Accounting Revolution, Prentice-Hall (1998); Palepu, KG, Healy, PM, Bernard, VL and Peek, E, Business Analysis and Valuation: IFRS Edition, Thomson (2013).
Exam (85%, duration: 3 hours and 15 minutes, including reading time: 15 minutes) in the main exam period.
Group work (total 5%) comprising 1 presentation assignment in Lent Term.
1 submitted essay (total 10%) in Michaelmas Term.
Student performance results
(2013/14 - 2015/16 combined)
|Classification||% of students|
Total students 2015/16: 206
Average class size 2015/16: 19
Capped 2015/16: No
Value: One Unit
- Team working
- Problem solving
- Application of information skills
- Application of numeracy skills
- Commercial awareness
- Specialist skills
Course survey results
(2013/14 - 2015/16 combined)1 = "best" score, 5 = "worst" score
The scores below are average responses.
Response rate: 75%
Reading list (Q2.1)
Course satisfied (Q2.4)