Not available in 2018/19
Accounting Theory and Practice

This information is for the 2018/19 session.

Teacher responsible

Dr Pik Kun Liew OLD 3.34

Dr Per Ahblom, OLD 3.13


This course is compulsory on the BSc in Accounting and Finance. This course is available with permission as an outside option to students on other programmes where regulations permit and to General Course students.

Please seek permission from BSc in Accounting and Finance Programme Director.


Students must have completed either

(1) Elements of Accounting and Finance (AC100), or

(2) Elements of Financial Accounting (AC102) and Elements of Management Accounting, Financial Management and Financial Institutions (AC103), or

(3) equivalent.

Course content

This is a one-unit course that builds on the foundation laid by the first-year accounting courses. AC200 is also intended to provide students with the conceptual knowledge and technical skills necessary for final-year courses in accounting. The course considers the major theoretical and practical approaches to accounting and consists of two main components: financial accounting and management accounting.

Financial Accounting: The course begins with an evaluation of the regulatory environment in which financial accounting operates. This part of the course focuses on the preparation and analysis of the published financial statements of limited companies operating on their own, or within group structures. The function and content of published financial statements, the issues posed by consolidated accounts, and the analysis of financial statements to evaluate corporate performance will also be examined. A range of specific areas of financial accounting issues will be looked at, for example, reporting of earnings, problems associated with the treatment of taxation, valuation of tangible and intangible assets, and provisions.

Management Accounting: The course then explores theoretical concepts, practices, designs and wider issues of cost and management accounting. The characteristics and use of various systems and models, such as cost-driver analysis and activity-based costing, in organisational decision-making at both operating and strategic levels will be introduced and critically evaluated. This part of the course also considers ways in which non-financial information can be used to complement financial accounting information in order to enable a more holistic approach aimed at providing relevant and useful information to management for the purposes of planning, decision-making, and organisational control.


20 hours of lectures, 10 hours of classes and 10 hours of help sessions in the MT. 22 hours of lectures, 10 hours of classes and 10 hours of help sessions in the LT. 2 hours of lectures and 1 hour of classes in the ST.

The course will be delivered by:

- 10 two-hour lectures in MT (weeks 1-10);

- 11 two-hour lectures in LT (weeks 1-11);

- 10 one-hour classes in MT and in LT (weeks 2-11 of each term, respectively);

- 10 one-hour support sessions (‘labs’) in MT and in LT (weeks 2-11, respectively); and,

- 1 two-hour revision lecture, and 1 one-hour revision class in ST (in week 1).

There will be no lecture in week 11 of MT but students will be taking a summative test this week. 

Formative coursework

Students will be required to complete written assignments before each class. Three of these assignments, one in the MT and two in the LT, will be collected and graded by class teachers as part of formative coursework to provide feedback on analytical and writing skills ahead of the final exam. There will also be several tests (“quizzes”) to assess the student’s knowledge and progress in the MT on a formative basis for feedback. Coursework may take the form of an essay, a case analysis or a numerical exercise and may also include in-class presentation and team-based work. Feedback on performance and progress will be provided during class, on written homework assignments, and during office hours.

Indicative reading

Detailed course programmes and reading lists will be distributed before the first lecture of each term. A range of academic papers, professional reports and news articles will be used in the course. 


Exam (75%, duration: 3 hours, reading time: 15 minutes) in the summer exam period.
In class assessment (15%) in the MT.
Class participation (10%) in the LT.

Class participation will be assessed based on students’ engagement with course activities, including for example in-class discussions and class assignments.

Key facts

Department: Accounting

Total students 2017/18: Unavailable

Average class size 2017/18: Unavailable

Capped 2017/18: No

Value: One Unit

Guidelines for interpreting course guide information

PDAM skills

  • Leadership
  • Self-management
  • Team working
  • Problem solving
  • Application of information skills
  • Communication
  • Application of numeracy skills
  • Commercial awareness
  • Specialist skills