Accounting as a Profession
Overview of Assessment Type
History of Accounting (traditional, alternative histories, issues in the development of the profession – gender etc.)
Roles of accounting in society (FA/MA/Audit/Contemporary issues and settings – environment, sport, singularities etc.)
Application of accounting and relation to management
Professional ethics (for individuals and why individuals might act as they do)
The professional bodies
The professionalisation project (establishment, maintenance, legal aspects etc.)
The future of accounting (societies, evaluation, author, figures vs numbers)
Theories of corporate governance
Legislation, regulation and corporate governance codes
Development of UK corporate governance practices
Models of corporate governance
Corporate scandals and corporate culture
Functions of the corporate board
Board effectiveness and diversity
Accountability, audit and risk
Corporate governance reporting and disclosure
Contemporary issues of governance
The role of stakeholders and corporate social responsibility
International and transnational approaches to corporate governance
Research methodologies, critically reviewing literature, research design and ethics, data collection methods (qualitative, quantitative and mixed), analysis methods, research writing and dissemination. Individual research, production of a dissertation, reflection on work undertaken.
The financial environment, types of debt and equity instruments and their features, measurements of the cost of capital including WACC, capital structure theories and practices, investment appraisal techniques including NPV and IRR, appraising investment under conditions of risk and uncertainty including M&A projects; working capital management and short term financing decisions, risk management policies involving operating and financial risk
Financial Reporting and Analysis
In this module you will learn about the financial reporting environment and the regulatory and conceptual frameworks for the preparation and presentation of financial statements, including consideration of international practices. You will study the practical problems associated with the application of accounting standards, including accounting for groups of companies. You will also learn how to interpret and analyse the financial performance, cash flows and financial position of organisations from their published accounts.
Overview of the international financial reporting environment
Regulatory and conceptual frameworks
Accounting for groups of companies
Accounting standards and accounting policies
Analysis, interpretation and limitations of published financial statements and annual reports
Research methodologies, critically reviewing literature, research design and ethics, data collection methods (qualitative, quantitative and mixed), analysis methods, research writing and dissemination.
Strategic Performance Management
Strategic tools and strategic positioning analysis; management accounting for competitive advantage including innovations in management accounting performance evaluation such as economic value and environmental management accounting; performance measurement systems including the balanced scorecard; performance management and its alignment with performance measures; strategic costing; behavioural aspects of performance measurement systems; risk in the management accounting process.
Transnational Financial Crime
Financial offences: fraud, including tax evasion, bribery, theft, money laundering, terrorist financing
Facilitation of financial crime by businesses and professional persons
Money laundering and profits from illegal enterprise and organised crime.
Bribery and corruption
International conventions and co-operation in financial crime prevention and role of the Organisation for Economic Co-operation and Development and United Nations
Management of risks of financial crime
Terrorism financing and its prevention
Data security, computer security and responses to the threat of computer-enabled financial crime
Financial crime risks and the use of the internet
The role of investigators, the police, document examiners and forensic experts
Investigation of financial crime across jurisdictions
* These are indicative only and reflect the course structure in the current academic year. Some changes may occur between now and the time that you study.