Module Details

BE150-7-AU-CO: Issues In Financial Reporting

Year: 2017/18
Department: Essex Business School
Essex credit: 20
ECTS credit: 10
Available to Study Abroad / Exchange Students: No
Full Year Module Available to Study Abroad / Exchange Students for a Single Term: No
Outside Option: No

Supervisor: Miss Zhifang Zhang
Teaching Staff: Zhifang Zhang
Contact details: Email:

Module is taught during the following terms
Autumn Spring Summer

Module Description

This module aims to help students achieve and demonstrate a critical understanding of major current issues in financial accounting and reporting. By the end of the module, students should have developed an awareness of the literature relating to financial reporting theory; the problematic nature of accounting measurements and disclosures; corporate disclosure regulation; the implications of market efficiency for financial reporting; issues concerned with the reporting of assets/liabilities and the potential role of accounting information in social reporting and distribution of income. The utility of financial statements for markets, management and other stakeholders will be critically evaluated.

Learning Outcomes

After completing the module students should be able to:

1. Explain the reasons for competing perspectives on the role and nature of financial accounting and reporting.

2. Appreciate the significance of accounting in shaping social relations.

3. Appreciate the usefulness and limitation of theories informing financial reporting practice and research.

4. Assess the usefulness and limitations of empirical studies which attempt to determine the factors which influence accounting policy choice.

5. Explain the nature of and need for the regulation of accounting information.

6. Evaluate the usefulness of accounting and financial information to a variety of stakeholders and society generally.


* Improve your written communication skills by writing essays.
* Improve your oral communication skills by engaging in class discussions and delivering oral presentations.
* Improve teamwork collaboration by preparing class presentations.

Learning and Teaching Methods

This is a ten week module. There will be a two hour session each week. This will usually be split into one hour lecture and a one hour seminar/class. Classes are a mix of open class discussions, discussions of academic papers and presentations by students. All students are expected to come pre-prepared.


50 per cent Coursework Mark, 50 per cent Exam Mark


One 2,500 word essay

Exam Duration and Period

2:00 during Summer Examination period.

Other information

This module is compulsory for:

MSc Accounting
MSc Accounting and Finance
MRes in Accounting (compulsory with options)

Postgraduate Administrator - Jade D'Mello

Further information