Accounting Theory (ACCT)

Course description



The course presents an in-depth analysis of the historical developments of accounting practice and theory and its application to current accounting issues.
The aim of the course is to give the student a conceptual and a theoretical base for advanced studies in accounting. The course will provide a thorough understanding of central concepts in accounting as well as an overview of how accounting practice has evolved historically, thereby providing a solid foundation for further advanced studies in accounting.
The course covers the following:
• The history of accounting.
• Theoretical perspectives on the basic elements of accounting, such as revenue, expenses, assets, liabilities and owners’ equity.
• Measurement of accounting elements.
Learning outcomes
The overall aim of the course is to advance students understanding of accounting theory and its roots in history, thereby preparing students to read and think critically and creatively about issues in accounting.
Upon completion of the course, students should be able to:
Knowledge and understanding
1. Understand and explain how historical developments have shaped the design of modern accounting.
2. Understand and explain central concepts in accounting.
3. Demonstrate an understanding of how different measurement concepts affects values and results.
Skills and abilities
4. Demonstrate the ability to utilise written and oral communication skills to share their understanding of accounting issues with others.
5. Relate accounting theory to the practice of accounting.
Judgement and approach
6. Reflect critically upon underlying theories, concepts, assumptions and arguments in accounting and assess how perspectives can change depending on different theoretical points of departure.


Intended Learning Outcomes
The overall aim of the course is to advance students understanding of accounting theory and its roots in history, thereby preparing students to read and think critically and creatively about issues in accounting. Upon completion of the course, students should be able to:

Knowledge and understanding
1. Understand and explain how historical developments have shaped the design of modern accounting.
2. Understand and explain central concepts in accounting.
3. Demonstrate an understanding of how different measurement concepts affects values and results.

Skills and abilities
4. Demonstrate the ability to utilise written and oral communication skills to share their understanding of accounting issues with others.
5. Relate accounting theory to the practice of accounting.

Judgement and approach
6. Reflect critically upon underlying theories, concepts, assumptions and arguments in accounting and assess how perspectives can change depending on different theoretical points of departure.

Please Note !


There will be no new admissions to this course.


Course title:
Accounting Theory
Semester: Autumn term 2018
Study period: 1
Rate of studies: 100%
Level: Graduate level (second cycle)
Credits: 7.5
Language of instruction: English

Contact:


Course coordinator:
Toivo Lepp
Head of course:
Pontus Hedlin

Teachers: