ACC3023 : Accounting Theory
- Offered for Year: 2024/25
- Available to incoming Study Abroad and Exchange students
- Module Leader(s): Mrs Joanne Parker
- Owning School: Newcastle University Business School
- Teaching Location: Newcastle City Campus
Semesters
Your programme is made up of credits, the total differs on programme to programme.
| Semester 1 Credit Value: | 10 |
| ECTS Credits: | 5.0 |
| European Credit Transfer System | |
Aims
The module will allow students to
1. Apply the requirements of international financial reporting standards to single company and consolidated financial statements.
2. Describe the main features of the UK Corporate Governance Code.
3. Identify ethical threats and create appropriate safeguards to mitigate those threats.
4. Prepare financial statements for single and group companies.
7. Critically evaluate the culture of an organisation in the quality of corporate governance.
8. Critically evaluate ethical issues within a scenario and conclude their impact on the organisation, selecting appropriate safeguards where threats are determined.
Outline Of Syllabus
The conceptual framework
The regulation of financial accounting
The need for Corporate Governance
Ethical considerations
Critical perspectives on accounting
Consolidation and Group Accounting with inter-company trading, fair value adjustments, Associates and Joint Ventures
Teaching Methods
Teaching Activities
| Category | Activity | Number | Length | Student Hours | Comment |
|---|---|---|---|---|---|
| Guided Independent Study | Assessment preparation and completion | 1 | 30:00 | 30:00 | N/A |
| Scheduled Learning And Teaching Activities | Lecture | 7 | 2:00 | 14:00 | 7 PiP lecture in Semester 1 |
| Guided Independent Study | Directed research and reading | 1 | 24:00 | 24:00 | N/A |
| Scheduled Learning And Teaching Activities | Workshops | 3 | 1:00 | 3:00 | 3 PiP seminars in Semester 1 |
| Guided Independent Study | Independent study | 1 | 29:00 | 29:00 | N/A |
| Total | 100:00 |
Jointly Taught With
| Code | Title |
|---|---|
| ACC3001 | Advanced Financial Accounting and Reporting |
Teaching Rationale And Relationship
Lectures introduce students to the module material. Students are given a programme of required reading to supplement the lectures and are also encouraged to read around the subject as widely as possible.
Assessment Methods
The format of resits will be determined by the Board of Examiners
Exams
| Description | Length | Semester | When Set | Percentage | Comment |
|---|---|---|---|---|---|
| Written Examination | 90 | 1 | A | 100 | 90 minute written exam |
Formative Assessments
Formative Assessment is an assessment which develops your skills in being assessed, allows for you to receive feedback, and prepares you for being assessed. However, it does not count to your final mark.
| Description | Semester | When Set | Comment |
|---|---|---|---|
| Prob solv exercises | 1 | M | Seminar questions provided |
Assessment Rationale And Relationship
The closed book exam tests students' understanding of some essential technical aspects of financial accounting and reporting taught in Semester 1. Written communication skills are also tested. The exam takes place at the end of Semester 1, usually around mid-December, in case Study Abroad students return home in the Winter break and are not available to sit an in person examination. The exam is only available to Semester 1 Study Abroad students. The take-home examinations are not a suitable alternative assessment as all exams for ACC3023 which is jointly taught with ACC3001 Financial Accounting must be invigilated and the nature of take home exams prevent this.
Reading Lists
Timetable
- Timetable Website: www.ncl.ac.uk/timetable/
- ACC3023's Timetable