Issues in Financial Reporting

The details
Essex Business School
Colchester Campus
Postgraduate: Level 7
Thursday 03 October 2019
Saturday 14 December 2019
24 September 2019


Requisites for this module



Key module for

MRESN40212 Accounting,
MSC N40012 Accounting,
MSC N42012 Accounting and Finance,
MSC N40112 Accounting and Management,
MPHDN40048 Accounting,
PHD N40048 Accounting

Module description

This module aims to develop an awareness of the literature relating to financial reporting theory; the problematic nature of accounting measurements and disclosures; corporate disclosure regulation; the market valuation implications of 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.

Module aims

This module aims to help students achieve and demonstrate a critical understanding of major current issues in financial accounting and reporting.

Module learning outcomes

On successful completion of the module, students will 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

Skills for Your Professional Life (Transferable Skills):

• 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.

Module information

No additional information available.

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 a 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.


This module does not appear to have any essential texts. To see non-essential items, please refer to the module's reading list.

Assessment items, weightings and deadlines

Coursework / exam Description Deadline Weighting
Coursework   2,500 word essay    100% 
Exam  1440 minutes during Summer (Main Period) (Main) 

Overall assessment

Coursework Exam
50% 50%


Coursework Exam
50% 50%
Module supervisor and teaching staff
Dr Muhammad Atif, email:
Dr Osamuyimen Egbon, email:
Muhammad Atif, Osamuyimen Egbon



External examiner

Dr Mohamed Karim Sorour
Northumbria University
Associate Professor of Accounting/ Head of Accounting Subject
Available via Moodle
Of 39 hours, 20 (51.3%) hours available to students:
19 hours not recorded due to service coverage or fault;
0 hours not recorded due to opt-out by lecturer(s).


Further information
Essex Business School

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