Issues in Financial Reporting

The details
Essex Business School
Colchester Campus
Postgraduate: Level 7
Thursday 03 October 2024
Friday 13 December 2024
20 June 2023


Requisites for this module



Key module for

MRESN40212 Accounting,
MRESN40224 Accounting,
MSC N42012 Accounting and Finance,
MPHDN40048 Accounting,
PHD N40048 Accounting,
MACCN440 Accounting and Finance,
MACCN441 Accounting and Finance (Including Placement Year),
MACCN442 Accounting and Finance (Including Year Abroad)

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 role of financial statements for markets, management and other stakeholders will be critically evaluated.

Module aims

The aim of this module is help students achieve and demonstrate a critical understanding of major current issues in financial accounting and reporting.

Module learning outcomes

By the end of this module, students will be expected to 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.

Skills for Your Professional Life (Transferable Skills).

  1. Improve your written communication skills by writing essays.

  2. Improve your oral communication skills by engaging in class discussions and delivering oral presentations.

  3. Improve teamwork collaboration by preparing class presentations.

Module information

No additional information available.

Learning and teaching methods

This module will be delivered via:

  • One 2-hour session per week, This is a ten week module. usually be split into the lecture and seminar/class.

Classes are a mix of open class discussions, discussions of academic papers. All students are expected to come prepared.


This module does not appear to have a published bibliography for this year.

Assessment items, weightings and deadlines

Coursework / exam Description Deadline Coursework weighting
Coursework   2,500 word essay    100% 
Exam  Main exam: In-Person, Closed Book, 120 minutes during Summer (Main Period) 
Exam  Reassessment Main exam: In-Person, Closed Book, 120 minutes during September (Reassessment Period) 

Exam format definitions

  • Remote, open book: Your exam will take place remotely via an online learning platform. You may refer to any physical or electronic materials during the exam.
  • In-person, open book: Your exam will take place on campus under invigilation. You may refer to any physical materials such as paper study notes or a textbook during the exam. Electronic devices may not be used in the exam.
  • In-person, open book (restricted): The exam will take place on campus under invigilation. You may refer only to specific physical materials such as a named textbook during the exam. Permitted materials will be specified by your department. Electronic devices may not be used in the exam.
  • In-person, closed book: The exam will take place on campus under invigilation. You may not refer to any physical materials or electronic devices during the exam. There may be times when a paper dictionary, for example, may be permitted in an otherwise closed book exam. Any exceptions will be specified by your department.

Your department will provide further guidance before your exams.

Overall assessment

Coursework Exam
50% 50%


Coursework Exam
50% 50%
Module supervisor and teaching staff
Dr John Malagila, email:
Dr John Malagila & Prof Henry Agyei-Boapeah;



External examiner

Mr Ian Dewing
Available via Moodle
Of 22 hours, 22 (100%) hours available to students:
0 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

* Please note: due to differing publication schedules, items marked with an asterisk (*) base their information upon the previous academic year.

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