| CODE | ACC3132 | |||||||||
| TITLE | Financial Reporting and the Public Sector 4 | |||||||||
| UM LEVEL | 03 - Years 2, 3, 4 in Modular Undergraduate Course | |||||||||
| MQF LEVEL | 6 | |||||||||
| ECTS CREDITS | 6 | |||||||||
| DEPARTMENT | Accountancy | |||||||||
| DESCRIPTION | This study-unit delves into the development of Accounting Theory (both deductive and inductive theories) and explores behavioural research in Accounting. Further areas covered are approaches to the measurement of income, asset valuation bases, capital maintenance concepts, and the relevance/variations of these topics in a public sector context. The characteristics of historical cost accounting, current purchasing power, accounting, and current cost accounting are described. The study-unit shall also explore further issues/developments related to financial reporting, in particular, corporate social responsibility reporting; human resource accounting; employee reporting; integrated reporting and popular reporting. Study-unit Aims: The aim of this study-unit is to consolidate prior knowledge of financial reporting, by exposing the students to theoretical arguments, accounting literature, and emerging financial reporting practices. The study-unit thus aims to develop the argumentative faculties of the students regarding accounting concepts and practices, as applicable in the public sector context. Learning Outcomes: 1. Knowledge & Understanding By the end of the study-unit the student will be able to: - Distinguish between deductive and inductive theories of accounting; - Describe different approaches to the measurement of income; - Explain the different bases used for asset valuation; - Identify the advantages and disadvantages of different types of accounting systems (historical cost; current purchasing power; and current cost). 2. Skills By the end of the study-unit the student will be able to: - Provide advice regarding the applicable approach to measure income and value assets; - Prepare outlines for different types of reports, for example, corporate social responsibility reports; employee reports; integrated reports; and popular reports. Main Text/s and any supplementary readings: - Accounting Theory (latest edition) J. Godfrey, A. Hodgson, S. Holmes, A. Tarca; Wiley - International Financial Reporting 鈥� A Practical Guide (latest edition) Alan Melville, Prentice Hall - Maltese Legislation and publications dealing with financial reporting. Relevant articles from international accounting journals. |
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| ADDITIONAL NOTES | Pre-Requisite Study-unit: ACC2293 | |||||||||
| STUDY-UNIT TYPE | Lecture & Independent Online Learning | |||||||||
| METHOD OF ASSESSMENT |
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| LECTURER/S | William Edward Peplow |
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The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2025/6. It may be subject to change in subsequent years. |
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