Module Identifier ACM1020  
Academic Year 2001/2002  
Co-ordinator To Be Arranged  
Semester Semester 2 (Taught over 2 semesters)  
Pre-Requisite Registered on the MSc Accounting and Finance  
Course delivery Lecture   2 per week over Semester 1 and 2  
  Seminars / Tutorials   2 per week over Semester 1 and 2  
Assessment Semester Exam   3 Hours   80%  
  Semester Assessment     20%  


The module is an advanced level study of financial accounting in an information economics setting. The module is a combination of two existing MSc level financial accounting modules and will be core on the revised MSc Accounting and Finance scheme. The module will not be available to students registered on other degree schemes.

Brief description

The module is concerned with the role of financial information in an uncertain world, the pricing of information systems and the signaling role of information with the context of disclosure choice. In addition, the module will examine the use of validation modules in financial reporting and their application in an accounting standard setting.

Learning outcomes

On completion of this module students should be able to: Critically evaluate (1) the contrasting normative and economic commodity approaches to the study of accounting information, (2) the link between economic income and financial reporting. (3) the application of (2) to standard selling, (4) information as a commodity and its value in an uncertain world, (5) disclosure choice and signaling theory and (6) time series analysis of financial reporting and its predictive role.

Reading Lists

Bromwich, M.. (1992) Financial Reporting, Information and Capital Markets. Pitman
Beaver, W.. (1998) Financial Reporting: An Accounting Revolution. 3rd Ed. Prentice Hall