Module Identifier ACM1020  
Academic Year 2003/2004  
Co-ordinator Professor Kevin M P Holland  
Semester Semester 1  
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 TypeAssessment Length/DetailsProportion
Semester Exam3 Hours  80%
Semester Assessment assessed essay  20%

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.


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.

Reading Lists

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


This module is at CQFW Level 7