Accounting Theory

Course Code: ACCT 4500

Academic Year: 2020-2021

This course provides a theoretical evaluation of the objectives and standards of financial reporting as applied in contemporary income determination and assets and equity valuation. This course includes in-depth treatment of current issues and problems in accounting, covering topics such as the contributions of economics, finance and other disciplines to accounting theory; the practical and theoretical problems of the present value model; foreign exchange accounting; hedging; the process and issues of standard setting; and agency theory, paying particular attention to areas of theoretical controversy. This course involves research, analysis, writing, presentation and group skills demonstrated through preparation of research papers and group discussions and presentations.