Durham University
Programme and Module Handbook

Undergraduate Programme and Module Handbook 2018-2019 (archived)


Department: Business School (Economics and Finance)


Type Tied Level 3 Credits 20 Availability Available in 2018/19 Module Cap None. Location Durham
Tied to NN43
Tied to N302
Tied to N304
Tied to N400
Tied to NN42
Tied to N204
Tied to N206
Tied to N404
Tied to N406
Tied to N403
Tied to N405
Tied to N407


  • Financial Accounting (ECOS1211) OR Corporate Financial Reporting (BUSS2071)


  • None.

Excluded Combination of Modules

  • None.


  • The module builds on the relevant core module by:
  • developing students' appreciation of the key principles of financial accounting and the associated frameworks;
  • developing students' appreciation of the limitations of financial accounting and of the possible extensions to the accounting framework;
  • developing knowledge about advanced accounting skills and concepts;
  • exploring the current environment in which business operates;
  • exploring contemporary issues in accounting.


  • The conceptual framework in financial accounting.
  • Limitations of financial reporting and possible developments to overcome these including narrative disclosure.
  • Advanced accounting technical skills and concepts, especially focusing on emerging key technical or conceptual accounting issues.
  • International accounting harmonisation.
  • The impact of technology on accounting.
  • Accounting ethics.
  • Environmental, social and integrated accounting.
  • Other contemporary issues in accounting as they emerge.

Learning Outcomes

Subject-specific Knowledge:
  • Have developed a critical appreciation of the key principles and concepts and limitations underpinning financial accounting.
  • Have developed a deep understanding of the current professional and academic debates affecting accounting.
  • Have explored and have an appreciation of recent academic literature in the field of contemporary issues in accounting.
Subject-specific Skills:
  • Have the ability to critically evaluate the uses and limitations of financial accounting.
  • Understand the current international accounting development agenda.
  • Be able to apply a range of advanced reporting interpretations to corporate reporting.
Key Skills:
  • Have demonstrated the ability to undertake, with appropriate guidance, independent investigation of defined topics in the field of accounting and to report the findings effectively.
  • Have developed the following key skills: written and interpersonal communication; planning and organising; problem solving; numeracy; and computer literacy.

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

  • Teaching is by lectures and seminars. Learning takes place through attendance at lectures, preparation for and participation in seminars, and private study.
  • Formative assessment is by means of a written assignment which takes the form of an essay on one of the key topic areas. This will allow students to develop their knowledge of the topic through research and also allow students to develop their essay writing skills in preparation for the summative examination questions.
  • Summative assessment is by means of a written examination and a written assignment which takes the form of a professional report which critically evaluates the disclosure or presentation of performance information of a FTSE listed company.

Teaching Methods and Learning Hours

Activity Number Frequency Duration Total/Hours
Lectures 21 1 weekly 1 hour 21
Seminars 8 4 in term 1, 4 in term 2 1 hour 8
Preparation and Reading 171
Total 200

Summative Assessment

Component: Examination Component Weighting: 70%
Element Length / duration Element Weighting Resit Opportunity
One written examination 2 hours 30 mins 100%
Component: Assignment Component Weighting: 30%
Element Length / duration Element Weighting Resit Opportunity
One written professional report 2000 words max 100%

Formative Assessment:

One written assignment (1500 words).

Attendance at all activities marked with this symbol will be monitored. Students who fail to attend these activities, or to complete the summative or formative assessment specified above, will be subject to the procedures defined in the University's General Regulation V, and may be required to leave the University