Advanced Financial Accounting
University of Glasgow
Area of Study
Taught In English
Management Accounting 2, or equivalent.
Course Level Recommendations
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
Recommended U.S. Semester Credits5
Recommended U.S. Quarter Units7
Hours & Credits
OverviewShort DescriptionThis course covers financial accounting practice for a selection of current and complex topics. Both the accounting practice is explained and the implication of the relevant accounting standard is criticallyappraised, with a view to developing thorough knowledge and critical understanding of applicable accounting principles, concepts, and regulations.Course AimsThis course builds upon Financial Accounting 2. It aims to critically examine current financial accounting theory and practice for a selection of advanced topics, many of which are subject to current debate and review by the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) in the US. The course seeks to develop a thorough knowledge and understanding of the accounting principles, concepts, regulations and practices, applicable to selected topics. An important aim of the course is to develop skills of critical analysis through the study of relevant research papers on financial accounting topics.Intended Learning Outcomes of CourseBy the end of this course students should be able to:1. Explain the financial reporting requirements for a range of current accounting issues.2. Solve relatively complex problems of financial accounting practice, by the selection and application of appropriate accounting principles, concepts, and practices.3. Interpret financial statement information identifying critical issues, numbers and underlying assumptions.4. Critically evaluate the ongoing debates and differences of opinion in relation to current accounting practices.The learning outcomes for the course will be expressed across a range of topics, selected on the basis of their relevance to current financial accounting practice, issues and debates.
Courses and course hours of instruction are subject to change.
Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.
ECTS (European Credit Transfer and Accumulation System) credits are converted to semester credits/quarter units differently among U.S. universities. Students should confirm the conversion scale used at their home university when determining credit transfer.
Please note that some courses with locals have recommended prerequisite courses. It is the student's responsibility to consult any recommended prerequisites prior to enrolling in their course.