Issues and Controversies in Financial Accounting: Course Outline

Introductory Lecture

Understanding the basic terms used in financial reporting

Capitalism and Economic Assumptions

Corporate Annual Reports

The objective of Capitalism and Distributive Justice

Accounting and Financial Reporting, as a product of Capitalism

The objective of Capitalism and Distributive Justice

Role of Accounting and Financial Reporting in distributive justice, and its impact on Humanity

Accounting and Reporting from the perspective of Reality

Ontology and Epistemology

Accounting and Reporting from the perspective of Reality

Absolute Reality Vs Social Construct

Articles Presentations:

Traditional approaches to the formulation of an accounting theory

Methodologies for the formulation of an accounting theory

Approaches to the formulation of an accounting theory

A conceptual  framework for financial accounting and reporting

The search for a conceptual framework: historical origins

The nature and goals of a conceptual framework

A conceptual  framework for financial accounting and reporting

Classification and conflicts of interest

The structure of the conceptual framework (issues)

The structure of Accounting Theory

The nature of the structure of an accounting theory

The nature of accounting postulates, theoretical concepts and principles

The structure of Accounting Theory

International Accounting Standard 18: Revenue

International Accounting Standard 18: Revenue

Underlying Assumption of Revenue Recognition and management opportunities for frauds

Articles and Presentations

Red Flags and Accounting Warning Signs

Red Flags and Accounting Warning Signs

Case Studies: Enron and Sunbeam

Earnings Quality: Measuring The Discretionary Portion Of Accruals

John and Modified John Model of earning management detection

Earnings Management Detection Modeling: A Methodological Review