UTB050 | An Introduction To Accounting Theory

Level | Basic

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The course aims to develop the readers' ability to think critically about accounting. Accounting theory is covered succinctly and clearly, including all new developments such as integrated accounting. The course helps to provide students and professionals with the theoretical background they need to keep up with convergence issues and succeed in today's increasingly global economy. It begins by explaining what theory is, why and how agency theory underpins accounting and how to distinguish positive from normative theories. The book covers the IASB conceptual framework and its changing emphases, how accounting standards fit within the framework, and how standards exemplify theories of regulation, Capital market theory for accounting professional