Business and technology qualifications, Levels 3-6, in Brussels. Explore qualifications
Portal login
Level 7 Diploma in Accounting and Finance

Conceptual and Theoretical Underpinnings of Accounting

AF702 · Corporate Reporting — Week 3 of 16

CourseAF702
Week3 of 16
SemesterI
TutorOnline in the course chat

This week’s topics

Conceptual and Theoretical Underpinnings of Accounting

  1. Conceptual framework for financial reporting
  2. Positive accounting theory and agency theory
  3. Qualitative characteristics of financial data
  4. Fair value versus historical cost measurement
  5. Urooj Khan: Fair Value Accounting
  6. Corporate Governance: Agency Theory
  7. Urooj Khan: The Impact of Fair Value Measurement on Systemic Risk Analysis

What you will be able to do

  • 2.1 Explain key accounting concepts, principles and theories.
  • 2.2 Analyse the importance of accounting concepts, principles and theories.

Activity

Start with this week’s 3 videos, then: Seminar, guided reading and a short written task: explain key accounting concepts, principles and theories.

Study materials

Videos

  • Urooj Khan: Fair Value Accounting · YouTube · Columbia Business School · 19 min · for registered students
  • Corporate Governance: Agency Theory · YouTube · Galton College · 34 min · for registered students
  • Urooj Khan: The Impact of Fair Value Measurement on Systemic Risk Analysis · YouTube · Columbia Business School · 25 min · for registered students
  • Introduction to the revised Conceptual Framework · YouTube · IFRS Foundation · 52 min · for registered students

Further resources

  • Conceptual Framework for Financial Reporting: Project Summary (IASB, March 2018) · PDF · Other, guidance · for registered students
  • Intermediate Financial Accounting Vol. 1, Lyryx 2021-A, ch. 2: Why Accounting? · PDF · Other, textbook chapter; pp. 5–36 · for registered students
  • Transparency, Financial Accounting Information, and Corporate Governance · PDF · Reading, article · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
Week 2Week 4
Course chat

Admitted students ask questions on this week’s page in the student portal: an AI assistant trained on the course answers first, and during the course’s timetabled classes Connect to your tutor brings your tutor into the chat, who may start a call if needed.

Open this week in the portal
Course plan
  • Week 1: Regulatory Frameworks in Corporate Reporting
  • Week 2: Abuse, Creative Accounting, and Ethical Failures
  • Week 3: Conceptual and Theoretical Underpinnings of Accounting
  • Week 4: Corporate Accounting Policies and Application
  • Week 5: Preparation of Primary Financial Statements
  • Week 6: Group Financial Reporting and Consolidation
  • Week 7: Financial Performance Interpretation and Ratio Analysis
  • Midterm: Midterm evaluation
  • Week 9: Critical Assessment of Published Corporate Reports
  • Week 10: Sector-Specific Accounting Frameworks
  • Week 11: Critical Evaluation of Specialized Industry Accounting
  • Week 12: Applying Corporate Reporting in practice: case studies
  • Week 13: Assignment workshop: research, planning and referencing
  • Week 14: Assignment workshop: drafting, feedback and improvement
  • Week 15: Review and coursework completion
  • Final: Final assessment and submission
Back to the course
Scroll