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AC3049: FINANCIAL ACCOUNTING 3 (2020-2021)

Last modified: 05 Aug 2021 13:04


Course Overview

This course builds upon the material in Financial Accounting 2.  The aim of the course is to strengthen practical and analytical accounting skills through the study of accounting problems and to develop the ability to critically appraise conventional accounting practice through an understanding of alternative accounting theories and their application to topical issues in financial accounting.

Course Details

Study Type Undergraduate Level 3
Session First Sub Session Credit Points 15 credits (7.5 ECTS credits)
Campus Aberdeen Sustained Study No
Co-ordinators
  • Dr Naser Makarem

Qualification Prerequisites

  • Either Programme Level 3 or Programme Level 4

What courses & programmes must have been taken before this course?

  • Any Undergraduate Programme (Studied)
  • Either Accountancy (AC) (Studied) or Finance (FI) (Studied)
  • AC2530 Financial Accounting 2 (Passed)
  • Either Programme Level 3 or Programme Level 4

What other courses must be taken with this course?

None.

What courses cannot be taken with this course?

None.

Are there a limited number of places available?

No

Course Description

Building upon the material in Financial Accounting 2, the course examines in greater detail theoretical frameworks applicable to financial reporting. Conceptual frameworks and income theory are used to critically evaluate the accounting treatment of assets and liabilities and the measurement of performance with particular emphasis being placed upon controversial areas of financial reporting.


In light of Covid-19 this information is indicative and may be subject to change.

Contact Teaching Time

Information on contact teaching time is available from the course guide.

Teaching Breakdown

  • 1 Seminar during University weeks 11, 11, 13, 13, 15, 15, 17, 17

More Information about Week Numbers


In light of Covid-19 and the move to blended learning delivery the assessment information advertised for second half-session courses may be subject to change. All updates for second-half session courses will be actioned in advance of the second half-session teaching starting. Please check back regularly for updates.

Summative Assessments

5x MCQ tests (40%, best 4 count 10% each)

1x 1500-word essay (60%)

Alternative Resit Arrangements for students taking course in Academic Year 2020/21

Resit: 1,500 word essay (100%)

Formative Assessment

There are no assessments for this course.

Course Learning Outcomes

Knowledge LevelThinking SkillOutcome
FactualRememberILO’s for this course are available in the course guide.

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