Yarmouk University
Faculty of Economics & Administrative Sciences
Department of Accounting
COURSE SYLLABUS
Course Title: ACCOUNTING THEORY & INTERNATIONA STANDARDS
Course Code: ACC 480
Prerequisite: ACC 202 (Intermediate Accounting 2)
Instructor:
NAME
Professor
Ahmad AlOmari
OFFICE
NO.
231A
OFFICE
PHONE
7211111
Ext.
6350/6351
OFFICE
HOURS
9 -10 STTh
9:30-10:30MW
or by
appointment
E-MAIL/URL
aalomari@yu.edu.jo
http://faculty.yu.edu.jo/aalomary
1. Intended Learning Objectives
A critical and analytical argument of various fruitful and topical issues currently emerging at the
theoretical level related specifically to the field of financial accounting with the following specific
objectives:
a- Knowledge and Understanding
The course's main theme is the latest developments in theorization and theory construction and
validation. This should be achieved from an accounting perspective.
b- Subject Specific Skills
Clearly specify the formulation and verification of accounting theories.
c- Intellectual Skills
First: General Topics (the thrust of the course)
-
A clear demarcation between positive and normative accounting
theories.
- A clear demarcation between inductive and deductive logic used in
accounting theory construction and verification.
- A clear sketching of various approaches to accounting theory construction and verification.
-
Analysis and criticisms of the general structure of accounting theory
Second: Specific Topics (the application and the relevance of the main
theme)
-
The nature and uses of accounting including the logic behind double-entry accounting system
Historical accounting developments through the evolutionary and
revolutionary approaches since ancient civilization until current time.
- Standard-setting process through various regulatory approaches (the free-market, the privatesector and the public sector approaches)
- The phenomenon of income smoothing
- Accounting valuation approaches (historical cost accounting, general-price-level accounting,
replacement cost accounting and exit value accounting).
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2. Main Textbooks
A R Belkaoui, Accounting Theory, 5th Edition, Thomson Learning, 2004.
A Mirza, G Holt, and L Knorr, Wiley IFRS: Practical Implementation Guide and Workbook, 3rd
Edition, John Wiley and Sons, 2011.
3. Supplementary Textbooks
T Doupnik and H Perera, International Accounting, McGraw-Hill International Edition, 2007.
Keith Alfredson, Ken Leo, Ruth Picker, Janice Loftus, Kerry Clark, & Victoria Wise, Applying
International Financial Reporting Standards, 2nd Edition, John Wiley & Sons Australia, Ltd, 2009.
Kieso, Weygandt and Warfield, Intermediate Accounting, 13th edition, John Wiley & Sons, 2010.
C Deegan and J Unerman, Financial Accounting Theory, First European Edition, McGraw-Hill,
2006.
Vernon Kam, Accounting Theory, 2nd Edition, John Wiley and Sons, 1990.
4. Course Outline
Chapter
Topics to be covered
Weeks assigned
Belkaoui
Ch.1
Belkaoui,
Ch.2
Belkaoui
Ch.4
The History and Development of Accounting
1.5
The Nature and Uses of Accounting
1.5
The Traditional Approaches to the Formulation of
Accounting Theory
1
Belkaoui,
Ch.5
The Regulatory Approach to the Formulation of an
Accounting Theory
1
Belkaoui,
Ch.6
A conceptual Framework for Financial Accounting
and Reporting
1
Kieso et al
Ch.2
Doupnik &
Perera, Ch.2
Doupnik &
Perera, Ch.3
Mirza et al
Ch.1
Mirza et al
Ch.2
Mirza et al
Ch.3
Mirza et al
Ch.4
Conceptual Framework for Financial Reporting
Worldwide Accounting Diversity
International Harmonization of Financial Reporting
1.5
1
1.5
Introduction to International Financial Reporting
Standards
1
IASB Framework
1
Presentation of Financial Statements (IAS 1)
1
Inventories (IAS 2)
1
2
5. Course Assessment
The course will be assessed as follows:
First Exam
Second Exam
Quiz, case study,
participation and assignments
Final exam
20 %
20%
10 %
50%
Exams will be made of multiple choices, exercises, problems and cases
6. Teaching Methods
The course will be based on the following teaching and learning activities:
 Lectures,
 Discussions,
 Exercises
 Case studies
7. University Regulations:
A. Withdrawal from Courses
A student may withdraw from a course, as long as the academic load does not fall below 12 credits for
a full time student. There are exceptional cases in which a full time student may carry less than 12
credit hours.
B. Attendance, Participation & Assignments Policies
Regular class attendance and class participation are necessary for successful completion of the course.
A student whose absence exceeds SEVEN hours of lectures UTH (5 lectures MW) will be dismissed
according to the university's regulations. While attendance will indirectly be considered in the
determination of the participation mark, it will be used to influence the grade in marginal situations.
You have the responsibility to contribute toward the learning, expected contributions include
preparing the topics, arriving to class with assignments completed to the best of your ability,
entering into class discussion and posing questions about course material you do not adequately
understand. Assignments are to be submitted next lecture from which they are given.
You are expected to be in the classroom before it begins. If it is necessary for you to arrive up
to 5-minutes-late to class, please enter the room quietly from a rear door – if available - to minimize
disruption. However, 3 times of late arrivals are considered ONE absence for record purposes. If you
are absent from a class session, it is your responsibility to become fully familiar with any
information presented during that session. In this case, I recommend that you contact me.
C. ACADEMIC INTEGRITY
Students are expected to do their academic work without unauthorized help of any kind.
Cheating, plagiarism or any other proven academic irregularity must be reported by the
faculty member concerned to the Academic Disciplinary Committee for appropriate action.
GOOD LUCK
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