The University of Jordan
Department: Accounting
Faculty: Business
Semester: second semester
Academic Year: 2014/2015
Accounting theory (1602722)
----------------------------------------------------------------------------------------------------------Credit hours
3
Level
instructor
Dr. Ali AL-attar
E-mail
Alimms29@yahoo.com
Prerequisite
None
Office hours
Day/Time
Sunday
Monday
Tuesday
Wednesday
Thursday
Course Description
The course provides a balanced discussion of the theoretical and procedural aspects of financial
accounting. Topics include the income concepts, the income statement, the balance sheet, the
statement of cash flows, international accounting standards, the working capital, leases, theories
of equity, and the financial reporting disclosure requirements.
Learning Objectives
This course aim to achieve the following objectives:
1- Examine the development of accounting theory and the methodology used by
accounting theorists
2-Describe and critically analyze a framework of accounting concepts, including
assets, liabilities and income
3-Study specific issues in financial accounting including the development of
accounting standards, accounting theory, current measurement issues, and to
consider topical accounting issues
Upon the completion of this course the students expected to
1-Understand the evolution of accounting thought and the conceptual
framework of accounting and accounting organization attempts on the scientific
nature of accounting and research methods
2- understand the development of conceptual framework project and accounting
standard setting
3- To evaluate accounting policy alternatives with respect to the Conceptual
Framework of the FASB, other accounting paradigms, and the point of view of
the various accounting constituencies.
Intended Learning Outcomes (ILOs):
Successful completion of the course should lead to the following outcomes:
A. Knowledge and Understanding: Student is expected to
A1- Understand the evolution of accounting thought and the conceptual framework of
accounting and accounting organization attempts on the scientific nature of accounting and
research methods
A2- understand the development of conceptual framework project and accounting standard
setting
A3- expose students to specific accounting practices in financial accounting and reporting
B. Intellectual Analytical and Cognitive Skills: Student is expected to
B1- To evaluate accounting policy alternatives with respect to the Conceptual Framework of the
FASB, other accounting paradigms, and the point of view of the various accounting
constituencies.
B2-Be able to think critically about underlying theories, concepts, assumptions and arguments in
accounting
B3- Critically evaluate and discuss the role of positive accounting theory in explaining and
predicting accounting policy choice, the behaviour of the capital markets and the behaviour of
relevant individuals, including ethical issues that may arise.
c.Subject- Specific Skills: Students is expected to
C1- Be able to apply understanding of accounting principles and knowledge of accounting
techniques to solve financial reporting problems
C2- Apply a conceptual approach to the definition and measurement of assets, liabilities, income,
expenses, and equity.
C3- Discuss theoretical concepts and principles embodied in specific accounting standards
D.Transferable Key Skills: Students is expected to
D1- Be able to effectively utilize oral and written communication skills to further learning and
impart understanding of accounting issues to others; andD2- Work effectively as a team member
in analyzing marketing issues
D2- Research, analyse and discuss contemporary financial accounting issues, formulate wellreasoned and coherent arguments and reach well-considered conclusions in relation to those
issues.
ILOs: Learning and Evaluation Methods
ILO/s
Learning Methods
Evaluation Methods
Teaching Method
ILo/s
Lectures and Discussions,
Homework and
Assignments, Projects,
Presentation.
Exam, Quiz,
presentation, project,
assignments.
Course Contents
Content
Week
ILO/s
1+2
A1
The Pursuit of the Conceptual MR- Ch 2
Framework
3+4
A2+B1+C2
INTERNATIONAL ACCOUNTING
5
A3+C3
Research Methodology And MR-Ch 4
Theories On The Uses Of
Accounting Information
6+7
A1+B2+B3
INCOME CONCEPTS
MR-Ch 5
8
B2+c1
Mid-term exam
8
MR-Ch.6
9
C3+C2+B1+A3
FINANCIAL STATEMENTS II
MR-Ch. 7
10
C3+C2+B1+A3
WORKING
CAPITAL
MR-Ch. 8
11
C3+C2+B1+A3
THE
DEVELOPMENT
ACCOUNTING THEORY
Financial Statements I:
Reference
OF MR**- Ch1
MR- Ch 3
The Income Statement
LONG TERM ASSETS I:
PROPERTY, PLANT AND
EQUIPMENT
MR-Ch. 9
12
C3+C2+B1+A3
LONG-TERM ASSETS II:
MR-Ch.10
13
C3+C2+B1+A3
MR-ch.11
14
C3+C2+B1+A3
15
D1+D2
INVESTMENTS AND
INTANGIBLES
LONG-TERM
LIABILITIES
Presentation the projects
Final Exam
16
*some adjustments could happen according to the weeks due to the exams, quizzes and the project due date.
** Main reference
Projects and Assignments
.
Evaluation
Evaluation
Point %
Midterm Exam
30
Project and Presentation
30
Quiz
0
Final Exam
40
Date
Main Reference/s:
Financial accounting theory and analysis : text and cases, RICHARD G. SCHROEDER , et
al. 11 edition.
References:
1- Financial Accounting Theory, Deegan, Craig . 2014
2- Financial Accounting Theory, Scott, William R., 2014
3- Understanding IFRS Fundamentals /International Financial Reporting Standards, Mirza, Abbas A.
et al.2015
Notes:


Concerns or complaints should be expressed in the first instance to the module lecturer; if
no resolution is forthcoming, then the issue should be brought to the attention of the module
coordinator (for multiple sections) who will take the concerns to the module representative
meeting. Thereafter, problems are dealt with by the Department Chair and if still unresolved
the Dean and then ultimately the Vice President.For final complaints, there will be a
committee to review grading the final exam.
For more details on University regulations please visit:
http://www.ju.edu.jo/rules/index.htm