5242 (v.8) Accounting (Financial Theory) 561

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Area:	School of Accounting
Contact Hours:	3.0
Credits:	25.0
Seminar:	1 x 3 Hours Weekly
Financial accounting theory. A review of attempts to develop a conceptual framework in accounting and the need for such a framework to develop accounting standards. The regulatory mechanisms in the UK, USA and Australia, and their effectiveness. Aspects of the allocation problem, and capital maintenance concepts.