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Unit information: Accounting and Capital Markets in 2022/23

Please note: It is possible that the information shown for future academic years may change due to developments in the relevant academic field. Optional unit availability varies depending on both staffing, student choice and timetabling constraints.

Unit name Accounting and Capital Markets
Unit code EFIMM0010
Credit points 15
Level of study M/7
Teaching block(s) Teaching Block 2 (weeks 13 - 24)
Unit director Dr. Korczak
Open unit status Not open
Pre-requisites

none

Co-requisites

none

School/department School of Accounting and Finance
Faculty Faculty of Social Sciences and Law

Description

The module's aims are to provide a critical examination of the role of accounting information in capital markets and to focus on the theoretical and empirical evidence on how accounting information is used in investment decisions. In addition, the module examines how accounting can resolve information asymmetries between capital providers and management, thus addressing the stewardship and contracting roles of accounting information.

Intended learning outcomes

On completion of the module, students should be able to:

  • Appraise accounting information through a capital market lens
  • Critically discuss the academic research on the use and usefulness of accounting based valuation models
  • Understand how accounting information is analysed in the broader industrial and economic context
  • Use and evaluate accounting-based models in the estimation of credit default risk
  • Understand how financial statements are used in contracts between capital providers and managers
  • Critically evaluate the potential conflicts that can arise between the contracting and valuation roles of accounting information

Teaching details

Teaching will be delivered through a combination of synchronous and asynchronous sessions including lectures, tutorials, drop-in sessions, discussion boards and other online learning opportunities

Assessment Details

This unit will be assessed by 100% coursework

Resources

If this unit has a Resource List, you will normally find a link to it in the Blackboard area for the unit. Sometimes there will be a separate link for each weekly topic.

If you are unable to access a list through Blackboard, you can also find it via the Resource Lists homepage. Search for the list by the unit name or code (e.g. EFIMM0010).

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