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Unit information: Contemporary Issues in Accounting in 2021/22

Unit name Contemporary Issues in Accounting
Unit code EFIMM0033
Credit points 15
Level of study M/7
Teaching block(s) Teaching Block 1 (weeks 1 - 12)
Unit director Dr. Mariano Scapin
Open unit status Not open




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

Description including Unit Aims

This unit covers a range of important contemporary issues and topics in financial accounting and management accounting. It is designed to develop students’ appreciation of important academic and regulatory debates, drawing on the empirical and theoretical accounting literature on the complexities and conceptual antecedents and consequences of the issues covered.

The aims of this unit are to build on the material that students will have covered in their undergraduate studies with a view to illustrating the major conceptual and technical accounting issues of the day. Such issues include, but are not confined to, the Conceptual Framework for Financial Reporting, accounting for financial instruments, accounting for employee benefits, capital markets-based accounting research, theorising management control systems, controlling strategy and managing costs. The unit will consider the economic and social consequences of these issues and will discuss relevant contemporary accounting literature drawn from a variety of sources, based on both quantitative and qualitative research designs.

Intended Learning Outcomes

Having successfully completed this unit students should be able to:

  • Show an awareness of some of the main accounting issues faced by accounting researchers, businesses, accounting professionals and standard setters;
  • Appreciate some of the concepts and technical complexities underlying the issues studied in both financial and management accounting;
  • Discuss and critically evaluate the academic evidence on the contemporary issues covered in the unit;
  • Discuss the social and economic consequences of the issued covered, drawing on appropriate theoretical and empirical evidence.

Teaching Information

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 Information

This unit will be assessed by 100% individual coursework


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. EFIMM0033).

How much time the unit requires
Each credit equates to 10 hours of total student input. For example a 20 credit unit will take you 200 hours of study to complete. Your total learning time is made up of contact time, directed learning tasks, independent learning and assessment activity.

See the Faculty workload statement relating to this unit for more information.

The Board of Examiners will consider all cases where students have failed or not completed the assessments required for credit. The Board considers each student's outcomes across all the units which contribute to each year's programme of study. If you have self-certificated your absence from an assessment, you will normally be required to complete it the next time it runs (this is usually in the next assessment period).
The Board of Examiners will take into account any extenuating circumstances and operates within the Regulations and Code of Practice for Taught Programmes.