Accounting Theory and Policy

Course description

This course is presented with a view toward a theoretical orientation with contributions from other disciplines including economics and finance. Standards such as reserve recognition, management discussion and analysis, employee stock options, post employment benefits, financial instruments, ceiling tests, hedge accounting and comprehensive income are critically evaluated. Integration of Canadian and U.S. standards with those of the International Accounting Standards Board is presented to facilitate the transition toward the adoption of IASB standards in 2011 for public companies. Practical and theoretical problems of the present value model, foreign exchange accounting, the process and issues related to standard setting, agency theory and other topics relevant to current events are discussed.

Course details