Financial Accounting Theory

Kamran Pakizeh, PhD, Major: Accounting, Minor: Finance.

E-mail: k.pakizeh@ses.ac.ir
Department of Accounting and Finance, School of Economic Sciences, Taleghani St,
Jahan, Tehran.
Tel:+98- 21- 77622708
Course Objective
This course discusses important accounting theories. It provides theoretical framework
for financial accounting and reporting. Besides its theoretical orientation, the course
discusses accounting in an economic setting.
Text Book and other materials:
Required
Main: Accounting Theory, Conceptual Issues in a Political and Economic Environment
by Harry Wolk et al, 2007.
Accounting Theory by Hendriksen, 1992.
Accounting Theory by Ahmed Riahi-Belkaoui,2005.
Recommended
Kuhn, Thomas S. "The Structure of Scientific Revolutions," The University of Chicago Press,
Chicago IL, 1970.

Method of Instruction
Varieties of teaching methods are used, including lectures, case analysis and written
assignments. Discussion of accounting theory in an economic setting is an important part
of the course.
Grading Policy:
Class Discussion
Seminar
Paper
Final Exam

5%
20%
20%
55%

Financial Accounting Theory

Course Content:
1. ACCOUNTING THEORIES, METHODOLOGY, STRUCTURE AND CONCEPTS
2. ACCOUNTING THEORY AND ACCOUNTING RESEARCH
3.DEVELOPMENT
ACCOUNTING

OF

THE

INSTITUTIONAL

STRUCTURE

OF

FINANCIAL

4. THE ECONOMICS OF FINANCIAL REPORTING REGULATION

5. POSTULATES, PRINCIPLES, AND CONCEPTS
6. THE SEARCH FOR OBJECTIVES ASOBAT
7. THE FASBS CONCEPTUAL FRAMEWORK
8. USEFULNESS OF ACCOUNTING INFORMATION TO INVESTORS AND CREDITORS
9. UNIFORMITY AND DISCLOSURE: SOME POLICY-MAKING DIRECTIONS
10. INTERNATIONAL ACCOUNTING
11. THE BALANCE SHEET
12. INCOME STATEMENT
13. STATEMENT OF CASH FLOWS
14. ACCOUNTING FOR CHANGING PRICES AND INFLATION