Sekolah Tinggi Ilmu Ekonomi YKPN

Program Magister Akuntansi

FINANCIAL ACCOUNTING THEORY

COURSE SYLLABUS
Facilitator:
Professor: Prof. Dr. Djoko Susanto, MSA., CA. Class hours: Monday 9:45 – 12:15
Phone: +62819-750-3990, +62816-68-3990 eMail: ykpnpasca@gmail.com

Participants (Grouping before Mid-exam) :

Group 1 Group 2 Group 3 Group 4 Group 5
Melling Andriani Ary P Yurinaya Aditya C Kusuma Alfonsus R Suninono Brillian H Rajaguguk
Maria AS Gusmao Bagus H Tawa Benediktus M RivaldoArta M Listyadevi Nurmelia Widiarini
Musroly Haibun LalelDhian Kristantiningtyas Zaini Nurwidiastuti Maria MMI Salo Rosi Setiyawati
Syafira E Pramasita Irawati Eugenius Besli Selvi L Naitili Ulfah A Sari
Group 6 Group 7 Group 8 Group 9 Group 10
Sixteen G Marbun Nizma Kahmad Dhea R Yunita Evie Yuanita Evieana R Saputri
Adelia NA Putri Fransisca DA Gayatri Fitria N Maulidya Ronald Tehupuring Fatha Mafazani
Rizka Y Rudatin Lazarus V Suyatno Kiko A Julito Agustina Riyanti Khairunnisa Bahman
Setiawati Linda Agustin Aditya Prayudha Delaisman Yohanis M Megong
Febriyani S. Dwi

Participants (Grouping after Mid-exam) :

Group A Group B Group C Group D
Melling Andriani Ronald Tehupuring Nurmelia Widiarini Evie Yuanita
Ary P Yurinaya Lazarus V Suyatno Selvi L Naitili Adelia NA Putri
Zaini Nurwidiastuti Fatha Mafazani Irawati Khairunnisa Bahman
Arta M Listyadevi Setiawati Maria AS Gusmao Linda Agustin
Brillian H Rajaguguk Kiko A Julito Eugenius Besli Aditya Prayudha
Group E Group F Group G Group H
Benediktus M Rivaldo Evieana R Saputri Dhian Kristantiningtyas Sixteen G Marbun
Alfonsus R Suninono Fransisca DA Gayatri Rosi Setiyawati Dhea R Yunita
Ulfah A Sari Rizka Y Rudatin Maria MMI Salo Yohanis M Megong
Syafira E Pramasita Fitria N Maulidya Musroly Haibun Lalel Nizma Kahmad
Bagus H Tawa Agustina Riyanti Aditya C Kusuma Delaisman
Febriyani S. Dwi

Course Objective
This course has two main goals. The first is to describe and explore various theories that
underlie financial accounting and reporting. The second in to explain and illustrate the relevance
of these theories to understand the practice of financial accounting and reporting. It covers the
major topics in financial accounting theory, including the economic models underlie financial
accounting and reporting, the portfolio theory and the efficient market theory, the economics of
imperfect information, the conflicts of manager and investor, the regulation and economic view
of accounting standard setting. The overall purpose of this course is to integrate and expand
upon the theories the students have learned and apply them to the solution of realistic financial
accounting and reporting.
Text and Reading Materials:
1. Scott, William R. Financial Accounting Theory. Seventh Edition. Toronto, Ontario: Pearson
Education Canada Inc. 2015 (S).
2. Wolk, Harry I., James L Dodd, John J. Rozycki. Accounting Theory: Conceptual Issues in a
Political and Economic Environment, 7th Ed, USA, Sage Publications, Inc. 2008 (W).
3. Journal articles and other relevant readings.

Evaluation
End-of-chapter homework - Individual 200
Chapter presentation - Group 100
Chapter Summary paper - Group 100
Term paper - Group 200
Mid semester Exam 200
Final semester Exam 200
TOTAL 1000

End-of-chapter Homework:
For each class session students are required to submit end-of-chapter questions from textbook.
Homework should be emailed as “Microsoft Word Track Changes” document to my email. You
can discuss the homework with others but the submitted homework must be your own write up
of the assignment. The due time for the homework is one week after the homework listed on the
date mentioned in the course schedule. Late homework will not be accepted.

Class Participation and Preparedness:

Students are expected to be prepared for each class. Accounting Theory is a seminar which
means that each student is to be active participant in facilitating discussion. It is important that
each student adequately prepare by reading and completing all assigned materials. A group of
students will start the class with presentation the summary of the issues mentioned in the chapter,
followed by questions and comments from other students in the audience. The instructor will act
as an facilitator to the discussion. By the end of the session the group will summarizes the
discussion into a summarize paper distributed to the audience. Important points of discussions
will be questioned in the mid or final exam.

Group Summary Paper and Presentation:

A group summary paper and presentation is required. This paper assignment will involve a
summary of a chapter assigned to the group and must be submitted by email by one week after
presentation. The group presents the summary to the class and response to questions raised by
other students. The students will be grouped into ten groups at the beginning of course and
chapters will be assigned accordingly. Student will be given the opportunity to assess the
contribution of each member of his or her group and this assessment will affect individual
grades.

Term Paper:
A group term paper is also required. This paper assignment will involve analysis of a research
article using the theories and concepts introduced in the course. The groups will be the same as
formed at the beginning of course and article will be assigned accordingly. The term paper is
due on the date mentioned in the class schedule. The grade for the paper will drop by a full letter
grade for late submission of the paper. Student will be given the opportunity to assess the
contribution of each member of his or her group and this assessment will affect individual
grades.
Paper Length:
The paper should be at most 25 pages of double-spaced typed text. Papers should be prepared in
at least 11 pt. Times-Roman font, with at least one-inch margins. Note the suggested paper
length provides a maximum limit only. Of course, if you are able to complete your analysis in
fewer pages that is acceptable. Paper should be turned in to me and other groups according to
the schedule through email.

Topics for Term Papers:

Articles for groups term paper is will be given as an PDF files to each group WA.

Exams:
There will be two take home exams in this course. The exams will be comprised of essay
questions or problems that will examine student’s understanding of all course material. The
format of the questions will be similar to the homework. The duration of exams will be
maximum 24 hours and there will be no make-up exams.

Other Policies:
Cheating or Plagiarism in any form may result in a failing grade for the course. The rules of the
School, especially with respect to academic integrity, will be enforced. Communications outside
of class and office hours will rely heavily on email or WhatsApp. It is expected that you have a
current email address & phone number for the course. I will try to answer emails or WhatsApp
texts that raise issues regarding textbook, lectures, or assignments. However, I will not to reply to
emails or WhatsApp texts demanding help with the homework or exams.
 Classes Schedule:

Date Contents Readings Presenter Homework

Monday Introduction and discussion about the objective of the Syllabus DS

4/13/20 course, syllabus & formatting group.
Give a brief introduction to the course historical
perspective of accounting.
Monday Give a brief introduction to the course: efficient contracting; W: 1 & 2 DS
4/20/20 ethical behavior; rules-based vs. principle-based accounting
standards; the complexity of information; the role of
accounting research; information asymmetry; fundamental
problem in financial accounting theory; Historical cost vs
Current cost accounting.
Monday Development of the Institutional Structure of Financial W: 3 Group 5 HW I assigned and due on 5/11
4/27/20
Monday Accounting Postulates, Principles, and Concepts W: 5 Group 7 HW II assigned and due on 5/18
5/04/20 The Search for Objectives W: 6 Group 9
Monday The FASB’s Conceptual Framework W: 7 Group 3 HW III assigned and due on 5/25
5/11/20
Monday Usefulness of Accounting Information to Investors and W: 8 Group 4 HW IV assigned and due on 6/08
5/18/20 Creditors
Uniformity and Disclosure: Some Policy-Making Directions W: 9 Group 6

Monday The Balance Sheet W: 11 Group 8 HW V assigned and due on 6/22

6/08/20 The Income Statement W: 12 Group 11
Monday Statement of Cash Flows W: 13 Group 10 HW VI assigned and due on 6/29
6/15/20 Accounting for Changing Prices and Inflation W: 14 Group 2
 Contents Readings Commentator Homework

Monday Evaluation of mid exam

7/06/20 Plan for the rest of semester
Monday Efficient securities markets S: 4 All groups HW A assigned and due on 7/20
7/13/20 The Value Relevance of Accounting Information S: 5
Monday The Measurement Approach to Decision Usefulness S: 6 All groups HW B assigned and due on 7/27
7/20/20 Measurement Applications S: 7
Monday The Efficient Contracting Approach to Decision Usefulness S: 8 All groups HW C assigned and due on 8/03
7/27/20 An Analysis of Conflict S: 9
Monday Incentive contracts; S: 10 All groups HW D assigned and due on 8/10
8/03/20 Earnings Management S: 11
Monday Review of the semester Term paper due on 8/15
8/10/20 Summary of the semester