Page 4 - DCOM409_CONTEMPORARY_ACCOUNTING

SYLLABUS
Contemporary Accounting

Objectives: The course will enable the students to identify and analyze the developments of contemporary and emerging
accounting issues. The students will be able to adapt and apply strategic tools developed from the discipline of accounting in
different decision-making environments. They will be able to analyze the implications of applying recent accounting and
business techniques and approaches in a variety of management decision settings.
Sr. No. Description
1. Accounting Standards: meaning, nature and rationale.
2. Price-level accounting; meaning and scope, major drawbacks of historical cost system, utility and
applications.
3. Environmental Accounting: methodology, objectives and observations.
4. Economic Value Added (EVA): concept, approaches to computation, applications and shortcomings.
5. Social Reporting: meaning, nature, need and models of social disclosure.
6. Human Resource Accounting: meaning, nature and scope and approaches.
7. Corporate Reporting: concept of disclosure in relation to publish accounts, issues and recent trends in
corporate reporting, IFRS and its relevance.
8. The financial reporting framework: the contribution and limitations of financial statements in meeting the
needs of users’ and capital markets; the applications, strengths and weaknesses of an accounting framework;
critical evaluation of principles and practices; Forensic Accounting.