Module details for Contemporary Accounting


This module examines Contemporary Accounting; exploring modern concepts.


The aim of this Module is to develop experiential understanding and critical evaluation of real business problems provided by a range of organisations which allows students to support strategic decision-making within a business environment. Students will also be required to evaluate problems relating to contemporary accounting issues.

Learning Outcomes

By the end of this module the student should be able to:

1.  Develop experiential understanding and undertake critical evaluation of a real business problem;

2.  Critically evaluate and interpret the implications of a number of different strategies and make recommendations;

3.  Appraise a range of contemporary accounting techniques.

Indicative Content

1 Performance Management and Measurement

Balanced Scorecard, Customer Profitability Analysis, KPI's and Benchmarking. Measuring Social Returns.Performance management in NFP organisations and public sector organisations.

2 Intellectual Capital

The concept of intellectual capital. Auditing intellectual capital. Knowledge value chain and its importance to creating intellectual capital.

3 Beyond Budgeting

Various issues surrounding the concept of "Beyond Budgeting".

4 Lean Accounting

The concept of Lean Accounting

5 Business Intelligence

Transforming raw data into meaningful and useful information.

6 Forensic Accounting

The integration of accounting, information technology and investigation skills to uncover criminal activity and/or the reasons for business failure.

7 Project Management

The role of an accountant in the management of projects.

8 Crowd Funding

Exploring Crowd Funding as an alternative source of funding.

Teaching and Learning Work Loads

Teaching and Learning Method Hours
Lecture 14
Tutorial/Seminar 24
Practical Activity 0
Assessment 60
Independent 102
Total 200

Guidance notes

SCQF Level - The Scottish Credit and Qualifications Framework provides an indication of the complexity of award qualifications and associated learning and operates on an ascending numeric scale from Levels 1-12 with SCQF Level 10 equating to a Scottish undergraduate Honours degree.

Credit Value – The total value of SCQF credits for the module. 20 credits are the equivalent of 10 ECTS credits. A full-time student should normally register for 60 SCQF credits per semester.


We make every effort to ensure that the information on our website is accurate but it is possible that some changes may occur prior to the academic year of entry. The modules listed in this catalogue are offered subject to availability during academic year 2021/22 , and may be subject to change for future years.