BUS603 Advanced Financial Accounting Theory
Syllabus | International University of Sarajevo - Last Update on Mar 03, 2026
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Department of Economics and Management
Šejma Aydin
Course Lecturer
Course Objectives
The course aims to offer in-depth understanding of the historical development of accounting theory along with its implications on current accounting issues. Using a case-based approach, it provides a blend of theory, practice, and research. The course also provides a global perspective on the development and analysis of accounting standards.
Learning Outcomes
After successful completion of the course, the student will be able to:
Course Materials
Required Textbook
Schroeder, Clark & Cathey "Financial Accounting Theory and Analysis", 12th edition, Wiley, 2017.
Additional Literature
Scott, W. "Financial Accounting Theory", 2009Teaching Methods
Lectures
In-Class Discussions and In Class Exercises.
Weekly Topics
| Week | Topic | Readings / References |
|---|---|---|
| 1 | Foundation: Standard Setting and Theory | |
| 2 | The Accounting Principles Board I | |
| 3 | The Accounting Principles Board II: ASOBAT | |
| 4 | The New Tripartite Structure | |
| 5 | FASB: Operations | |
| 6 | Statement on Accounting Theory and Theory Acceptance. Positive Accounting Theory | |
| 7 | FASB: The Conceptual Framework Project. | |
| 8 | Midterm exam | |
| 9 | FASB: Present and Future | |
| 10 | Accounting for Income | |
| 11 | Accounting for Assets | |
| 12 | Cash and Cash Flows | |
| 13 | The Nature of Liabilities | |
| 14 | Mark to Market Accounting | |
| 15 | Final exam review |
Course Schedule (All Sections)
Office Hours & Room
Assessment Methods and Criteria
Assessment Components
Final Exam
AI: Not AllowedAlignment with Learning Outcomes : 1 2 3 4
Practical exercises
AI: Not AllowedAlignment with Learning Outcomes : 3
Midterm exam
AI: Not AllowedAlignment with Learning Outcomes : 1 2 3 4
Project
AI: Not AllowedAlignment with Learning Outcomes : 1 2 3
Class discussion
AI: Not AllowedAlignment with Learning Outcomes : 3 4
IUS Grading System
| Grading Scale | IUS Grading System | IUS Coeff. | Letter (B&H) | Numerical (B&H) |
|---|---|---|---|---|
| 0 - 44 | F | 0 | F | 5 |
| 45 - 54 | E | 1 | ||
| 55 - 64 | C | 2 | E | 6 |
| 65 - 69 | C+ | 2.3 | D | 7 |
| 70 -74 | B- | 2.7 | ||
| 75 - 79 | B | 3 | C | 8 |
| 80 - 84 | B+ | 3.3 | ||
| 85 - 94 | A- | 3.7 | B | 9 |
| 95 - 100 | A | 4 | A | 10 |
Late Work Policy
Information about late submission policies will be shared during class and posted in this section. Please check back for official guidelines.
ECTS Credit Calculation
📚 Student Workload
This 6 ECTS credit course corresponds to 150 hours of total student workload, distributed as follows:
Lecture hours
45 hours ⏳ (15 week × 3 h)
Home study
15 hours ⏳ (15 week × 1 h)
Midterm exam study
30 hours ⏳ (3 week × 10 h)
Final exam study
40 hours ⏳ (4 week × 10 h)
Term Project
20 hours ⏳ (2 week × 10 h)
150 Total Workload Hours
6 ECTS Credits
Course Policies
Academic Integrity
All work submitted must be your own. Plagiarism, cheating, or any form of academic dishonesty will result in disciplinary action according to university policies. When in doubt about citation practices, consult the instructor.
Attendance Policy
Students are expected to adhere to the attendance requirements as outlined in the International University of Sarajevo Study Rules and Regulations. Excessive absences, whether excused or unexcused, may impact academic performance and eligibility for assessment. Mandatory sessions (e.g., labs, workshops) require attendance unless formally exempted. For detailed policies on absences, documentation, and penalties, please refer to the official university regulations.
Technology & AI Policy
Laptops/tablets may be used for note-taking only during lectures. Phones should be silenced and put away during all class sessions. Audio/video recording requires prior permission from the instructor.
Artificial Intelligence (AI) Usage: The use of AI tools (e.g., ChatGPT, Copilot, Gemini) varies by assessment component. Please refer to the AI usage indicator next to each assessment item in the Assessment Methods and Criteria section above. Submitting AI-generated content as your own work, where AI is not explicitly allowed, constitutes an academic integrity violation.
Communication Policy
All course-related communication should occur through official university channels (institutional email or SIS). Emails should include [BUS603] in the subject line.
Academic Quality Assurance Policy
Course Academic Quality Assurance is achieved through Semester Student Survey. At the end of each academic year, the institution of higher education is obliged to evaluate work of the academic staff, or the success of realization of the curricula.
Learning Tips
Be prepared to contribute thoughtfully during class discussions, labs, or collaborative work. Active participation deepens understanding and encourages critical thinking.
Complete assigned readings or prep materials before class. Take notes, highlight key ideas, and jot down questions. Aim to grasp core concepts and their applications—not just facts.
Use course frameworks or methodologies to analyze problems, case studies, or projects. Begin early to allow time for reflection and refinement. Seek feedback to improve your work.
Don’t hesitate to reach out when something is unclear. Use office hours, discussion boards, or peer networks to clarify concepts and stay on track.
Syllabus Last Updated on Mar 03, 2026 | International University of Sarajevo
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Referencing Curricula Print this page
| Course Code | Course Title | Weekly Hours* | ECTS | Weekly Class Schedule | ||||||
| T | P | |||||||||
| BUS603 | Advanced Financial Accounting Theory | 3 | 0 | 6 | Monday 15:00-17:50 | |||||
| Prerequisite | None | It is a prerequisite to | - | |||||||
| Lecturer | Šejma Aydin | Office Hours / Room / Phone | Monday: 14:00-17:00 Wednesday: 15:00-17:00 |
|||||||
| saydin@ius.edu.ba | ||||||||||
| Assistant | Assistant E-mail | |||||||||
| Course Objectives | The course aims to offer in-depth understanding of the historical development of accounting theory along with its implications on current accounting issues. Using a case-based approach, it provides a blend of theory, practice, and research. The course also provides a global perspective on the development and analysis of accounting standards. | |||||||||
| Textbook | Schroeder, Clark & Cathey "Financial Accounting Theory and Analysis", 12th edition, Wiley, 2017. | |||||||||
| Additional Literature |
|
|||||||||
| Learning Outcomes | After successful completion of the course, the student will be able to: | |||||||||
|
||||||||||
| Teaching Methods | Lectures, In-Class Discussions and In Class Exercises. | |||||||||
| Teaching Method Delivery | Face-to-face | Teaching Method Delivery Notes | ||||||||
| WEEK | TOPIC | REFERENCE | ||||||||
| Week 1 | Foundation: Standard Setting and Theory | |||||||||
| Week 2 | The Accounting Principles Board I | |||||||||
| Week 3 | The Accounting Principles Board II: ASOBAT | |||||||||
| Week 4 | The New Tripartite Structure | |||||||||
| Week 5 | FASB: Operations | |||||||||
| Week 6 | Statement on Accounting Theory and Theory Acceptance. Positive Accounting Theory | |||||||||
| Week 7 | FASB: The Conceptual Framework Project. | |||||||||
| Week 8 | Midterm exam | |||||||||
| Week 9 | FASB: Present and Future | |||||||||
| Week 10 | Accounting for Income | |||||||||
| Week 11 | Accounting for Assets | |||||||||
| Week 12 | Cash and Cash Flows | |||||||||
| Week 13 | The Nature of Liabilities | |||||||||
| Week 14 | Mark to Market Accounting | |||||||||
| Week 15 | Final exam review | |||||||||
| Assessment Methods and Criteria | Evaluation Tool | Quantity | Weight | Alignment with LOs | AI Usage |
| Final Exam | 1 | 30 | 1,2, 3,4 | Not Allowed | |
| Semester Evaluation Components | |||||
| Practical exercises | 2 | 10 | 3 | Not Allowed | |
| Midterm exam | 1 | 30 | 1,2, 3,4 | Not Allowed | |
| Project | 1 | 20 | 1,2, 3 | Not Allowed | |
| Class discussion | 5 | 10 | 3,4 | Not Allowed | |
| *** ECTS Credit Calculation *** | |||||
| Activity | Hours | Weeks | Student Workload Hours | Activity | Hours | Weeks | Student Workload Hours | |||
| Lecture hours | 3 | 15 | 45 | Home study | 1 | 15 | 15 | |||
| Midterm exam study | 10 | 3 | 30 | Final exam study | 10 | 4 | 40 | |||
| Term Project | 10 | 2 | 20 | |||||||
| Total Workload Hours = | 150 | |||||||||
| *T= Teaching, P= Practice | ECTS Credit = | 6 | ||||||||
| Course Academic Quality Assurance: Semester Student Survey | Last Update Date: 27/03/2026 | |||||||||