Global Financial Regulatory Framework Course Outline Masters in Accountancy (MACC508)

Course Objectives The course is to expose candidates to the techniques of evaluating the adequacy of current international financial regulatory measures especially in the light of recent developments including: recent corporate failures: the global financial crisis and ongoing global economic recession.

Course Content Topics to be covered: 1.Regulating international capital markets The role and objective of the international organisation of securities commission (IOSC); The organisational structure of IOSC. Regulating the capital market in Zimbabwe Role of the Zimbabwe Stock Exchange Role of the Securities and Exchange Commission of Zimbabwe

2. Regulating international accounting, auditing and financial reporting 2.1.The role and objective of the International Federation of Accountants (IFAC) The regulatory function of IFAC: International Standards of Ethics, Auditing and Assurance; International Education Standards International Public Sector Accounting Standards Other functions of IFAC

2. Regulating international accounting, auditing and financial reporting 2.2. The role of the Eastern, Central and Southern Africa Federation of Accountants (ECSAFA). Now replaced by Pan African Federation of Accountants (PAFA)

2. Regulating international accounting, auditing and financial reporting 2.3. The role and objective of the international Accounting Standards Board (IASB) IASB Due Process IASB Framework for presentation and preparation of financial statements International Financial Reporting Interpretation Committee (IFRIC) IFRIC due process

3. Regulating the Accounting and Auditing profession in Zimbabwe The role of the Public Accountants and Auditors Board of Zimbabwe Regulatory Legislation (PAA Act) Objectives of PAAB Structure of PAAB Functions

4. Analysis of current international financial regulatory measures through group reports Reference materials: Publication of the IOSC Publication of IFAC Publication of the IASB Publication of ECSAFA/PAFA The Public Accountants and Auditors Act of Zimbabwe

5.Others Candidates will be expected to carry out extensive internet- based research in addition to perusing appropriate trade magazines and professional journals.

Teaching & Training Activities Hour Lectures per week; Your encouraged to read academic journals in accounting, finance and business publications. Assignments will be research based

Student Support Individual Contact Consultations Shall be on appointment

Human and Physical Resources Students will be allowed to make power point presentation of assignment. Equipment from the department will be provided. Lecturer will provide addition skills guidance for presentations and resources.

Method of Evaluation 1 Individual class test per semester 1 Group Research Coursework; 1 Individual Research Coursework; 3 hour examination at the end of the semester

Course Output Appropriate knowledge on global financial reporting frameworks Ability to analyse and evaluate development in global financial regulation; Research opportunities in the area;

Pre- Requisite ‘CRITICAL THINKING’