Hi Rachel, there are far too many topics in Financial Accounting depending on your interest and the resources and faculty available in your school. They may also depend on whether you are taking a masters or a doctorate study. As at today one may branch into Financial reporting, Financial statement Analysis, Accounting Conservatism, institutional accounting,Security valuation, Textual Analysis, CSR and Corporate Governance. What is your main area of Interest?
On Financial reporting , you can look at various aspects of IFRS ensuring you focus on what has not been researched before. You can also look at individual standards or the standards in totality. Some people have questioned whether CSR is part of financial accounting but we see many studies in this area. There are also many studies in the area of social networks and capital providers.
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