Unit aim
Introduces students to the general nature of accounting theory and its function in relation to problems confronting the profession. The profession operates in the context of an accounting practice including accounting rules, principles, standards and process of evolving professional changes in company and corporate affairs.
Unit content
Topic 1 Theories of accounting
Topic 2 Measurement in accounting
Topic 3 Regulation of accounting
Topic 4 Corporate social responsibility
Topic 5 Corporate governance
Topic 6 Critical accounting theory
Learning outcomes
Unit Learning Outcomes express learning achievement in terms of what a student should know, understand and be able to do on completion of a unit. These outcomes are aligned with the graduate attributes. The unit learning outcomes and graduate attributes are also the basis of evaluating prior learning.
Learning outcomes and graduate attributes
GA1: Intellectual rigour,
GA2: Creativity,
GA3: Ethical practice,
GA4: Knowledge of a discipline,
GA5: Lifelong learning,
GA6: Communication and social skills,
GA7: Cultural competence| On completion of this unit, students should be able to: | GA1 | GA2 | GA3 | GA4 | GA5 | GA6 | GA7 |
|---|
| 1 | explain the main concepts inherent in selected theories of accounting | Intellectual rigour | | | | | | Cultural competence |
| 2 | apply various concepts of value and capital maintenance to the measurement of net assets and income | Intellectual rigour | Creativity | | | | | Cultural competence |
| 3 | relate three theories of regulation to financial reporting | | | | | | | Cultural competence |
| 4 | relate three theories to explain corporate social responsibility reporting | | | Ethical practice | | | | Cultural competence |
| 5 | define corporate governance and assess the effectiveness of various corporate governance mechanisms | Intellectual rigour | | Ethical practice | | | | Cultural competence |
| 6 | critically evaluate contemporary financial reporting practice. | Intellectual rigour | | Ethical practice | | | | Cultural competence |
On completion of this unit, students should be able to:
- explain the main concepts inherent in selected theories of accounting
- GA1:
Intellectual rigour
- GA7:
Cultural competence
- apply various concepts of value and capital maintenance to the measurement of net assets and income
- GA1:
Intellectual rigour
- GA2:
Creativity
- GA7:
Cultural competence
- relate three theories of regulation to financial reporting
- relate three theories to explain corporate social responsibility reporting
- GA3:
Ethical practice
- GA7:
Cultural competence
- define corporate governance and assess the effectiveness of various corporate governance mechanisms
- GA1:
Intellectual rigour
- GA3:
Ethical practice
- GA7:
Cultural competence
- critically evaluate contemporary financial reporting practice.
- GA1:
Intellectual rigour
- GA3:
Ethical practice
- GA7:
Cultural competence
Prescribed texts
Session 2
- Deegan, C, 2014, Financial Accounting Theory, 4th edn, McGraw Hill, Crows Nest. ISBN: 978 0 070 27726 7.
Session 3
- Deegan, C, 2014, Financial Accounting Theory, 4th edn, McGraw Hill, Crows Nest. ISBN: 978 0 070 27726 7.
Prescribed texts may change in future study periods.