Introduces students to the general nature of accounting theory and its function in relation to problems confronting the accounting profession. Accounting practices including accounting rules, principles and process are examined within the context of contemporary theoretical perspectives and socio-political behaviours of market participants.
Topic 1 Contemporary issues in accounting
Topic 2 The conceptual framework for financial reporting & Standard setting
Topic 3 Measurement
Topic 4 Fair value accounting
Topic 5 Theories in accounting
Topic 6 Products of the financial reporting process
Topic 7 Corporate governance
Topic 8 Capital market research and accounting
Topic 9 Earnings management
Topic 10 Sustainability and environmental accounting & International accounting
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.
|On completion of this unit, students should be able to:|
|1||make a clear distinction between different theories of accounting|
|2||relate various concepts of value and capital maintenance to the measurement of both assets and income|
|3||explain and evaluate managers' incentives and opportunities to choose specific accounting policies|
|4||identify and evaluate the issues related to the regulation of external financial reporting|
|5||define corporate governance and assess the effectiveness of various corporate governance mechanisms|
|6||describe issues related to corporate social responsibility|
|7||critically evaluate contemporary external company reporting practices.|
On completion of this unit, students should be able to:
- make a clear distinction between different theories of accounting
- relate various concepts of value and capital maintenance to the measurement of both assets and income
- explain and evaluate managers' incentives and opportunities to choose specific accounting policies
- identify and evaluate the issues related to the regulation of external financial reporting
- define corporate governance and assess the effectiveness of various corporate governance mechanisms
- describe issues related to corporate social responsibility
- critically evaluate contemporary external company reporting practices.
- Students have the choice of an e-text version or a hard copy version. E-text recommended and ISBN provided below is for e-text.: Michaela Rankin, Kimberly Ferlauto, Susan McGowan, Patricia Stanton, 2018, Contemporary Issues in Accounting, 2th edn, John Wiley & Sons Australia,Ltd, Milton, QLD. ISBN: 9780730343530.
Teaching and assessment
Commonwealth Supported courses
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