UNIT DESCRIPTION
This unit has been designed to provide students with the balanced discussion of different theories of financial accounting. In particular, this course will cover the discussion of financial accounting theories and research, accounting standards, models and conceptual framework, alternative asset-valuation and income determination models, accounting for revenues and expenses, accounting for tax, and ethics and industry-specific accounting issues.
UNIT OBJECTIVES/LEARNING OUTCOMES
On successful completion of this course students will be able to:
a) Explain and interpret the accounting theory and regulatory environment
b) Critically evaluate alternative models and theories of financial accounting
c) Analyse regulatory and accounting practices from an ethical perspective
d) Engage in reasoned debate concerning theoretical issues related to accounting policy
e) Discuss current national and international developments in financial reporting
UNIT CONTENT
The topics covered in this Unit include the following:
- Financial accounting theories and research
- Financial reporting environments
- The regulation of financial accounting
- International accounting
- Accounting for the effects of changing prices and market conditions
- Positive accounting theory and research
- Accounting standards, models and conceptual frameworks
- Consideration of system-oriented theories
- Ethics and industry-specific accounting issues
- Critical Perspectives of accounting
ASSESSMENT TYPE
Quiz:This quiz will be online through Moodle and will be open for 30 minutes once commenced. The quiz will consist of up to 20 multiple choice and/or true/false questions covering material presented in sessions 1.1-2.1. The link to the quiz will be accessible on Moodle for one (1) week after the completion of Session 2.2.
Group Assignment:Each group will consist of two students. Each student is expected to contribute the equivalent of 750-1000 words to this assignment. Both the group members are expected to present their assignment in class.
End of Term Exam:This is a 3-hour written exam that is designed to assess all material presented in the Unit.
Important: To pass the unit students need to achieve at least 25% for the final exam and 50 % in total.
Attachment:- Unit Outline.rar