The subject examines various theories that investigate and critique the roles of financial accounting in decision-making and theoretically appraise financial accounting practice and regulation. Contemporary issues, including measurement, the conceptual framework, convergence with the International Financial Reporting Standards and corporate sustainability reporting are examined in the context of various accounting theories including normative accounting theories and positive accounting theories. Students will engage with the content through a range of activities associated with contemporary cases and issues. Activities will include peer learning, discussions and online activities. Student learning will be guided and assessed through a semester test, an individual assignment and an exam.
BAO2203 - Corporate Accounting
|1.||Articulate an enhanced understanding of the role of theory in the development of accounting and the financial reporting environment;|
|2.||Critically reflect on and evaluate theories that explain financial and non-financial reporting;|
|3.||Critique various measurement models and their impact on financial reporting in order to improve skills in exercising professional judgement in accounting practice;|
|4.||Elucidate factors that influence financial and non-financial accounting practice with reference to a broad and coherent body of theoretical knowledge;|
|5.||Critically analyse and justify accounting standards that apply to financial reporting;|
|6.||Evaluate issues relevant to the recognition of accounting elements and reporting contained in financial statements;|
|7.||Critically reflect on theories of, and approaches to, corporate social and environmental accountability and reporting as means to contribute to a more equitable and sustainable world; and|
|8.||Debate issues concerning the roles of accounting standards in local and global communities.|
|Test||Multiple Choice Questions; short answer questions and case study||20%|
|Research Paper||Individual research||20%|
|Examination||Short answer questions, practical questions and case study||60%|
Financial Accounting Theory, 4rd edition,
Deegan, C., (2014),
Australian Financial Accounting, 7th edition,
Deegan, C., (2012),
Accounting Handbook 2013,
Prentice Hall, Sydney
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