This unit of study is the capstone accounting unit of postgraduate accounting study. The unit draws upon, and further develops, students' prior knowledge of accounting. The unit is designed to develop students' analytical and critical thinking skills. It investigates and analyses aspects of the conceptual foundations of financial accounting; the relationship between financial accounting theories and accounting practices; Contemporary issues, including global harmonisation of international financial reporting standards, industry based various measurement issues,  accounting for carbon emissions, and the rise of big data accounting are examined.

Unit details

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Unit code:


BAO5525 - Financial and Corporate Accounting

Learning Outcomes

On successful completion of this unit, students will be able to:
  1. Critically review and interpret the role of theory in the development of accounting;  
  2. Conceptually map the interaction of the various parties involved in the regulation of financial reporting, both locally and globally;  
  3. Understand the role of culture, values and dispositions in achieving consensual outcomes through consideration of the benefits and limitations of the international harmonisation of financial reporting standards;  
  4. Critically analyse measurement issues and their effect on financial reporting practice;  
  5. Exercise sound professional judgements on issues relevant to the recognition and reporting of information contained in financial statements, as prepared in accord with accounting standards  
  6. Evidence advanced level personal autonomy and accountability within collaborative decision making activities in achieving ethical and socially responsible team outcomes; and  
  7. Assess the impact of Information and Communications Technology and big data on the accounting profession.  


Assessment type Description Grade
Test Mid-Term Test 20%
Project Research Project 30%
Examination Final Examination 50%
A summary of assessment tasks will be distributed at the first class, and will be available on the online student learning management system VU Collaborate space.

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