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 agriculture, mining, and the role of business ethics and corporate governance are examined.
Unit details
Location:
Study level:
Postgraduate
Credit points:
12
Unit code:
BAO5535
Prerequisites
BAO5525 - Financial and Corporate Accounting
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Learning Outcomes
| 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. | Investigate 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. | Articulate sound professional judgement on issues relevant to the recognition and reporting of information contained in financial statements, as prepared in accord with accounting standards; | ||
| 6. | Implement advanced level personal autonomy and accountability within collaborative decision making activities in achieving ethical and socially responsible team outcomes; and | ||
| 7. | Appraise the impact of business ethics and corporate governance on the accounting profession. |
Assessment
| Assessment type | Description | Grade |
|---|---|---|
| Case Study | Case study and presentation based on contemporary accounting reporting and disclosure (group) | 20% |
| Project | Research project on a contemporary accounting issue (Group) | 30% |
| Test | In-class test | 50% |
Required reading
Contemporary Issues in Accounting 2nd ed.
Rankin, M., Ferlauto, K., McGowan, S. and Stanton, P. 2018.
John Wiley & Sons Australia, Queensland.
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