Availabilities:

Location Domestic International
Coffs Harbour Session 2 Session 2
Gold Coast Session 2 Session 2
Hong Kong N/A Session 2
Lismore Session 2 Session 2
Online Session 2,  3 Session 2,  2,  3
Papua New Guinea - IBSU Port Moresby N/A Session 2
Sydney N/A Session 3

Unit Summary

Unit type

UG Coursework Unit

Credit points

12

AQF level

7

Level of learning

Advanced

Pre-requisites

132 credit points in any SCU units AND ACC00145 - Financial Reporting

Unit aim

Introduces students to the general nature of accounting theory and its function in relation to problems confronting the profession. The profession operates in the context of an accounting practice including accounting rules, principles, standards and process of evolving professional changes in company and corporate affairs.

Unit content

Topic 1 Theories of accounting
Topic 2 Measurement in accounting
Topic 3 Regulation of accounting
Topic 4 Corporate social responsibility
Topic 5 Corporate governance
Topic 6 Critical accounting theory

Learning outcomes

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.

GA1: , GA2: , GA3: , GA4: , GA5: , GA6: , GA7:
On completion of this unit, students should be able to: GA1 GA2 GA3 GA4 GA5 GA6 GA7
1 explain the main concepts inherent in selected theories of accounting
2 apply various concepts of value and capital maintenance to the measurement of net assets and income
3 relate three theories of regulation to financial reporting
4 relate three theories to explain corporate social responsibility reporting
5 define corporate governance and assess the effectiveness of various corporate governance mechanisms
6 critically evaluate contemporary financial reporting practice.

On completion of this unit, students should be able to:

  1. explain the main concepts inherent in selected theories of accounting
    • GA1:
    • GA7:
  2. apply various concepts of value and capital maintenance to the measurement of net assets and income
    • GA1:
    • GA2:
    • GA7:
  3. relate three theories of regulation to financial reporting
    • GA7:
  4. relate three theories to explain corporate social responsibility reporting
    • GA3:
    • GA7:
  5. define corporate governance and assess the effectiveness of various corporate governance mechanisms
    • GA1:
    • GA3:
    • GA7:
  6. critically evaluate contemporary financial reporting practice.
    • GA1:
    • GA3:
    • GA7:

Prescribed texts

  • Deegan, C, 2014, Financial Accounting Theory, 4th edn, McGraw Hill, Crows Nest. ISBN: 978 0 070 27726 7.

  • Deegan, C, 2014, Financial Accounting Theory, 4th edn, McGraw Hill, Crows Nest. ISBN: 978 0 070 27726 7.
Prescribed texts may change in future teaching periods.