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Gold Coast
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Unit Summary

Unit type

PG Coursework Unit

Credit points

12

Faculty/College

Faculty of Business, Law and Arts

Pre-requisites

ACCT6001 - Company and Financial Reporting

Unit aim

Introduces students to the general nature of accounting theory and its function in relation to problems confronting the accounting profession. Accounting practices including accounting rules, principles and process are examined within the context of contemporary theoretical perspectives and socio-political behaviours of market participants.

Unit content

Module 1: Contemporary issues and the Conceptual Framework for accounting

Module 2: Standard setting, measurement and fair value accounting

Module 3: Theories in accounting and products of the financial reporting process

Module 4: Capital market research in accounting and Earnings management

Module 5: Integrated reporting and sustainability

Module 6: International accounting and other issues

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.

On completion of this unit, students should be able to:
1 identify and make a clear distinction between different theories of accounting
2 choose between and apply specific theories in accounting to current events and contemporary financial reporting issues/scenarios
3 analyse and critically evaluate chosen specific theories in accounting to current events and contemporary financial reporting issues/scenarios
4 reflect on different accounting theories in relation to current events and contemporary financial reporting issues/scenarios.

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

  1. identify and make a clear distinction between different theories of accounting
  2. choose between and apply specific theories in accounting to current events and contemporary financial reporting issues/scenarios
  3. analyse and critically evaluate chosen specific theories in accounting to current events and contemporary financial reporting issues/scenarios
  4. reflect on different accounting theories in relation to current events and contemporary financial reporting issues/scenarios.

Prescribed texts

  • Students have the choice of an e-text version or a hard copy version. E-text recommended and ISBN provided below is for e-text.: Michaela Rankin, Kimberly Ferlauto, Susan McGowan, Patricia Stanton, 2018, Contemporary Issues in Accounting, 2th edn, John Wiley & Sons Australia,Ltd, Milton, QLD. ISBN: 9780730343530.
Prescribed texts may change in future teaching periods.