Program Overview

Unit of Study ACCT6006 Contemporary Issues in Accounting Theory

Unit Snapshot

• Unit type: PG Coursework Unit
• Credit points: 12
• Faculty & College: Faculty of Business, Law and Arts
• Placement: No
• Pre-requisites: ACCT6001 - Company and Financial Reporting

Unit Description

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 behaviors 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

Availabilities

Learning Outcomes

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

Teaching and Assessment

Gold Coast (Term)

• Teaching method:
  • Workshop 1 hour (Weekly)
  • Tutorial 2 hours (Weekly)
• Assessment:
  • Quiz: 20%
  • Case study: 30%
  • Essay: 50%

Melbourne (Term)

• Teaching method:
  • Workshop 1 hour (Weekly)
  • Tutorial 2 hours (Weekly)
• Assessment:
  • Quiz: 20%
  • Case study: 30%
  • Essay: 50%

Online (Term)

• Teaching method:
  • Workshop 1 hour (Weekly)
  • Tutorial 2 hours (Weekly)
• Assessment:
  • Quiz: 20%
  • Case study: 30%
  • Essay: 50%

Perth (Term)

• Teaching method:
  • Workshop 1 hour (Weekly)
  • Tutorial 2 hours (Weekly)
• Assessment:
  • Quiz: 20%
  • Case study: 30%
  • Essay: 50%

Sydney (Term)

• Teaching method:
  • Workshop 1 hour (Weekly)
  • Tutorial 2 hours (Weekly)
• Assessment:
  • Quiz: 20%
  • Case study: 30%
  • Essay: 50%

Prescribed Learning Resources

Term 3

• Prescribed Texts:
  • Students have the choice of an e-text version or a hard copy version. E-text recommended: Michaela Rankin, Kimberly Ferlauto, Susan McGowan, Patricia Stanton, 2022, Contemporary Issues in Accounting, 3rd edn, John Wiley and Sons Australia, Milton, QLD.
• Prescribed Resources/Equipment:
  • Access to a computer with a webcam and reliable internet connection.

Fee Information

Domestic

• Commonwealth Supported courses: For information regarding Student Contribution Amounts, please refer to the relevant university guidelines.
• Fee paying courses: For postgraduate or undergraduate full-fee paying courses, please check the university's fee schedule.

International

• Please check the international course and fee list to determine the relevant fees.