The objective of this course is to provide the student with the opportunity to obtain a sound knowledge of normative, positive and critical theories of accounting. The course begins by examining the nature of theories and alternative forms of logic. The conceptual framework and key contemporary and historical accounting issues are examined, highlighting the role of theory in understanding current accounting standards, accounting practice and the use of accounting information by the myriad stakeholders in reporting entities. Throughout the course examples of the relationship between theories of accounting and decisions facing real people (accountants and financial statement users) are highlighted.

At the conclusion of the unit students will have read more widely in accounting and will have acquired a deeper and more critical appreciation of what defines contemporary accounting practice, and more importantly, what it is that should define the nature, scope and future of accounting. Students will be familiar with concepts of theory development and theories of accounting policy choice, measurement of economic income and the societal use of accounting information. Students will have achieved a deeper understanding of selected contemporary issues in accounting, and have developed an ability to critically analyse these issues within the theoretical framework developed earlier in the course.

• Essay Part A Referencing Exercise and Essay Plan - 10%
• Essay Part B Research Essay - 30%
• Final Exam - 60%

Students taking this course are expected to commit at least 13 hours a week to completing the work. This will include:

• 2 hours a week: lecture
• 1 hour a week: tutorial
• 10 hours a week (average): private study, including working on the WATTLE site, including discussions and online learning, reading, research, writing and assignment preparation

BUSN2015 Company Accounting or COMM 2015 Company Accounting.

Incompatible with COMM3001 Accounting Theory.

See Course Outline

See Course Outline

See Course Outline