This course engages students in critical analysis of the major approaches to the formulation of an accounting theory. The features, similarities, differences and merits, or otherwise, of alternative theoretical approaches to analysing and dealing with contemporary problems facing accounting and accountants are examined.  

Upon successful completion of the requirements for this course, students should be able to:

• Critically evaluate the major approaches to the formulation of an accounting theory in relation to financial reporting.
• Critically evaluate the major accounting approaches to the measurement of income and capital.
• Explain the role of positive accounting theory in explaining and predicting accounting policy choice and the behaviour of the capital markets.
• Evaluate ethical issues that arise in companies’ choice of accounting treatments
• Critically evaluate the role of regulation in financial reporting.
• Research and analyse complex contemporary financial accounting issues, formulate well reasoned and coherent arguments and reach well considered conclusions in relation to those issues.
• Apply the Harvard referencing system appropriately.

The specific learning objectives identified at the commencement of the lecture material for each of the topics are an integral part of the course/above broad learning outcomes.

• Tutorial Participation 10%
• Assignment 15%
• Mid-semester Exam 15%
• Final Exam 60%

Students taking this course are expected to commit at least 10 hours a week to completing the work. This will include 3 hours per week in class and at least 7 hours a week on average (including non-teaching weeks) on course reading, research, writing and assignment work.

At least an average of 65% (or equivalent) in the final two years of an Australian undergraduate degree

BUSN7008 Financial Statements and Reporting.

See Course Outline

See Course Outline

For further information please refer to the course website