AFF3491 - Advanced financial accounting theory and practice

Leader: Dr Dot Cochrane

Offered

Caulfield First semester 2007 (Day)
Caulfield First semester 2007 (Evening)
Caulfield Second semester 2007 (Day)

Synopsis

The interaction between accounting and the relevant segments of the society, including the industry, the capital market, the government and other user groups. The standard-setting and regulatory procedure in Australia and overseas. The unit is a blend of advanced and controversial practical accounting topics and the underlying theories that support the prescribed accounting treatments of these issues.

Objectives

The learning objectives of this unit are to:

• critically assess standard setting procedures and the theories of regulation;
• discuss theories to explain accounting policy choices and the relevance of accounting numbers to capital markets;
• explain the definition and recognition criteria for elements of financial reports and issues associated with their application;
• examine contemporary financial accounting issues including financial instruments and intangibles;
• apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with advanced financial reporting issues.

Assessment

Assignment(s): 10%
Mid-semester test (1.5 hours): 30%
Examination (3 hours): 60%

Contact hours

3 hours per week

Prerequisites

AFF2491