AFW3040 - Accounting theory

Leader: Dr Mahendra Goyal

Offered

Berwick Second semester 2007 (Day)
Gippsland Second semester 2007 (Day)
Gippsland Second semester 2007 (Off-campus)
Hong Kong Second semester 2007 (Off-campus)
Malaysia First semester 2007 (Day)
Malaysia Second semester 2007 (Day)
Peninsula Second semester 2007 (Day)
Singapore Second semester 2007 (Off-campus)

Synopsis

Topics include the nature of theory and scientific method by considering two basic methods of enquiry: induction and deduction; the emergence of general descriptive and prescriptive accounting theories; the application of measurement theories; the regulation of financial accounting and the development of international accounting as they relate to the conceptual framework; and summarising and identifying the assumptions underlying accounting concepts by critiquing the financial statements.

Objectives

The learning objectives of this unit are to:

• outline the development of accounting concepts and international accounting;
• critically review conventional accounting practice;
• compare and contrast alternative accounting models;
• understand ethical principles and their application of these principles in the field of business;
• apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with accounting theory.

Assessment

Assignment(s): 30%
Examination (3 hours): 70%

Contact hours

Three hours per week

Prerequisites

AFW2491