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AFX4070 - Issues in financial accounting

6 points, SCA Band 2, 0.125 EFTSL

Undergraduate, Postgraduate Faculty of Business and Economics

Leader: Associate Professor Paul Mather


Clayton First semester 2007 (Day)


Topics are selected from the development of financial accounting theory, contracting theory and accounting policy choice (including debt contracts, political costs, management compensation and efficient contracting), corporate governance, behavioural research, the returns-earnings relation, the explanatory power of earnings, post-earnings announcement drift and other anomalies, information content of cash flows and accruals, earnings quality, market reaction to accounting regulation and value relevance of accounting information.


The learning objectives of this unit are to:


Assignment (4000 words): 30%
Seminar presentations: 20%
Examination (3 hours): 50%

Contact hours

3 hour session per week


Enrolment in an honours or masters program offered by the Faculty of Business and Economics