AFW3040 - Accounting theory

Offered

Berwick First semester 2009 (Day)
Gippsland First semester 2009 (Day)
Gippsland First semester 2009 (Off-campus)
Gippsland Second semester 2009 (Off-campus)
Sunway First semester 2009 (Day)
Sunway Second semester 2009 (Day)
Singapore First semester 2009 (Off-campus)
Peninsula First semester 2009 (Day)

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 goals associated with 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

Within semester assessment: 30%
Examination (3 hours): 70%

Contact hours

3 hours per week

Prerequisites

AFW2491

Prohibitions

AFC3120, AFF3491