Undergraduate, Postgraduate - UnitAFX4070 - Issues in financial accounting

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Synopsis

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.

Outcomes

The learning goals associated with this unit are to:

1. discuss research paradigms in financial accounting
2. discuss the economic consequences of accounting regulation
3. distinguish between alternative perspectives of corporate governance and appreciate its interaction with contracting theory and financial accounting
4. critically evaluate empirical research and identify major research questions in financial accounting
5. apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with issues in financial accounting and demonstrate in an individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered by AFX4070.

Assessment

Within semester assessment: 100%

Chief examiner(s)

Professor Farshid Navissi

Contact hours

3 hours per week

Prerequisites

Students must be enrolled in course 0181 or 0171 or 4416 to undertake this unit