Undergraduate - UnitAFG3040 - Accounting theory

This unit entry is for students who completed this unit in 2013 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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6 points, SCA Band 3, 0.125 EFTSL

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Level	Undergraduate
Faculty	Faculty of Business and Economics
Organisational Unit	Department of Accounting and Finance
Offered	Gippsland First semester 2013 (Day) Gippsland First semester 2013 (Off-campus) Gippsland Second semester 2013 (Off-campus)
Coordinator(s)	Dr Les Hardy

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.

Outcomes

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.