Faculty of Business and Economics

Monash University

Undergraduate, Postgraduate - Unit

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.

print version

6 points, SCA Band 3, 0.125 EFTSL

To find units available for enrolment in the current year, you must make sure you use the indexes and browse unit tool in the current edition of the Handbook.

LevelUndergraduate, Postgraduate
FacultyFaculty of Business and Economics
Organisational UnitDepartment of Accounting and Finance
OfferedCaulfield First semester 2013 (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 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.


Within semester assessment: 100%

Chief examiner(s)

Contact hours

3 hours per week


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