units

ACX3551

Faculty of Business and Economics

18 September 2017 20 April 2024
Monash University

Undergraduate - Unit

This unit entry is for students who completed this unit in 2014 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

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered, or view unit timetables.

LevelUndergraduate
FacultyFaculty of Business and Economics
Organisational UnitDepartment of Accounting
Monash Passport categoryInternational Short Field Experience (Explore Program)
OfferedCaulfield Summer semester A 2014 (On-campus block of classes)

Synopsis

This unit centres on both a conceptual and practical approach to International Accounting Issues with emphasis on international standard setting and compliance as viewed by regulatory and private sector preparers of accounts. Students gain a practical understanding of these issues in an international context through the overseas visitation program which forms an integral part of this unit.

Outcomes

The learning goals associated with this unit are to:

  1. compare and contrast accounting standard setting in various countries and discuss the convergence of accounting standards through an international study program
  2. develop a practical understanding and appreciation of culture in the development of national accounting regulations
  3. evaluate academic and professional papers in international accounting
  4. apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with international accounting.

Assessment

Within semester assessment: 50%
Examination: 50%

Workload requirements

Four 3-hour seminars and up to twelve 2 hour-formal visits to professional bodies and companies during the international component of the programs over approximately 4 weeks.

Prerequisites

Students must have passed one of the following: AFC2120, ACC2120, AFF2491, ACF2491, AFG2491, ACG2491, ACW2491 or AFW2491, or be granted permission by the unit coordinator before undertaking this unit.

Prohibitions

AFX3871, BFX3871, AFX3551