Faculty of Business and Economics

Monash University

Undergraduate, Postgraduate - 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, Postgraduate
FacultyFaculty of Business and Economics
Organisational UnitDepartment of Accounting
OfferedCaulfield First semester 2014 (Day)


This unit examines a wide range of contemporary issues in financial accounting research, including development of financial accounting theory, contracting theory and accounting policy choice (e.g., debt contracts and management compensation), corporate governance, earnings quality, information content of earnings and its components, post-earnings announcement drift and other accounting anomalies, and market reaction to accounting regulation.


The learning goals associated with this unit are to:

  1. evaluate research paradigms in financial accounting
  2. critically evaluate the literature on financial reporting and capital market
  3. critically evaluate the literature on pricing of information
  4. critically evaluate the statistical models employed in the financial reporting and capital market literature
  5. apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with issues in financial reporting and capital market and demonstrate in an individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered by ACX4070.


Within semester assessment: 100%

Chief examiner(s)

Workload requirements

36 hours per semester


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