ACW3040 - Accounting theory - 2017

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.

The learning goals associated with this unit are to:

1. apply a range of accounting theories and concepts to explain financial accounting and reporting practices
2. critically review conventional accounting practice
3. compare and contrast alternative accounting models
4. analyse ethical principles and demonstrate their application in the field of business
5. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with accounting theory and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACW3040.

Within semester assessment: 30% + Examination: 70%

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

See also Unit timetable information

Dr Ananda Samudhram

Students must have passed AFG2491, ACG2491, ACW2491, or AFW2491 before undertaking this unit.

AFC3120, ACC3120, AFF3491, ACF3491, AFG3040, ACG3040, AFW3040