AFB3040

Accounting theory and current issues

Mr Kevin Sharp

6 points
* One 2-hour lecture and one 1-hour tutorial per week
* Second semester
* Berwick
* Prerequisites: AFB2021 and AFB2023

Objectives This is a final year subject in which students develop understanding of the historical background of accounting concepts and practices. This will enable them to conduct a critical review of conventional accounting practice and to examine altenative models proposed as solutions to recognised problems. Students will apply this knowledge to an analysis of current issues such as developments in the not-for-profit sector (with emphasis on government accounting) and the conceptual framework project. Students will also gain knowledge of business ethics and the associated field of social responsibility accounting.

Synopsis Scientific method and emergency of accounting theory. General descriptive theories. General prescriptive theories. Not-for-profit, conceptual framework and neo-empirical research. Business ethics.

Assessment Assignments (2000 words/presentation): 30%
* Examination (3 hours): 70%

Prescribed texts

Henderson S and others Financial accounting theory 2nd edn, Longman Cheshire, 1992
Velasquez M G Business ethics: Concepts and cases 3rd edn, Prentice-Hall, 1992