Handbook : Unit informationEdith Cowan University

School: Business and Law

This unit information may be updated and amended immediately prior to semester. To ensure you have the correct outline, please check it again at the beginning of semester.

• Unit Title

  Financial Accounting, Theory and Practice

• Unit Code

  ACC3700

• Year

  2017

• Enrolment Period

  2

• Version

  1

• Credit Points

  15

• Full Year Unit

  N

• Mode of Delivery

  On Campus
  Online

• Unit Coordinator

  Mr Atul CHANDRA

Description

The unit extends the range of accounting standards considered in ACC2700 (Financial Reporting Standards) and sets the theoretical foundation for the preparation and presentation of corporate financial statements. Students will be able to apply and evaluate selected theories in solving practical problems/current issues/research.

Prerequisite Rule

Students must pass 1 units from ACC2700

Equivalent Rule

Unit was previously coded ACC2430

Learning Outcomes

On completion of this unit students should be able to:

1. Analyse complex issues,formulate well-reasoned and coherent arguments andreach well considered conclusions.
2. Comment on research findings on corporate reporting practices and current accounting issues.
3. Demonstrate an understanding of the objective of general purpose financial reporting and the social and economic roles it plays.
4. Demonstrate familiarity with accounting theories andappreciate the link between theory andthe preparation of corporate financial statements.
5. Interpret, apply and evaluate selected accounting standards.
6. Use library-based research methods to broadenunderstandingof relevant accounting issues.

Unit Content

1. Accounting for leases.
2. Social and environmental reporting.
3. Capital markets research.
4. Positive accounting theory.
5. Accounting for biological assets.
6. Regulation for financial reporting.
7. Accounting measurement.
8. Accounting for financial instruments.
9. International accounting.

Additional Learning Experience Information

On-campus students attend a weekly two hour lecture and a one hour tutorial. The interactive lecture is designed to introduce new topics. Student interaction is expected and welcomed. Students have the opportunity in tutorials to discuss major conceptual issues and to critically look at the relevant accounting treatments. Through discussions and group assignments students have the opportunity to engage in teamwork. In the meantime, students are able to have an international outlook by learning how international standardization of accounting standards are developed and implemented. By attending tutorials, students have the opportunity to work through tutorial exercises and discuss their suggestions with the class which strengthens communication and idea generation abilities.

Off-campus students review Unit learning resources access via Blackboard. Thus, regular online access is required. Students have the opportunity to answer discussion board questions which provide them with the opportunity to develop their communication skills, idea generation ability and critical appraisal skills. As the comments from other students are encouraged via discussion board, students get the opportunity to work in a team. Students develop an international outlook through understanding the development and application of international accounting practices.

Assessment

GS1 GRADING SCHEMA 1 Used for standard coursework units

Students please note: The marks and grades received by students on assessments may be subject to further moderation. All marks and grades are to be considered provisional until endorsed by the relevant Board of Examiners.

Core Reading(s)

• Deegan, C. (2012). Australian financial accounting. (7th ed.). North Ryde, NSW: McGraw-Hill Australia.
• Deegan, C. (2014). Financial accounting theory (4th ed.). North Ryde, N.S.W.: McGraw-Hill.