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.

Please note that given the circumstances of COVID-19, there may be some modifications to the assessment schedule promoted in Handbook for Semester 1 2020 Units. Students will be notified of all approved modifications by Unit Coordinators via email and Unit Blackboard sites. Where changes have been made, these are designed to ensure that you still meet the unit learning outcomes in the context of our adjusted teaching and learning arrangements.

  • Unit Title

    Financial Accounting, Theory and Practice
  • Unit Code

    ACC3700
  • Year

    2020
  • Enrolment Period

    1
  • Version

    2
  • Credit Points

    15
  • Full Year Unit

    N
  • Mode of Delivery

    On Campus
    Online
  • Unit Coordinator

    Dr Erwei XIANG

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 have passed ACC2700.

Equivalent Rule

Unit was previously coded ACC2430

Learning Outcomes

On completion of this unit students should be able to:

  1. Evaluate the setting and influence of accounting standards in Australia.
  2. Evaluate the concept and application of measurement in the context of contemporary financial reporting.
  3. Examine the application of key contemporary accounting standards and practices.

Unit Content

  1. Standard setting
  2. Measurement in accounting.
  3. Theories in accounting.
  4. Capital market research and accounting.
  5. Products of the financial reporting process.
  6. Earnings management.
  7. Sustainability and environmental accounting
  8. Accounting for leases.
  9. Accounting for foreign currency transactions and forward exchange contracts.
  10. Insolvency and liquidation

Learning Experience

ON-CAMPUS

Students will attend on campus classes as well as engage in learning activities through ECU Blackboard.

JoondalupMount LawleySouth West (Bunbury)
Semester 113 x 1 hour lectureNot Offered13 x 1 hour lecture
Semester 113 x 1 hour tutorialNot Offered13 x 1 hour tutorial
Semester 213 x 1 hour lectureNot OfferedNot Offered
Semester 213 x 1 hour tutorialNot OfferedNot Offered

For more information see the Semester Timetable

ONLINE

Students will engage in learning experiences through ECU Blackboard as well as additional ECU learning technologies.

Additional Learning Experience Information

Students have the opportunity to discuss major conceptual issues and to critically look at the relevant accounting treatments in the weekly seminars. Through discussions and group assignments students have the opportunity to engage in teamwork. 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. Online students review Unit learning resources 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.

ON CAMPUS
TypeDescriptionValue
Case StudyIndividual Case Study Assignment35%
ExerciseOnline and Tutorial Activities15%
ExaminationFinal Examination50%
ONLINE
TypeDescriptionValue
Case StudyIndividual Case Study Assignment35%
ExerciseOnline and Tutorial Activities15%
ExaminationFinal Examination50%

Core Reading(s)

  • Rankin, M., Ferlauto, K., McGowan, S., & Stanton, P. (2018). Contemporary issues in accounting (2nd ed., pp. vii, 362). Milton, Qld: John Wiley & Sons Limited. Retrieved from https://ecu.on.worldcat.org/oclc/972900137
  • Loftus, J., Leo, K., Daniliuc, S., Boys, N., Luke, B., Ang, H., & Byrnes, K. (2020). Financial Reporting. (3rd ed., pp. 1–1361). Milton, QLD: John Wiley & Sons Australia Ltd. Retrieved from http://ezproxy.ecu.edu.au/login?url=https://ebookcentral.proquest.com/lib/ecu/detail.action?docID=5986314

Disability Standards for Education (Commonwealth 2005)

For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Access and Inclusion website.

Academic Misconduct

Edith Cowan University has firm rules governing academic misconduct and there are substantial penalties that can be applied to students who are found in breach of these rules. Academic misconduct includes, but is not limited to:

  • plagiarism;
  • unauthorised collaboration;
  • cheating in examinations;
  • theft of other students' work;

Additionally, any material submitted for assessment purposes must be work that has not been submitted previously, by any person, for any other unit at ECU or elsewhere.

The ECU rules and policies governing all academic activities, including misconduct, can be accessed through the ECU website.

ACC3700|2|1

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.

Please note that given the circumstances of COVID-19, there may be some modifications to the assessment schedule promoted in Handbook for this unit. All assessment changes will be published by 27 July 2020. All students are reminded to check handbook at the beginning of semester to ensure they have the correct outline.

  • Unit Title

    Financial Accounting, Theory and Practice
  • Unit Code

    ACC3700
  • Year

    2020
  • Enrolment Period

    2
  • Version

    2
  • Credit Points

    15
  • Full Year Unit

    N
  • Mode of Delivery

    On Campus
    Online
  • Unit Coordinator

    Dr Erwei XIANG

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 have passed ACC2700.

Equivalent Rule

Unit was previously coded ACC2430

Learning Outcomes

On completion of this unit students should be able to:

  1. Evaluate the setting and influence of accounting standards in Australia.
  2. Evaluate the concept and application of measurement in the context of contemporary financial reporting.
  3. Examine the application of key contemporary accounting standards and practices.

Unit Content

  1. Standard setting.
  2. Measurement in accounting.
  3. Theories in accounting.
  4. Capital market research and accounting.
  5. Products of the financial reporting process.
  6. Earnings management.
  7. Sustainability and environmental accounting.
  8. Accounting for leases.
  9. Accounting for foreign currency transactions and forward exchange contracts.
  10. Insolvency and liquidation.

Learning Experience

ON-CAMPUS

Students will attend on campus classes as well as engage in learning activities through ECU Blackboard.

JoondalupMount LawleySouth West (Bunbury)
Semester 113 x 1 hour lectureNot Offered13 x 1 hour lecture
Semester 113 x 1 hour tutorialNot Offered13 x 1 hour tutorial
Semester 213 x 1 hour lectureNot OfferedNot Offered
Semester 213 x 1 hour tutorialNot OfferedNot Offered

For more information see the Semester Timetable

ONLINE

Students will engage in learning experiences through ECU Blackboard as well as additional ECU learning technologies.

Additional Learning Experience Information

Students have the opportunity to discuss major conceptual issues and to critically look at the relevant accounting treatments in the weekly seminars. Through discussions and group assignments students have the opportunity to engage in teamwork. 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. Online students review Unit learning resources 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.

ON CAMPUS
TypeDescriptionValue
Case StudyIndividual Case Study Assignment35%
ExerciseOnline and Tutorial Activities15%
AssignmentAlternative Assessment Task50%
ONLINE
TypeDescriptionValue
Case StudyIndividual Case Study Assignment35%
ExerciseOnline and Tutorial Activities15%
AssignmentAlternative Assessment Task50%

Core Reading(s)

  • Rankin, M., Ferlauto, K., McGowan, S., & Stanton, P. (2018). Contemporary issues in accounting (2nd ed., pp. vii, 362). Milton, Qld: John Wiley & Sons Limited. Retrieved from https://ecu.on.worldcat.org/oclc/972900137
  • Loftus, J., Leo, K., Daniliuc, S., Boys, N., Luke, B., Ang, H., & Byrnes, K. (2020). Financial Reporting. (3rd ed., pp. 1–1361). Milton, QLD: John Wiley & Sons Australia Ltd. Retrieved from http://ezproxy.ecu.edu.au/login?url=https://ebookcentral.proquest.com/lib/ecu/detail.action?docID=5986314

Disability Standards for Education (Commonwealth 2005)

For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Access and Inclusion website.

Academic Misconduct

Edith Cowan University has firm rules governing academic misconduct and there are substantial penalties that can be applied to students who are found in breach of these rules. Academic misconduct includes, but is not limited to:

  • plagiarism;
  • unauthorised collaboration;
  • cheating in examinations;
  • theft of other students' work;

Additionally, any material submitted for assessment purposes must be work that has not been submitted previously, by any person, for any other unit at ECU or elsewhere.

The ECU rules and policies governing all academic activities, including misconduct, can be accessed through the ECU website.

ACC3700|2|2