Accounting Theory
Duration
- One Semester or equivalent
Contact hours
- 36
On-campus unit delivery combines face-to-face and digital learning. For Online unit delivery, learning is conducted exclusively online.
2021 teaching periods
Hawthorn
| Higher Ed. Semester 1 | Higher Ed. Semester 2 | |
|---|---|---|
Dates: Results: Last self enrolment: Census: Last withdraw without fail: |
Dates: Results: Last self enrolment: Census: Last withdraw without fail: |
Swinburne Online
| Teaching Period 1 | Teaching Period 3 | |
|---|---|---|
Dates: Results: Last self enrolment: Census: Last withdraw without fail: |
Dates: Results: Last self enrolment: Census: Last withdraw without fail: |
Prerequisites
ACC20013 Company AccountingAims and objectives
The primary aim of this unit is to provide students with an understanding of the theoretical framework underlying the discipline of accounting. This will entail a study of the major theoretical concepts and principles in accounting, and the manner in which these concepts and principles are applied in practice.
Students who successfully complete this unit will be able to:
1 Evaluate and discuss the role of regulation in financial reporting and the political forces at play
2 Evaluate and discuss whether information provided in financial reports is useful to investors and creditors
3 Apply a conceptual approach to the definition and measurement of assets, liabilities, income, revenue, and equity
4 Explain the role of positive accounting theory in explaining and predicting accounting policy choice, the behaviour of the capital markets and the behaviour of relevant individuals, including ethical issues that may arise
Courses with unit
Unit information in detail
- Teaching methods, assessment, general skills outcomes and content.
Teaching methods
Face to Face Mode:
Online Mode: SOL
Kaplan:
Scheduled hours: Lectures (4 x 4 hours)
Student workload:
For all teaching and learning structures (both face to face and online), students are expected to spend an average of 150 hours per unit in total over the duration of the study period
This includes all:
• Scheduled teaching and learning events and activities (contact hours timetabled in a face-to-face teaching space) and scheduled online learning events (contact hours scheduled in an online teaching space), and
To be successful, students should:
• Read all prescribed materials and/or view videos in preparation for each class
• Attend and engage in all scheduled classes (face to face or online)
• Start assessment tasks well ahead of the due date, and submit assessments promptly
• Read / listen to all feedback carefully, and consider it for future assessment
• Engage with fellow students and teaching staff (don’t hesitate to ask questions)
Scheduled hours: Lectures (12 x 3 hours)
Engaging with online content and discussions
Scheduled hours: Lectures (4 x 4 hours)
Students are expected to spend 2 hrs per week in engagement online with learning activities and discussion boards
For all teaching and learning structures (both face to face and online), students are expected to spend an average of 150 hours per unit in total over the duration of the study period
This includes all:
• Scheduled teaching and learning events and activities (contact hours timetabled in a face-to-face teaching space) and scheduled online learning events (contact hours scheduled in an online teaching space), and
• Non-scheduled learning events and activities (including directed online learning activities, assessments, independent study, student group meetings, and research)
• Read all prescribed materials and/or view videos in preparation for each class
• Attend and engage in all scheduled classes (face to face or online)
• Start assessment tasks well ahead of the due date, and submit assessments promptly
• Read / listen to all feedback carefully, and consider it for future assessment
• Engage with fellow students and teaching staff (don’t hesitate to ask questions)
Assessment
1. Test (Individual) 10 - 20%
2. Assignment (Individual) 20 - 30%
3. Final Examination (Individual) 50 - 70%
2. Assignment (Individual) 20 - 30%
3. Final Examination (Individual) 50 - 70%
General skills outcomes
During this unit students will receive feedback on the following key generic skills:
- problem solving skill
- analysis skills
- communication skills
- ability to tackle unfamiliar problems, and
- ability to work independently
Content
- Regulatory frameworks
- Accounting theories
- Accounting conceptual framework
- Measurement issues in accounting
- Application of theories and measurement issues
- Non-financial corporate reporting information and issues.
Study resources
- Reading materials.
Reading materials
Students are advised to check the unit outline in the relevant teaching period for appropriate textbooks and further reading.