Financial Accounting Theory

ACC80005 12.5 Credit Points Hawthorn, Online


  • One Semester or equivalent

Contact hours

  • 36


Concurrent Pre-requisites :
A unit can be either completed prior to commencing study or taken at the same time.

Aims and objectives

This unit aims to provide theoretical insight into some of the reasons underpinning the development of accounting regulation, selection and application of various accounting policies and practices by preparers of financial reports and use of accounting reports by various stakeholders. It also critical examines various accounting choices or prepares and decisions of accounting regulators and users of corporate reports.
Students who successfully complete this unit will be able to:
1. Critically evaluate the objective of financial reporting, resultant qualitative characteristics of financial reports and criteria for recognition, measurement and disclosure of elements of financial reports.
2. Evaluate theoretical underpinnings of local and international differences/similarities in accounting rules and practices and political nature of accounting regulation.
3. Apply accounting theories to explain and interpret the production of accounting information and predict and explain responses of users to accounting information.
4. Critically evaluate the role of accounting and accounting regulation in society and social and economic consequences of accounting phenomena.
5. Conduct independent research on accounting phenomena to solve financial accounting problems and work individually or collaboratively to interpret and communicate accounting research.

Courses with unit

Unit not offered from 2021