Financial Accounting and Theory
Duration
- One Semester or equivalent
Contact hours
- 36 hours Face to Face + Blended + Swinburne Online
On-campus unit delivery combines face-to-face and digital learning. For Online unit delivery, learning is conducted exclusively online.
2023 teaching periods
| Hawthorn Higher Ed. Semester 2 |
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|---|---|---|
Dates: Results: Last self enrolment: Census: Last withdraw without fail: |
Prerequisites
Concurrent pre-requisites: can be either completed prior or at the same time
Aims and objectives
This unit develops students’ knowledge of the theoretical and technical underpinnings of current financial and non-financial reporting practices and market reactions to financial and non-financial information.
Unit Learning Outcomes (ULO)
Students who successfully complete this Unit should be able to:
1. Critically assess and appreciate regulatory influences and professional judgement on financial and non-financial reporting practices of firms
2. Apply theoretical and technical knowledge and skills to explain financial accounting and reporting practices for firms
3. Critically evaluate the principles underpinning the current Australian and International accounting standards and their impact on reporting practices
4. Apply a principles based approach to determine accounting treatment for business transactions
5. Apply knowledge of accounting theory to predict market reactions to financial and nonfinancial information
Unit information in detail
- Teaching methods, assessment and content.
Teaching methods
Hawthorn
Type | Hours per week | Number of Weeks | Total |
On Campus Class | 2 | 12 | 24 |
| Online (Asynchronous Lecture) | 1 | 12 | 12 |
Unspecified Learning Activities | 9.5 | 12 | 114 |
TOTAL | 150 hours |
Swinburne Online
Type | Hours per week | Number of Weeks | Total |
Online Learning Activities | 12.5 | 12 | 150 |
TOTAL | 150 hours |
Assessment
Types | Individual/Group Role | Weighting | Unit Learning Outcomes (ULOs) |
Assignment | Individual | 30-40% | 2,4,5 |
| Online Tests | Individual | 10-20% | 1,2,3,4,5 |
Examination | Individual | 40-60% | 1,2,3,4,5 |
Content
• Conceptual frameworks for financial and non-financial reporting
• Presentation of Financial Statement and Disclosures
• Measurement models in accounting
• Accounting for revenue, provisions and contingencies
• Accounting for assets
• Positive Accounting Theory
• Accounting for income tax
• Accounting for business combinations
• Preparation of consolidated financial statements
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.