Financial Accounting and Theory

ACC80019 12.5 Credit Points Hawthorn


  • One Semester or equivalent

Contact hours

  • 36

2020 teaching periods


Higher Ed. Semester 2

3 Aug 20 - 1 Nov 20

8 Dec 20

Last self enrolment:
16 Aug 20

31 Aug 20


Concurrent pre-requisites:
Indicates a unit can be either completed proir 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
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