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Financial Accounting (ACCT90013)

Graduate courseworkPoints: 12.5On Campus (Parkville)

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Overview

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Analysis of contemporary accounting issues within the frameworks of agency theory, capital markets theory and human judgement theory. The aim is to develop a critical understanding of established theories and assumptions underpinning financial accounting.

Intended learning outcomes

On successful completion of this subject, students should be able to:



  • Analyse the role of theory development in explaining accounting behaviour;
  • Evaluate the principal existing theories that explain the production and/or usage of financial accounting reports;
  • Describe and critically evaluate the accounting regulatory process;
  • Explain the principles that underlie the recognition and measurement of core accounting concepts and critically analyse their shortcomings;
  • Evaluate the impact of globalisation on contemporary financial accounting practice;
  • Synthesise the range of emerging issues in financial accounting.

Generic skills

On successful completion of this subject, students should have improved the following generic skills:

  • Critical thinking, particularly in respect of the body of knowledge of the accounting discipline;
  • Explanation of how a body of knowledge is created and disseminated;
  • Application of theory to practice;
  • Analysis of accounting problems and issues by applying conceptual frameworks;
  • Oral and written communication, particularly in relation to the presentation of a logical, authoritative argument;
  • Collaborative learning and teamwork.

Last updated: 3 November 2022