1. Handbook
  2. Subjects
  3. Theory of Financial Accounting

Theory of Financial Accounting (ACCT90013)

Graduate courseworkPoints: 12.5On Campus (Parkville)

You’re viewing the 2019 Handbook:
Or view archived Handbooks


Year of offer2019
Subject levelGraduate coursework
Subject codeACCT90013
Semester 1
Semester 2
FeesSubject EFTSL, Level, Discipline & Census Date

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

  • 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;
  • Understand the development of accounting standards;
  • Synthesise the range of emerging issues in financial accounting;
  • Understand the role of accounting information in firm valuation;
  • Understand firm's disclosure practice and related regulations;
  • Be able to communicate coherently, concisely and effectively in writing;
  • Demonstrate a capacity to successfully engage in collaborative activities such as group based work and activities.

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: 21 September 2019