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ACCG325: Financial Accounting Theory and Practice
This unit is an advanced unit that aims to provide students with a comprehensive understanding of the theoretical constructs and practical applications in financial accounting. It encourages students to critically evaluate and challenge financial reporting issues and key provisions of international accounting standards. This unit offers broad and in-depth coverage of topics including: the accounting standard setting environment; positive and normative theoretical frameworks; impact of accounting numbers on capital markets; professional ethics in accounting; accounting for leases; accounting for intangibles and employee entitlements. This unit also familiarises students with current issues in accounting in the context of the theoretical frameworks and philosophies taught in the course. In addition to the technical and theoretical skills developed in this course, this unit aims to fortify analytical, critical and presentation skills by using a variety of assessment tasks such as case studies, in-class presentation and assignments. This unit aims to develop a range of graduate capabilities in the students that include: the ability to make well reasoned, independent and socially responsible choices; and the ability to use critical thinking and creativity to understand different perspectives and make effective decisions.
| Credit Points: | 3 |
| Contact Hours: | 3 |
| When Offered: | D1 - Day; Offered in the first half-year D2 - Day; Offered in the second half-year Summer Session - Offered in January-February 2011 as part of Summer School program |
| Staff Contact(s): | Accounting staff |
| Prerequisites: |
39cp and ACCG101(P) and [admission to BCom-Accg (pre-2010)] |
| Corequisites: | |
| NCCW(s): | ACCG323 |
| Unit Designation(s): | |
| Assessed As: | Graded |
| Offered By: | Department of Accounting and Corporate Governance |
Timetable Information
For unit timetable information please visit the Timetables@Macquarie Website .