AFM301 Accounting Theory

Updated: 30 November 2018
Credit Points 6
Offering
Responsible Campus Teaching Period Mode of Study
Armidale Trimester 2 Online
Armidale Trimester 2 On Campus
Armidale Trimester 3 Online
Intensive School(s) None
Supervised Exam There is a supervised exam at the end of the teaching period in which you are enrolled. The exam will either be paper-based and offered at an established exam venue or online with supervision via webcam and screen sharing technology. Coordinated by UNE Exams Unit.
Pre-requisites AFM211
Co-requisites None
Restrictions AFM401
Notes None
Combined Units None
Coordinator(s) Gabriel Donleavy (gdonlea2@une.edu.au)
Unit Description

This unit develops students' critical thinking in discriminating between fact and opinion in the context of accounting reports and acounting theories.This unit develops students' understanding of different accounting theories that underpin accounting methods, regulations and disclosure by reporting entities. It introduces contemporary issues in accounting practice, particularly: the relationship of accounting theory, the financial reporting environment and regulation; normative and positive accounting theories; unregulated corporate reporting decisions; capital market and behavioural research in financial reporting; and measurement in financial accounting.The nature of ethical decision making and the role ethics play in the accounting profession are also examined, and fraud and failure are reviewed in this context. New conceptual frameworks for accounting reports, the Global Reporting Initiative (GRI) and Integrated Reporting (IR), are introduced and reviewed.

Materials Textbook information will be displayed approximately 8 weeks prior to the commencement of the teaching period. Please note that textbook requirements may vary from one teaching period to the next.
Disclaimer Unit information may be subject to change prior to commencement of the teaching period.
Assessment Assessment information will be published prior to commencement of the teaching period.
Learning Outcomes (LO) Upon completion of this unit, students will be able to:
  1. demonstrate a broad and coherent understanding of the main theories relating to accounting and apply them to accounting problems;
  2. demonstrate a broad and coherent understanding of the main alternative accounting treatments of items whose valuation is controversial;
  3. use a range of cognitive and communication skills to review, analyse, consolidate and synthesise relevant information drawn from a range of sources in order to demonstrate critical thinking in solving complex accounting related problems;
  4. work independently and collaboratively to plan and execute tasks to enhance professional skills and knowledge; and
  5. demonstrate the ability to recognise, reflect on and respond to the range of ethical issues and decisions relevant to accounting professionals.