AC301 Accounting Theory
DESCRIPTION
This unit is designed to assist students to the understand the role of research and theory in the working environment. The unit specifically aims to provide the relevant exposure to critically evaluate accounting theories and understand their influence in an organisation. Primarily the unit deals with understanding of the
standardisation of accounting practices globally considering the various cultural aspects.
RELEVANT COURSES
*Core unit
CREDIT POINTS
10
DELIVERY MODE
On campus
Intensive
Extensive
PREREQUISITE OR CO-REQUISITE
AC101 Accounting I
UNIT LEARNING OUTCOMES
LO1 Evaluate the role of research and theory in accounting
LO2 Critically evaluate a number of accounting theories
LO3 Justify the selection of an accounting theory in specific contexts
LO4 Critique issues with the standardisation of accounting practices across a culturally diverse global environment
CONTENT
- Introduction to accounting theory
- Understanding the financial reporting environment
- Regulations that govern financial accounting
- Normative theories of accounting
- Positive accounting theory
- Unregulated corporate reporting decisions: Considerations of systems-oriented theories
- Accounting for the effects of changing prices and market conditions
- Reactions of capital markets to financial reporting
- Introduction to international accounting
- Extending corporate accountability: The incorporation of social and environmental factors within external reporting
- Critical perspectives of accounting and reactions of individuals to financial reporting: An examination of behavioural research in accounting
ASSESSMENT METHODS
- Presentation – 20%
- Written Assessment – 30%
- Exam – 50%
PRESCRIBED READINGS
Ardiansyah, M. (2022). Accounting conservatism in the perspective of positive accounting theory: A study of Islamic banking in Indonesia. Asian Economic and Financial Review, 12(6): 380-396
Check with the lecturer each semester before purchasing any textbooks