PUBLIC SECTOR FINANCIAL ACCOUNTING AND ACCOUNTABILITY

ACC3PAA

Not currently offered

Credit points: 15

Subject outline

Students will explore the role of accounting and accountability in the Australian public sector. The subject covers the social and economic importance of the public sector in Australia; the obligations of governments to be accountable for the use of public funds; and the ways in which governments account for the use of resources in implementing social and economic policies. Specific issues covered include the role of the Auditor-General in the accountability process, the measurement and reporting of public sector assets and liabilities, the shift from cash to accrual accounting and the legal and accounting standard requirements of financial reporting in the public sector.

SchoolLa Trobe Business School

Credit points15

Subject Co-ordinatorRobert Nyamori

Available to Study Abroad StudentsYes

Subject year levelYear Level 3 - UG

Exchange StudentsYes

Subject particulars

Subject rules

Prerequisites ACC1AMD and ECO1IMI or ECO1DSM

Co-requisitesN/A

Incompatible subjects ACC3AAP

Equivalent subjectsN/A

Special conditionsN/A

Readings

Resource TypeTitleResource RequirementAuthor and YearPublisher
ReadingsN/APreliminaryVarious journal articles, standards and case studiesN/A

Graduate capabilities & intended learning outcomes

01. Describe the nature and need for the framework for public sector accounting, and financial reporting in the public sector

Activities:
Lecture and tutorials

02. Describe and discuss the systems of public sector accountability and the dynamics of these systems

Activities:
Lecture and tutorials

03. Discuss recent reforms to accounting in the public sector and their effects

Activities:
Lecture and tutorials

04. Review literature, collect data and write a short report on a public sector issue

Activities:
Lecture and tutorials

05. Read, summarise and present an academic article in class

Activities:
Lecture and tutorials

Subject options

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Subject not currently offered - Subject options not available.