PUBLIC SECTOR FINANCIAL ACCOUNTING AND ACCOUNTABILITY

ACC3PAA

2014

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.

Faculty: Faculty of Business, Economics and Law

Credit points: 15

Subject Co-ordinator: Robert Nyamori

Available to Study Abroad Students: Yes

Subject year level: Year Level 3 - UG

Exchange Students: Yes

Subject particulars

Subject rules

Prerequisites: ACC1AMD and ECO1IMI or ECO1DSM

Co-requisites: N/A

Incompatible subjects: ACC3AAP

Equivalent subjects: N/A

Special conditions: N/A

Learning resources

Readings

Resource Type	Title	Resource Requirement	Author and Year	Publisher
Readings	N/A	Preliminary	Various journal articles, standards and case studies	N/A

Melbourne, 2014, Semester 1, Day

Overview

Online enrolment: Yes

Maximum enrolment size: N/A

Enrolment information:

Subject Instance Co-ordinator: Robert Nyamori

Class requirements

Lecture
One 2.0 hours lecture per week and delivered via face-to-face.

Tutorial
One 1.0 hours tutorial per week and delivered via face-to-face.

Assessments

Assessment element	Comments	%
class participation and tutorial activities	totalling 1,000-words per student	10
one 2-hour final examination		50
one group presentation	10-minutes per student, two students per group	15
one group project	1,500-words per student, three students per group	25