ADVANCED ACCOUNTING ISSUES

ACC5AAI

2019

Credit points: 15

Subject outline

In this subject, you will be studying some of the major contemporary issues in financial accounting. Following discussion and evaluation of different theories of accounting, and their implications for accounting practice, consideration will be given to significant accounting issues which impact on reported performance and financial position. Case studies will be used as a basis for critically examining issues surrounding the measurement, definition, and recognition of the elements of financial statements-assets, liabilities, revenues, expenses and owners' equity. Topics covered include accounting for intangible assets, asset revaluation, construction contracts, financial instruments and impairment, provisions and contingent liabilities and leases.

SchoolLa Trobe Business School

Credit points15

Subject Co-ordinatorHelen Yang

Available to Study Abroad StudentsYes

Subject year levelYear Level 5 - Masters

Exchange StudentsYes

Subject particulars

Subject rules

PrerequisitesN/A

Co-requisites Advanced Corporate Reporting (ACC5CRE)

Incompatible subjectsN/A

Equivalent subjectsN/A

Special conditionsN/A

Readings

Resource TypeTitleResource RequirementAuthor and YearPublisher
ReadingsFinancial AccountingRecommendedDeegan, Craig, 2016, 8 editionMcGraw-Hill
ReadingsFinancial Accounting TheoryRecommendedDeegan, Craig, 2014, 4 editionMcGraw-Hill Irwin
ReadingsApplying International Financial ReportingRecommendedPicker et al. 3rd EditionWiley

Graduate capabilities & intended learning outcomes

01. Understand the regulatory environment of accounting as background to the consideration of particular accounting theories and regulation.

Activities:
Face-to-face lectures, online resources and tutorial activities.
Related graduate capabilities and elements:
Literacies and Communication Skills (Writing,Quantitative Literacy)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)

02. Critically evaluate specified prescriptive ("normative"), and explanatory and/or predictive ("positive") financial accounting theories

Activities:
Face-to-face lectures, online resources and tutorial activities.
Related graduate capabilities and elements:
Literacies and Communication Skills (Writing,Quantitative Literacy)
Literacies and Communication Skills (Writing,Quantitative Literacy)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Personal and Professional Skills (Teamwork including leadership and working in groups)
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

03. Understand specified accounting issues and related regulation/standards and have the capacity to critically evaluate relevant regulation/standards in the context of accounting for particular events or items.

Activities:
Face-to-face lectures, online resources and tutorial activities.
Related graduate capabilities and elements:
Literacies and Communication Skills (Writing,Quantitative Literacy)
Literacies and Communication Skills (Writing,Quantitative Literacy)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Personal and Professional Skills (Teamwork including leadership and working in groups)
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

04. Analyse and apply the accounting standards for entities in specialised industries

Activities:
Face-to-face lectures, online resources and tutorial activities.
Related graduate capabilities and elements:
Literacies and Communication Skills (Writing,Quantitative Literacy)
Literacies and Communication Skills (Writing,Quantitative Literacy)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Personal and Professional Skills (Teamwork including leadership and working in groups)
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

05. Analyse and apply the accounting standards for complex transactions

Activities:
Face-to-face lectures, online resources and tutorial activities.
Related graduate capabilities and elements:
Literacies and Communication Skills (Writing,Quantitative Literacy)
Literacies and Communication Skills (Writing,Quantitative Literacy)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Personal and Professional Skills (Teamwork including leadership and working in groups)
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

Subject options

Select to view your study options…

Start date between: and    Key dates

Melbourne, 2019, Semester 1, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorHelen Yang

Class requirements

Lecture Week: 10 - 22
One 2.0 hours lecture per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
"Two-hour weekly face-to-face lectures"

Tutorial Week: 11 - 22
One 1.0 hours tutorial per week on weekdays during the day from week 11 to week 22 and delivered via face-to-face.
"Weekly one-hour face-to-face tutorials"

Assessments

Assessment elementComments% ILO*
Mid semester test (equivalent to 1,500 words)1.5 hour closed book test normally held in Week 6 of the semester.20 01, 02, 03, 04, 05
One Group Assignment (equivalent to 1,000 words per student)Three students per group. Research assignment (Progress report 5% and Written submission 25%) 3,000 word equivalent per group which equates to 1,000 words per student).30 02, 03, 04, 05
Fiinal examination (equivalent to 3,000 words)3 hour closed book examination.50 01, 02, 03, 04, 05

Melbourne, 2019, Semester 2, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorHelen Yang

Class requirements

Lecture Week: 31 - 43
One 2.0 hours lecture per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.

WorkShop Week: 31 - 43
One 1.0 hours workshop per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
Mid semester test (equivalent to 1,500 words)1.5 hour closed book test normally held in Week 6 of the semester.20 01, 02, 03, 04, 05
One Group Assignment (equivalent to 1,000 words per student)Three students per group. Research assignment (Progress report 5% and Written submission 25%) 3,000 word equivalent per group which equates to 1,000 words per student).30 02, 03, 04, 05
Fiinal examination (equivalent to 3,000 words)3 hour closed book examination.50 01, 02, 03, 04, 05

Sydney, 2019, Study Period 1, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorHelen Yang

Class requirements

Lecture Week: 10 - 22
One 2.0 hours lecture per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.

WorkShop Week: 10 - 22
One 1.0 hours workshop per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
Mid semester test (equivalent to 1,500 words)1.5 hour closed book test normally held in Week 6 of the semester.20 01, 02, 03, 04, 05
One Group Assignment (equivalent to 1,000 words per student)Three students per group. Research assignment (Progress report 5% and Written submission 25%) 3,000 word equivalent per group which equates to 1,000 words per student).30 02, 03, 04, 05
Fiinal examination (equivalent to 3,000 words)3 hour closed book examination.50 01, 02, 03, 04, 05

Sydney, 2019, Study Period 2, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorHelen Yang

Class requirements

Lecture Week: 31 - 42
One 2.0 hours lecture per week on weekdays during the day from week 31 to week 42 and delivered via face-to-face.

WorkShop Week: 31 - 42
One 1.0 hours workshop per week on weekdays during the day from week 31 to week 42 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
Mid semester test (equivalent to 1,500 words)1.5 hour closed book test normally held in Week 6 of the semester.20 01, 02, 03, 04, 05
One Group Assignment (equivalent to 1,000 words per student)Three students per group. Research assignment (Progress report 5% and Written submission 25%) 3,000 word equivalent per group which equates to 1,000 words per student).30 02, 03, 04, 05
Fiinal examination (equivalent to 3,000 words)3 hour closed book examination.50 01, 02, 03, 04, 05

Sydney, 2019, Study Period 3, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorHelen Yang

Class requirements

Lecture
One 2.0 hours lecture per week on weekdays during the day and delivered via face-to-face.

WorkShop
One 1.0 hours workshop per week on weekdays during the day and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
Mid semester test (equivalent to 1,500 words)1.5 hour closed book test normally held in Week 6 of the semester.20 01, 02, 03, 04, 05
One Group Assignment (equivalent to 1,000 words per student)Three students per group. Research assignment (Progress report 5% and Written submission 25%) 3,000 word equivalent per group which equates to 1,000 words per student).30 02, 03, 04, 05
Fiinal examination (equivalent to 3,000 words)3 hour closed book examination.50 01, 02, 03, 04, 05