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.
School: La Trobe Business School
Credit points: 15
Subject Co-ordinator: Helen Yang
Available to Study Abroad Students: Yes
Subject year level: Year Level 5 - Masters
Exchange Students: Yes
Subject particulars
Subject rules
Prerequisites: N/A
Co-requisites: Advanced Corporate Reporting (ACC5CRE)
Incompatible subjects: N/A
Equivalent subjects: N/A
Special conditions: N/A
Learning resources
Readings
| Resource Type | Title | Resource Requirement | Author and Year | Publisher |
|---|---|---|---|---|
| Readings | Financial Accounting | Recommended | Deegan, Craig, 2016, 8 edition | McGraw-Hill |
| Readings | Financial Accounting Theory | Recommended | Deegan, Craig, 2014, 4 edition | McGraw-Hill Irwin |
| Readings | Applying International Financial Reporting | Recommended | Picker et al. 3rd Edition | Wiley |
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)
Melbourne, 2019, Semester 1, Day
Overview
Online enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Helen Yang
Class requirements
LectureWeek: 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"
TutorialWeek: 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 element | Comments | % | 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 enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Helen Yang
Class requirements
LectureWeek: 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.
WorkShopWeek: 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 element | Comments | % | 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 enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Helen Yang
Class requirements
LectureWeek: 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.
WorkShopWeek: 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 element | Comments | % | 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 enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Helen Yang
Class requirements
LectureWeek: 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.
WorkShopWeek: 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 element | Comments | % | 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 enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Balachandran Muniandy
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 element | Comments | % | 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 |