INTERNATIONAL ACCOUNTING

ACC3IAC

2020

Credit points: 15

Subject outline

The purpose of this subject is to increase your understanding of the social, political, economic and cultural factors that may lead to diversity of national accounting systems throughout the world and the problems that this diversity may cause for both companies; users of corporate annual reports and financial markets. This subject will increase your understanding of how the global international financial community has responded to this challenge through the International Accounting Standards Board and International Financial Reporting Standards.

School: La Trobe Business School (Pre 2022)

Credit points: 15

Subject Co-ordinator: Justin Lachal

Available to Study Abroad/Exchange Students: Yes

Subject year level: Year Level 3 - UG

Exchange Students: No

Available as Elective: No

Learning Activities: N/A

Capstone subject: No

Subject particulars

Subject rules

Prerequisites: ACC2CRE

Co-requisites: N/A

Incompatible subjects: N/A

Equivalent subjects: N/A

Quota Management Strategy: N/A

Quota-conditions or rules: N/A

Special conditions: N/A

Minimum credit point requirement: N/A

Assumed knowledge: N/A

Learning resources

Comparative International Accounting

Resource Type: Book

Resource Requirement: Prescribed

Author: Nobes, C., and Parker, R.

Year: 2020

Edition/Volume: 14th Edition

Publisher: Prentice-Hall International (UK) Limited, Hertfordshire.

ISBN: N/A

Chapter/article title: N/A

Chapter/issue: N/A

URL: N/A

Other description: N/A

Source location: N/A

Career Ready

Career-focused: No

Work-based learning: No

Self sourced or Uni sourced: N/A

Entire subject or partial subject: N/A

Total hours/days required: N/A

Location of WBL activity (region): N/A

WBL addtional requirements: N/A

Graduate capabilities & intended learning outcomes

Graduate Capabilities

COMMUNICATION - Communicating and Influencing

COMMUNICATION - Cultural Intelligence and Global Perspective

DISCIPLINE KNOWLEDGE AND SKILLS

INQUIRY AND ANALYSIS - Critical Thinking and Problem Solving

INQUIRY AND ANALYSIS - Research and Evidence-Based Inquiry

PERSONAL AND PROFESSIONAL - Ethical and Social Responsibility

Intended Learning Outcomes

01. Explain the role and use of information for financial reporting and the problems this diversity may generate.

02. Analyse and explain the major factors influencing the development of accounting and information disclosure in the global economy.

03. Explain and critique the role of international accounting in developing economies.

04. Compare and contrast the financial reporting practices and regulatory frameworks of a variety of countries

05. Assess the arguments for and against international harmonization and the role of the International Accounting Standards Board (IASB and other global and regional bodies

06. Describe, contrast and evaluate the solutions that the IASB has developed to a number of key international financial reporting issues

07. Critically appraise the extent to which the IASB and International Financial Reporting Standards (IFRSs could help towards more sustainable forms of business practice

Albury-Wodonga, 2020, Winter semester, Online

Overview

Online enrolment: Yes

Maximum enrolment size: N/A

Enrolment information: N/A

Subject Instance Co-ordinator: Justin Lachal

Class requirements

Scheduled Online ClassWeek: 27 - 28
Five 2.00 hours scheduled online class other recurrence on any day including weekend at night from week 27 to week 28 and delivered via online.
During the study period, students will have the option to attend online discussion sessions in which they discuss subject content with other students and the subject coordinator.

Assessments

Assessment element	Comments	Category	Contribution	Hurdle	%	ILO*
Learning Journal (equivalent to 500 words)	N/A	N/A	N/A	No	10	SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7
Written Report (equivalent to 1,000 words)	N/A	N/A	N/A	No	30	SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7
3-hour final examination (equivalent to 3,000 words)	N/A	N/A	N/A	No	60	SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7

Bendigo, 2020, Winter semester, Online

Overview

Online enrolment: Yes

Maximum enrolment size: N/A

Enrolment information: N/A

Subject Instance Co-ordinator: Justin Lachal

Class requirements

Assessments

Assessment element	Comments	Category	Contribution	Hurdle	%	ILO*
Learning Journal (equivalent to 500 words)	N/A	N/A	N/A	No	10	SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7
Written Report (equivalent to 1,000 words)	N/A	N/A	N/A	No	30	SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7
3-hour final examination (equivalent to 3,000 words)	N/A	N/A	N/A	No	60	SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7

Melbourne (Bundoora), 2020, Winter semester, Online

Overview

Online enrolment: Yes

Maximum enrolment size: N/A

Enrolment information: N/A

Subject Instance Co-ordinator: Justin Lachal

Class requirements

Assessments

Assessment element	Comments	Category	Contribution	Hurdle	%	ILO*
Learning Journal (equivalent to 500 words)	N/A	N/A	N/A	No	10	SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7
Written Report (equivalent to 1,000 words)	N/A	N/A	N/A	No	30	SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7
3-hour final examination (equivalent to 3,000 words)	N/A	N/A	N/A	No	60	SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7

Mildura, 2020, Winter semester, Online

Overview

Online enrolment: Yes

Maximum enrolment size: N/A

Enrolment information: N/A

Subject Instance Co-ordinator: Justin Lachal

Class requirements

Assessments

Assessment element	Comments	Category	Contribution	Hurdle	%	ILO*
Learning Journal (equivalent to 500 words)	N/A	N/A	N/A	No	10	SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7
Written Report (equivalent to 1,000 words)	N/A	N/A	N/A	No	30	SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7
3-hour final examination (equivalent to 3,000 words)	N/A	N/A	N/A	No	60	SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7

Shepparton, 2020, Winter semester, Online

Overview

Online enrolment: Yes

Maximum enrolment size: N/A

Enrolment information: N/A

Subject Instance Co-ordinator: Justin Lachal

Class requirements

Assessments

Assessment element	Comments	Category	Contribution	Hurdle	%	ILO*
Learning Journal (equivalent to 500 words)	N/A	N/A	N/A	No	10	SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7
Written Report (equivalent to 1,000 words)	N/A	N/A	N/A	No	30	SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7
3-hour final examination (equivalent to 3,000 words)	N/A	N/A	N/A	No	60	SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7