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.

School: La Trobe Business School (Pre 2022)

Credit points: 15

Subject Co-ordinator:

Available to Study Abroad/Exchange Students: Yes

Subject year level: Year Level 3 - UG

Available as Elective: No

Learning Activities: N/A

Capstone subject: No

Subject particulars

Subject rules

Prerequisites: ACC1AMD AND (ECO1DSM OR ECO1IMI)

Co-requisites: N/A

Incompatible subjects: ACC3AAP

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

N/A

Resource Type: Other resource

Resource Requirement: Prereading

Author: Various journal articles, standards and case studies

Year: N/A

Edition/Volume: N/A

Publisher: N/A

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
DISCIPLINE KNOWLEDGE AND SKILLS
INQUIRY AND ANALYSIS - Creativity and Innovation
INQUIRY AND ANALYSIS - Critical Thinking and Problem Solving
INQUIRY AND ANALYSIS - Research and Evidence-Based Inquiry
PERSONAL AND PROFESSIONAL - Leadership and Teamwork

Intended Learning Outcomes

01. Describe the nature and need for the framework for public sector accounting, and financial reporting in the public sector
02. Describe and discuss the systems of public sector accountability and the dynamics of these systems
03. Discuss recent reforms to accounting in the public sector and their effects
04. Review literature, collect data and write a short report on a public sector issue
05. Read, summarise and present an academic article in class
Subject not currently offered - Subject options not available.