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. 

SchoolLa Trobe Business School

Credit points15

Subject Co-ordinatorJustin Lachal

Available to Study Abroad StudentsYes

Subject year levelYear Level 3 - UG

Exchange StudentsYes

Subject particulars

Subject rules

Prerequisites ACC2CRE

Co-requisitesN/A

Incompatible subjectsN/A

Equivalent subjectsN/A

Special conditionsN/A

Readings

Resource TypeTitleResource RequirementAuthor and YearPublisher
ReadingsComparative International Accounting, 14th EditionPrescribedNobes, C., and Parker, R., (2020)Prentice-Hall International (UK) Limited, Hertfordshire.

Graduate capabilities & intended learning outcomes

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

Activities:
Online Lectures; Forum and Other Online Discussion Activities; Online Tutorial Questions; Learning Journal; Written Report
Related graduate capabilities and elements:
Literacies and Communication Skills (Writing,Cultural Literacy)
Inquiry and Analytical Skills (Critical Thinking,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Inquiry/Research)
Personal and Professional Skills (Ethical behaviour,Study and Learning Skills)

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

Activities:
Online Lectures; Forum and Other Online Discussion Activities; Online Tutorial Questions; Learning Journal; Written Report
Related graduate capabilities and elements:
Literacies and Communication Skills (Writing,Cultural Literacy)
Literacies and Communication Skills (Writing,Cultural Literacy)
Inquiry and Analytical Skills (Critical Thinking,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Inquiry/Research)
Personal and Professional Skills (Ethical behaviour,Study and Learning Skills)
Personal and Professional Skills (Ethical behaviour,Study and Learning Skills)

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

Activities:
Online Lectures; Forum and Other Online Discussion Activities; Online Tutorial Questions; Learning Journal; Written Report
Related graduate capabilities and elements:
Literacies and Communication Skills (Writing,Cultural Literacy)
Literacies and Communication Skills (Writing,Cultural Literacy)
Inquiry and Analytical Skills (Critical Thinking,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Inquiry/Research)
Personal and Professional Skills (Ethical behaviour,Study and Learning Skills)
Personal and Professional Skills (Ethical behaviour,Study and Learning Skills)
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

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

Activities:
Online Lectures; Forum and Other Online Discussion Activities; Online Tutorial Questions; Learning Journal; Written Report
Related graduate capabilities and elements:
Literacies and Communication Skills (Writing,Cultural Literacy)
Literacies and Communication Skills (Writing,Cultural Literacy)
Inquiry and Analytical Skills (Critical Thinking,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Inquiry/Research)
Personal and Professional Skills (Ethical behaviour,Study and Learning Skills)
Personal and Professional Skills (Ethical behaviour,Study and Learning Skills)
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

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

Activities:
Online Lectures; Forum and Other Online Discussion Activities; Online Tutorial Questions; Learning Journal; Written Report
Related graduate capabilities and elements:
Literacies and Communication Skills (Writing,Cultural Literacy)
Literacies and Communication Skills (Writing,Cultural Literacy)
Inquiry and Analytical Skills (Critical Thinking,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Inquiry/Research)
Personal and Professional Skills (Ethical behaviour,Study and Learning Skills)
Personal and Professional Skills (Ethical behaviour,Study and Learning Skills)
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

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

Activities:
Online Lectures; Forum and Other Online Discussion Activities; Online Tutorial Questions; Learning Journal; Written Report
Related graduate capabilities and elements:
Literacies and Communication Skills (Writing,Cultural Literacy)
Literacies and Communication Skills (Writing,Cultural Literacy)
Inquiry and Analytical Skills (Critical Thinking,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Inquiry/Research)
Personal and Professional Skills (Ethical behaviour,Study and Learning Skills)
Personal and Professional Skills (Ethical behaviour,Study and Learning Skills)
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

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

Activities:
Online Lectures; Forum and Other Online Discussion Activities; Online Tutorial Questions; Learning Journal; Written Report
Related graduate capabilities and elements:
Literacies and Communication Skills (Writing,Cultural Literacy)
Literacies and Communication Skills (Writing,Cultural Literacy)
Inquiry and Analytical Skills (Critical Thinking,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Inquiry/Research)
Personal and Professional Skills (Ethical behaviour,Study and Learning Skills)
Personal and Professional Skills (Ethical behaviour,Study and Learning Skills)
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

Subject options

Select to view your study options…

Start date between: and    Key dates

Albury-Wodonga, 2020, Winter semester, Online

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorJustin Lachal

Class requirements

Scheduled Online Class Week: 27 - 28
Five 2.0 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 elementComments% ILO*
Learning Journal (equivalent to 500 words)10 01, 02, 03, 04, 05, 06, 07
Written Report (equivalent to 1,000 words)30 01, 02, 03, 04, 05, 06, 07
3-hour final examination (equivalent to 3,000 words)60 01, 02, 03, 04, 05, 06, 07

Bendigo, 2020, Winter semester, Online

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorJustin Lachal

Class requirements

Scheduled Online Class Week: 27 - 28
Five 2.0 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 elementComments% ILO*
Learning Journal (equivalent to 500 words)10 01, 02, 03, 04, 05, 06, 07
Written Report (equivalent to 1,000 words)30 01, 02, 03, 04, 05, 06, 07
3-hour final examination (equivalent to 3,000 words)60 01, 02, 03, 04, 05, 06, 07

Melbourne, 2020, Winter semester, Online

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorJustin Lachal

Class requirements

Scheduled Online Class Week: 27 - 28
Five 2.0 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 elementComments% ILO*
Learning Journal (equivalent to 500 words)10 01, 02, 03, 04, 05, 06, 07
Written Report (equivalent to 1,000 words)30 01, 02, 03, 04, 05, 06, 07
3-hour final examination (equivalent to 3,000 words)60 01, 02, 03, 04, 05, 06, 07

Mildura, 2020, Winter semester, Online

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorJustin Lachal

Class requirements

Scheduled Online Class Week: 27 - 28
Five 2.0 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 elementComments% ILO*
Learning Journal (equivalent to 500 words)10 01, 02, 03, 04, 05, 06, 07
Written Report (equivalent to 1,000 words)30 01, 02, 03, 04, 05, 06, 07
3-hour final examination (equivalent to 3,000 words)60 01, 02, 03, 04, 05, 06, 07

Shepparton, 2020, Winter semester, Online

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorJustin Lachal

Class requirements

Scheduled Online Class Week: 27 - 28
Five 2.0 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 elementComments% ILO*
Learning Journal (equivalent to 500 words)10 01, 02, 03, 04, 05, 06, 07
Written Report (equivalent to 1,000 words)30 01, 02, 03, 04, 05, 06, 07
3-hour final examination (equivalent to 3,000 words)60 01, 02, 03, 04, 05, 06, 07