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.

SchoolLa Trobe Business School

Credit points15

Subject Co-ordinator

Available to Study Abroad/Exchange StudentsYes

Subject year levelYear Level 3 - UG

Available as ElectiveNo

Learning ActivitiesLecture and tutorials

Capstone subjectNo

Subject particulars

Subject rules

PrerequisitesACC1AMD AND (ECO1IMI OR ECO1DSM)

Co-requisitesN/A

Incompatible subjectsACC3AAP

Equivalent subjectsN/A

Quota Management StrategyN/A

Quota-conditions or rulesN/A

Special conditionsN/A

Minimum credit point requirementN/A

Assumed knowledgeN/A

Readings

N/A

Resource TypePrereading

Resource RequirementN/A

AuthorVarious journal articles, standards and case studies

YearN/A

Edition/VolumeN/A

PublisherN/A

ISBNN/A

Chapter/article titleN/A

Chapter/issueN/A

URLN/A

Other descriptionN/A

Source locationN/A

Career Ready

Career-focusedNo

Work-based learningNo

Self sourced or Uni sourcedN/A

Entire subject or partial subjectN/A

Total hours/days requiredN/A

Location of WBL activity (region)N/A

WBL addtional requirementsN/A

Graduate capabilities & intended learning outcomes

Graduate Capabilities

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 options

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Subject not currently offered - Subject options not available.