AC301 Accounting Theory
DESCRIPTION
This unit is designed to assist students to the understand the role of research and theory in the working environment. The unit specifically aims to provide the relevant exposure to critically evaluate accounting theories and understand their influence in an organisation. Primarily the unit deals with understanding of the
standardisation of accounting practices globally considering the various cultural aspects.
RELEVANT COURSES
*Core unit
CREDIT POINTS
10
DELIVERY MODE
On campus
Intensive
Extensive
PREREQUISITE OR CO-REQUISITE
AC101 Accounting I
UNIT LEARNING OUTCOMES
LO1 Evaluate the role of research and theory in accounting
LO2 Critically evaluate a number of accounting theories
LO3 Justify the selection of an accounting theory in specific contexts
LO4 Critique issues with the standardisation of accounting practices across a culturally diverse global environment
CONTENT
Introduction to accounting theory
Understanding the financial reporting environment
Regulations that govern financial accounting
Normative theories of accounting
Positive accounting theory
Unregulated corporate reporting decisions: Considerations of systems-oriented theories
Accounting for the effects of changing prices and market conditions
Reactions of capital markets to financial reporting
Introduction to international accounting
Extending corporate accountability: The incorporation of social and environmental factors within external reporting
Critical perspectives of accounting and reactions of individuals to financial reporting: An examination of behavioural research in accounting
ASSESSMENT METHODS
1. Presentation - 20%
2. Written Assessment - 30%
3. Exam - 50%
PRESCRIBED READINGS
Ardiansyah, M. (2022). Accounting conservatism in the perspective of positive accounting theory: A study of Islamic banking in Indonesia. Asian Economic and Financial Review, 12(6): 380-396
Check with the lecturer each semester before purchasing any textbooks