Advanced Financial Accounting

Subject ACCT90019 (2010)

Note: This is an archived Handbook entry from 2010.

Credit Points: 12.50
Level: 9 (Graduate/Postgraduate)
Dates & Locations:

This subject has the following teaching availabilities in 2010:

Semester 1, Parkville - Taught on campus.
Pre-teaching Period Start not applicable
Teaching Period not applicable
Assessment Period End not applicable
Last date to Self-Enrol not applicable
Census Date not applicable
Last date to Withdraw without fail not applicable

Timetable can be viewed here. For information about these dates, click here.
Time Commitment: Contact Hours: 36 hours of seminars
Total Time Commitment: Estimated total time commitment of 120 hours per semester
Prerequisites: Acceptance into the Master of Commerce by Coursework (Specialisation in Accounting and Business Information Systems) or the PhD program; 306-301 Financial Accounting (or equivalent) and permission of the Head of the Department.
Corequisites: None
Recommended Background Knowledge: None
Non Allowed Subjects: None
Core Participation Requirements:

For the purposes of considering requests for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Students Experiencing Academic Disadvantage Policy, academic requirements for this subject are articulated in the Subject Description, Subject Objectives, Generic Skills and Assessment Requirements for this entry.

The University is dedicated to provide support to those with special requirements. Further details on the disability support scheme can be found at the Disability Liaison Unit website:


Prof Nasser A. Spear


Department of Accounting and Business Information Systems
Level 7, 198 Berkeley Street
The University of Melbourne

Phone: (+61 3) 8344 5475
Fax: (+61 3) 9349 2397

Subject Overview: An appraisal of the empirical literature in financial accounting. Emphasis is placed on the role of accounting information in capital markets, contracting and regulation. A major part of this subject will be the development of a research proposal.
Objectives: On successful completion of this subject, students should be able to:
  • Apply alternative paradigms to explain financial accounting practices;
  • Explain how accounting practices influence decision-making at macro-economic and micro-economic levels;
  • Evaluate the role of accounting information in security valuation;
  • Describe how accounting and accounting regulation impact upon firm value due to the use of accounting numbers in contracting and political processes;
  • Generalise and hypothesise on the potential motivations for, and consequences, of accounting choices.
  • A take-home end-of-semester examination (30%)
  • Written assignments totalling not more than 20 pages (30%)
  • Seminar participation and presentations (40%)
Prescribed Texts: Selected Readings, Advanced Financial Accounting, Department of Accounting and Business Information Systems.
Recommended Texts: Selected Readings, Advanced Financial Accounting, Department of Accounting and Business Information Systems.
Breadth Options:

This subject is not available as a breadth subject.

Fees Information: Subject EFTSL, Level, Discipline & Census Date
Generic Skills:

On successful completion of this subject, students should have improved the following generic skills:

  • Critical thinking, particularly in relation to accounting choices and accounting regulations;
  • Evaluation of the economic influence of accounting practice;
  • Application of research methodologies to inform practice;
  • Application of alternative statistical techniques to test alternative research questions;
  • Critical thinking;
  • Oral and written communication.

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