Financial Accounting

Subject ACCT90013 (2016)

Note: This is an archived Handbook entry from 2016.

Credit Points: 12.5
Level: 9 (Graduate/Postgraduate)
Dates & Locations:

This subject has the following teaching availabilities in 2016:

Semester 1, Parkville - Taught on campus.
Pre-teaching Period Start not applicable
Teaching Period 29-Feb-2016 to 29-May-2016
Assessment Period End 24-Jun-2016
Last date to Self-Enrol 11-Mar-2016
Census Date 31-Mar-2016
Last date to Withdraw without fail 06-May-2016

Semester 2, Parkville - Taught on campus.
Pre-teaching Period Start not applicable
Teaching Period 25-Jul-2016 to 23-Oct-2016
Assessment Period End 18-Nov-2016
Last date to Self-Enrol 05-Aug-2016
Census Date 31-Aug-2016
Last date to Withdraw without fail 23-Sep-2016

Timetable can be viewed here. For information about these dates, click here.
Time Commitment: Contact Hours: One 3-hour seminar per week
Total Time Commitment:

Estimated total time commitment of 120 hours per semester


ACCT90012 Corporate Reporting or equivalent

Study Period Commencement:
Credit Points:
Semester 1, Semester 2
Corequisites: None
Recommended Background Knowledge: None
Non Allowed Subjects: None
Core Participation Requirements:

For the purposes of considering request for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Student Support and Engagement Policy, academic requirements for this subject are articulated in the Subject Overview, Learning Outcomes, Assessment and Generic Skills sections of this entry.

It is University policy to take all reasonable steps to minimise the impact of disability upon academic study, and reasonable adjustments will be made to enhance a student's participation in the University's programs. Students who feel their disability may impact on meeting the requirements of this subject are encouraged to discuss this matter with a Faculty Student Adviser and Student Equity and Disability Support:


Assoc Prof Flora Kuang, Dr Jagjit Kaur


Semester 1: Jagjit Kaur

Semester 2: Flora Kuang

Subject Overview:

Analysis of contemporary accounting issues within the frameworks of agency theory, capital markets theory and human judgement theory. The aim is to develop a critical understanding of established theories and assumptions underpinning financial accounting.

Learning Outcomes:

On successful completion of this subject, students should be able to:

  • Analyse the role of theory development in explaining accounting behaviour;
  • Evaluate the principal existing theories that explain the production and/or usage of financial accounting reports;
  • Describe and critically evaluate the accounting regulatory process;
  • Explain the principles that underlie the recognition and measurement of core accounting concepts and critically analyse their shortcomings;
  • Evaluate the impact of globalisation on contemporary financial accounting practice;
  • Synthesise the range of emerging issues in financial accounting.
  • 3-hour end-of-semester examination (70%)
  • 2000 word assignment due between Week 7 and Week 9 (20%)
  • Seminar presentations and participation (ongoing) (10%)

Note: Successful completion requires a pass (50%) in the final exam.

Prescribed Texts:

You will be advised of prescribed texts by your lecturer.

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 respect of the body of knowledge of the accounting discipline;
  • Explanation of how a body of knowledge is created and disseminated;
  • Application of theory to practice;
  • Analysis of accounting problems and issues by applying conceptual frameworks;
  • Oral and written communication, particularly in relation to the presentation of a logical, authoritative argument;
  • Collaborative learning and teamwork.

This subject cannot be taken by Master of Accounting students except with the permission of the Program Director, Master of Accounting.

Related Course(s): Master of Accounting
Master of Management (Accounting and Finance)
Master of Management (Accounting)
Master of Management (Accounting)
Related Majors/Minors/Specialisations: 150 Point Master of Management (Accounting)
Master of International Business electives

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