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Undergraduate USA-ACG35-2021

Contemporary Issues in Accounting

Broaden your knowledge of financial accounting theories and how they're formulated.

Appraise the role of professional accounting societies. Dig into proposed accounting principle reforms. Highlight the core approaches to accounting research.

From

$1,813 $2,875

Your upfront cost: $0

International student?

Duration

13 weeks

Study method

100% online

Available loans

  • HECS-HELP
  • FEE-HELP

Assessments

Subjects may require attendance

Prior study

Not required

Study terms

  • 31 May 2021
  • 29 Nov 2021
University of South Australia - Logo

The University of South Australia, UniSA, is ranked in the top 10 universities nationally and amongst the very best young universities in the world. They offer over 200 world-class degrees that are informed by industry and delivered with a highly practical approach to teaching and learning. In fact, they are South Australia’s number one university for graduate careers. They are a valuable partner with Open Universities Australia.

QS RANKING 2021

17

Times Higher Education Ranking 2021

23

  • 2021

Subject details

What you'll learn

At the completion of this subject students will be able to:

  1. Demonstrate an understanding of the role of the practising accountant and their professional societies in the development of accounting principles.
  2. Demonstrate an understanding of dominant approaches in accounting research.
  3. Appraise the theoretical validity and practical feasibility of proposed solutions for the reform of accounting principles.
  4. Apply the main features of accounting reforms.
Topics covered
    • The Financial Reporting Environment
    • Regulation: Standard Setting and the Effects of IFRS
    • Measurement Issues 1: Valuation in Changing Prices and Market Conditions
    • Measurement Issues 2: Conceptual Framework
    • Measurement Issues 3: Accounting Policy Choice
    • Unregulated Decision-Making
    • Measurement and Recognition Issues in Practice 1: Accounting for Agriculture
    • Measurement and Recognition Issues in Practice 2: Accounting for Financial Instruments
    • Market and Behavioural Reactions to Financial Reporting
Entry requirements

You must either have successfully completed the following subject(s) before starting this subject, or currently be enrolled in the following subject(s) in a prior study period; or enrol in the following subject(s) to study prior to this subject:

USA-ACG27-Financial Accounting 2 ;

Please note that your enrolment in this subject is conditional on successful completion of these prerequisite subject(s). If you study the prerequisite subject(s) in the study period immediately prior to studying this subject, your result for the prerequisite subject(s) will not be finalised prior to the close of enrolment. In this situation, should you not complete your prerequisite subject(s) successfully you should not continue with your enrolment in this subject. If you are currently enrolled in the prerequisite subject(s) and believe you may not complete these all successfully, it is your responsibility to reschedule your study of this subject to give you time to re-attempt the prerequisite subject(s)

Others

Students should have completed 16 OUA subjects of study from the University of South Australia's Bachelor of Accounting prior to attempting this subject.

Special requirements

  • SoftwareDetails - Suitable software to complete an audio-visual presentation
Description

The aim of this subject is to extend your knowledge and understanding of financial accounting theory and the difficulties of formulating accounting theories. 

This subject with cover: Nature of theory and theory testing; accounting policy choice; normative theory, positive accounting theory; capital market research (CMR); behavioural research; critical perspectives of accounting; latest developments and current issues in accounting.

Assessments

  • Case Study - 1000 Words Brief & Presentation (50%)
  • Invigilated Exam - 3 hours (50%)
Textbooks

Check the learning management system (LMS) of your university for textbook details.

Check the learning management system (LMS) of your university for textbook details.

Related degrees

Undergraduate USA-ACC-DEG-2021

Bachelor of Accounting

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