Advanced Issues in Accounting (11767.1)
|Available teaching periods||Delivery mode||Location|
|View teaching periods|| Flexible
|| UC - Canberra, Bruce
|0.125||3||Faculty Of Business, Government & Law|
|Discipline||Study level||HECS Bands|
|Canberra Business School||Level 3 - Undergraduate Advanced Unit|| Band 4 2021 (Commenced After 1 Jan 2021)
Band 4 2021 (Commenced After 1 Jan Social Work_Exclude 0905)
Band 5 2021 (Commenced Before 1 Jan 2021)
Learning outcomesAfter successful completion of this unit, students will be able to:
1. Prepare general purpose financial statements, including consolidated financial statements, in accordance with AASBs;
2. Prepare, analyse and interpret financial statements and related disclosures;
3. Interpret reports including financial and non-financial data and information such as sustainability reports, integrated reports and extended external reporting;
4. Discuss the theoretical principles underlying accounting practice; and
5. Discuss current national and international developments in financial reporting and information.
Graduate attributes1. UC graduates are professional - communicate effectively
1. UC graduates are professional - display initiative and drive, and use their organisation skills to plan and manage their workload
1. UC graduates are professional - employ up-to-date and relevant knowledge and skills
1. UC graduates are professional - take pride in their professional and personal integrity
2. UC graduates are global citizens - understand issues in their profession from the perspective of other cultures
3. UC graduates are lifelong learners - adapt to complexity, ambiguity and change by being flexible and keen to engage with new ideas
3. UC graduates are lifelong learners - evaluate and adopt new technology
2. UC graduates are global citizens - adopt an informed and balanced approach across professional and international boundaries
1. UC graduates are professional - use creativity, critical thinking, analysis and research skills to solve theoretical and real-world problems
Prerequisites11214 Corporate Accounting
|Year||Location||Teaching period||Teaching start date||Delivery mode||Unit convener|
|2022||UC - Canberra, Bruce||Semester 1||07 February 2022||Flexible||Dr David Carter|
|2022||UC - Canberra, Bruce||Semester 2||01 August 2022||Flexible||Dr David Carter|
|2023||UC - Canberra, Bruce||Semester 1||06 February 2023||Flexible||Dr David Carter|
There are two textbooks associated with this unit:
The first is the same text as used in 11214 Corporate Accounting
Loftus, J., Leo, K., Daniliuc, S., Boys, N., Luke, B., Ang, H., & Byrnes, K. (2020). Financial reporting in Australia (3rd ed.). Milton: John Wiley & Sons Australia.
The second is a book on Financial Accounting Theory:
Deegan, C. (2014) Financial Accounting Theory (4 ed) North Ryde: McGraw-Hill Education
There are a number of copies of this in the library, but the following link below will take you to the publisher's website if you wish to buy access to a copy:
Additional Recommended Textbooks
Note that there are a number of Accounting Theory and Financial Accounting textbooks in the library. Each will present the information in slightly different ways. We encourage you to read these textbooks in a critical and reflexive manner.
Gaffikin, M. (2008) Accounting Theory: Research, Regulation and Accounting Practice, Pearson Education, Sydney. Available from the co-op bookshop on campus and in the library.
Rankin M. et al (2012), Contemporary Issues in Accounting, 1st Ed., John Wiley & Sons, Australia Ltd. Available from the co-op bookshop on campus.
Leo et al. (2017). Company Accounting (10th ed). Milton: John Wiley & Sons Australia.
Hoggett et al. (2021). Financial Accounting (11th ed). Milton: John Wiley & Sons Australia
It is expected that you will read journal articles in this unit. The main journal databases for accounting (and these can be accessed through the library as well) include:
On Science Direct, you have access to major accounting journals including Accounting, Organizations and Society, Critical Perspectives on Accounting, the British Accounting Review and others.
On Emerald, there are a number of accounting journals, but most useful for this unit is the Accounting, Auditing and Accountability Journal.
Other leading accounting journals include The Accounting Review, Journal of Accounting Research, Contemporary Accounting Review, Journal of Accounting and Economics.
Submission of assessment items
Extensions & Late submissions
Final grades in this subject will be assessed according to performance in each of the assessment items identified above. In order to pass this unit, you must obtain:
- an overall total score of at least 50% AND
- submit all assessment items marked as mandatory.
Students must achieve a minimum of 50% of the total marks available in this unit to pass this unit.
Students have a responsibility to uphold University standards on ethical scholarship. Good scholarship involves building on the work of others and use of others' work must be acknowledged with proper attribution made. Cheating, plagiarism, and falsification of data are dishonest practices that contravene academic values. Refer to the University's Student Charter for more information.
To enhance understanding of academic integrity, all students are expected to complete the Academic Integrity Module (AIM) at least once during their course of study. You can access this module within UCLearn (Canvas) through the 'Academic Integrity and Avoiding Plagiarism' link in the Study Help site.
Use of Text-Matching Software
The University of Canberra uses text-matching software to help students and staff reduce plagiarism and improve understanding of academic integrity. The software matches submitted text in student assignments against material from various sources: the internet, published books and journals, and previously submitted student texts.
You are encouraged strongly to attend all workshops and watch, consider and reflect on lectures and readings. You should be prepared for active attendance – note taking, answering questions, sharing ideas, engage in classes etc. Listening at home or reading someone else's notes is pedagogically less stimulating than your own participation. Students are expected to be on time for classes. All classes will start exactly at the scheduled starting time. Past experience indicates that student who do not attend classes have difficulty passing the subject. Please note that participation in and contributions in workshops not only fosters student learning. So students are strongly encouraged to attend all workshops and contribute by actively participating.
Required IT skills
This unit will likely involve online meetings in real time using the Virtual Room in your UCLearn teaching site. The Virtual Room allows you to communicate in real time with your lecturer and other students. To participate verbally, rather than just typing, you will need a microphone. For best audio quality we recommend a microphone and speaker headset. For more information and to test your computer, go to the Virtual Room in your UCLearn site and 'Join Course Room'. This will trigger a tutorial to help familiarise you with the functionality of the virtual room.
Students are expected to be able to use Microsoft Word in addition to University systems available over the Internet (e.g. MyUC, Email, E-Reserve, Canvas, Library Catalogue, and Library Databases). Students are encouraged to use Zotero, Endnote or RefWorks for managing references for their research assignment.
Work placement, internships or practicums
There are no work placements, internships or practicums components in this unit.