Advanced Issues in Accounting (11767.1)

Please note these are the 2027 details for this unit
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Advanced Issues in Accounting
Available teaching periods Delivery mode Location
View teaching periods On-campus
 Bruce, Canberra
EFTSL Credit points Faculty
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)
This unit provides a study of advanced issues in financial and management accounting, perspectives on accounting regulation as well as providing a critical analysis of the nature of accounting. This unit examines the application of relevant accounting regulation into practice including a critical assessment of the values and assumptions underlying accounting systems at both the micro and macro levels of society. It examines a number of political, philosophical and critical studies that challenge more traditional practices of accounting. It also explores interrelationships between accounting and the environment, ethics and businesses. This unit also explores current emerging issues in accounting.

Learning outcomes

After 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 attributes

1. 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


Prerequisites

11214 Corporate Accounting

Corequisites

None.

Incompatible units

None.

Equivalent units

None.

Assumed knowledge

None.
Availability for enrolment in 2027 is subject to change and may not be confirmed until closer to the teaching start date.
Year Location Teaching period Teaching start date Delivery mode Unit convener
2026 Bruce, Canberra Semester 1 16 February 2026 On-campus Dr Habib Khan
2027 Bruce, Canberra Semester 1 15 February 2027 On-campus Dr Habib Khan
The information provided should be used as a guide only. Timetables may not be finalised until week 2 of the teaching period and are subject to change. Search for the unit timetable.

Required texts

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., Luke, B., Ang, H.N., Bradbury, M., Hanlon, D., Knapp, J., Boys, & Byrnes, K. (2023). Financial reporting (4th ed.). Milton: John Wiley & Sons Australia.

The second is a book on Financial Accounting Theory:

Deegan, C. (2023) Financial Accounting Theory (5th ed.), AU/NZ, Cengage Australia

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:

https://au.cengage.com/c/financial-accounting-theory-5e-deegan/9780170460491/ 

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. 

Rankin M. et al (2023), Contemporary Issues in Accounting (3rd ed.). Milton: John Wiley & Sons, Australia Ltd.

Leo et al. (2020). Company Accounting (12th ed). Milton: John Wiley & Sons Australia.

Hoggett et al. (2021). Financial Accounting (11th ed). Milton: John Wiley & Sons Australia

Journals                      

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:

ScienceDirect: www.sciencedirect.com

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.

Emerald: www.emeraldinsight.com

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 must apply academic integrity in their learning and research activities at UC. This includes submitting authentic and original work for assessments and properly acknowledging any sources used.

Academic integrity involves the ethical, honest and responsible use, creation and sharing of information. It is critical to the quality of higher education. Our academic integrity values are honesty, trust, fairness, respect, responsibility and courage.

UC students have to complete the Academic Integrity Module annually to learn about academic integrity and to understand the consequences of academic integrity breaches (or academic misconduct).

UC uses various strategies and systems, including detection software, to identify potential breaches of academic integrity. Suspected breaches may be investigated, and action can be taken when misconduct is found to have occurred.

Information is provided in the Academic Integrity Policy, Academic Integrity Procedure, and University of Canberra (Student Conduct) Rules 2023. For further advice, visit Study Skills.

Participation requirements

You are encouraged to prepare for, attend and participate actively (comment, take notes, be active) in all workshops. Active attendance involves note taking, answering questions, sharing ideas and learning from others in the class. This is the best method of preparing your own personal viewpoints for the purposes of the assessment, including the exam. Reading someone else's notes or watching a recording is pedagogically less useful than actively participating. Students are expected to be on-time for classes and please note the class is interactive.

Required IT skills

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, LearnOnline, Library Catalogue, and Library Databases).


Students are encouraged to use Zotero, Endnote or RefWorks for managing references for their assignment work.

 

As is common in the professional world, we will also be using Zoom or Blackboard Collaborate (VirtualRoom). As this unit involves online meetings in real time using Virtual Room in your UCLearn teaching site or via Zoom, you will be able 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, and or a 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. Zoom has similar testing functions.

 

When you enter the meeting room, please mute your microphone.

 

Please also note that as this is a unit associated with professional training, it makes sense that when you enter the Virtual Room, you turn on your camera to introduce yourself to the class. Equally, as is good professional training, when asking a question, seeking clarification or adding to our discussion, it would be appropriate to turn on your camera and participate actively. This is considered more appropriate than merely typing into the chat function. A professional courtesy includes practicing your professional skills by having a visual presence.

Work placement, internships or practicums

None

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