Advanced Issues in Accounting PG (11788.2)

This unit provides a study of advanced issues in 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 and includes a critical assessment of the values and assumptions underlying accounting systems from a research perspective. To ground the study of advanced issues, the unit explores consolidation accounting, social and environmental accounting and integrated reporting as illustrations of complex professional judgement and the extension of the professional accounting role. This unit also explores ethics and current emerging issues in accounting.

Learning outcomes

On successful completion of this unit, students will be able to:
1. Critically evaluate the nature of accounting; and critically examine different approaches to theory and research in accounting shaping and transforming society;
2. Apply relevant accounting standards to transactions and events in order to produce general purpose financial statements;
3. Exercise judgment skills in assessing financial and non-financial data including sustainability reports, integrated reports and extended external reporting; and
4. Evaluate the current and relevant national and international developments in financial reporting and information.

Graduate attributes

1. UC graduates are professional - employ up-to-date and relevant knowledge and skills
1. UC graduates are professional - communicate effectively
1. UC graduates are professional - use creativity, critical thinking, analysis and research skills to solve theoretical and real-world problems
1. UC graduates are professional - work collaboratively as part of a team, negotiate, and resolve conflict
2. UC graduates are global citizens - think globally about issues in their profession
2. UC graduates are global citizens - understand issues in their profession from the perspective of other cultures
2. UC graduates are global citizens - communicate effectively in diverse cultural and social settings
2. UC graduates are global citizens - behave ethically and sustainably in their professional and personal lives
3. UC graduates are lifelong learners - reflect on their own practice, updating and adapting their knowledge and skills for continual professional and academic development
3. UC graduates are lifelong learners - adapt to complexity, ambiguity and change by being flexible and keen to engage with new ideas

Prerequisites

11403 Corporate Accounting PG

Corequisites

None.

Incompatible units

6228 Contemporary Issues in Accounting PG

Equivalent units

None.

Assumed knowledge

None.