|Short Description:||Accounting Theory|
|Faculty or Section :||Faculty of Business, Education, Law and Arts|
|School or Department :||School of Commerce|
|Student contribution band :||Band 3|
|ASCED code :||080101 - Accounting|
|Grading basis :||Graded|
Pre-requisite: (ACC5200 or ACC5202) and ACC8000
Students are required to have access to a personal computer, e-mail capabilities and Internet access to UConnect. Current details of computer requirements can be found at http://www.usq.edu.au/current-students/support/computing/hardware.
This course develops the threshold learning outcomes in the areas of knowledge and application skills. Students are introduced to the theory that underpins financial and management accounting practice. Using established accounting theories, the factors or incentives that exist for preparers of financial reports are investigated. These factors require consideration when making financial reporting decisions or evaluating the decisions of others. The primary objective of this course is to overlay theory concepts and a framework to accounting practice from a critical perspective so students see the relevance of theory to practice. This includes an investigation of the popular theories and evidence in regard to financial reporting. The financial reporting issues addressed include the choice of accounting methods, voluntary disclosures, environmental performance reporting, behavioural accounting research and the regulation of financial reporting. Students will synthesise their learned knowledge of accounting from separate courses and take a critical look at theory and practice of accounting.