School: Business and Law

This unit information may be updated and amended immediately prior to semester. To ensure you have the correct outline, please check it again at the beginning of semester.

  • Unit Title

    Financial Accounting, Theory and Practice
  • Unit Code

    ACC3700
  • Year

    2018
  • Enrolment Period

    1
  • Version

    1
  • Credit Points

    15
  • Full Year Unit

    N
  • Mode of Delivery

    On Campus
    Online
  • Unit Coordinator

    Mr Andrew Neville PRIEST

Description

The unit extends the range of accounting standards considered in ACC2700 (Financial Reporting Standards) and sets the theoretical foundation for the preparation and presentation of corporate financial statements. Students will be able to apply and evaluate selected theories in solving practical problems/current issues/research.

Prerequisite Rule

Students must have passed ACC2700.

Equivalent Rule

Unit was previously coded ACC2430

Learning Outcomes

On completion of this unit students should be able to:

  1. Demonstrate familiarity with accounting theories and appreciate the link between theory and the preparation of corporate financial statements.
  2. Analyse complex issues,formulate well-reasoned and coherent arguments andreach well considered conclusions.
  3. Demonstrate an understanding of the objective of general purpose financial reporting and the social and economic roles it plays.
  4. Interpret, apply and evaluate selected accounting standards.
  5. Comment on research findings on corporate reporting practices and current accounting issues.
  6. Use library-based research methods to broaden understanding of relevant accounting issues.

Unit Content

  1. Accounting for leases.
  2. Social and environmental reporting.
  3. Capital markets research.
  4. Positive accounting theory.
  5. Accounting for biological assets.
  6. Regulation for financial reporting.
  7. Accounting measurement.
  8. Accounting for financial instruments.
  9. International accounting.

Learning Experience

ON-CAMPUS

Students will attend on campus classes as well as engage in learning activities through ECU Blackboard.

JoondalupMount LawleySouth West (Bunbury)
Semester 1Not OfferedNot Offered0 x 1.5 hour lecture
Semester 113 x 3 hour seminarNot Offered13 x 3 hour seminar
Semester 1Not OfferedNot Offered0 x 1.5 hour tutorial
Semester 213 x 3 hour seminarNot OfferedNot Offered

For more information see the Semester Timetable

ONLINE

Students will engage in learning experiences through ECU Blackboard as well as additional ECU learning technologies.

Additional Learning Experience Information

On-campus students attend a weekly seminar. Student interaction is expected and welcomed. Students have the opportunity to discuss major conceptual issues and to critically look at the relevant accounting treatments. Through discussions and group assignments students have the opportunity to engage in teamwork. In the meantime, students are able to have an international outlook by learning how international standardization of accounting standards are developed and implemented. By attending tutorials, students have the opportunity to work through tutorial exercises and discuss their suggestions with the class which strengthens communication and idea generation abilities. Off-campus students review Unit learning resources access via Blackboard. Thus, regular online access is required. Students have the opportunity to answer discussion board questions which provide them with the opportunity to develop their communication skills, idea generation ability and critical appraisal skills. As the comments from other students are encouraged via discussion board, students get the opportunity to work in a team. Students develop an international outlook through understanding the development and application of international accounting practices.

Assessment

GS1 GRADING SCHEMA 1 Used for standard coursework units

Students please note: The marks and grades received by students on assessments may be subject to further moderation. All marks and grades are to be considered provisional until endorsed by the relevant Board of Examiners.

ON CAMPUS
TypeDescriptionValue
Case StudyIndividual Case Study Assignment35%
ExaminationFinal Examination65%
ONLINE
TypeDescriptionValue
Case StudyIndividual Case Study Assignment35%
ExaminationFinal Examination65%

Core Reading(s)

  • Deegan, C. (2016). Financial accounting (8th Edition, pp. xxiv, 1150 ). North Ryde, N.S.W: McGraw-Hill Australia.
  • Deegan, C. (2014). Financial accounting theory (4th ed.). North Ryde, N.S.W.: McGraw-Hill.

Disability Standards for Education (Commonwealth 2005)

For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Access and Inclusion website.

Academic Misconduct

Edith Cowan University has firm rules governing academic misconduct and there are substantial penalties that can be applied to students who are found in breach of these rules. Academic misconduct includes, but is not limited to:

  • plagiarism;
  • unauthorised collaboration;
  • cheating in examinations;
  • theft of other students' work;

Additionally, any material submitted for assessment purposes must be work that has not been submitted previously, by any person, for any other unit at ECU or elsewhere.

The ECU rules and policies governing all academic activities, including misconduct, can be accessed through the ECU website.

ACC3700|1|1

School: Business and Law

This unit information may be updated and amended immediately prior to semester. To ensure you have the correct outline, please check it again at the beginning of semester.

  • Unit Title

    Financial Accounting, Theory and Practice
  • Unit Code

    ACC3700
  • Year

    2018
  • Enrolment Period

    2
  • Version

    1
  • Credit Points

    15
  • Full Year Unit

    N
  • Mode of Delivery

    On Campus
    Online
  • Unit Coordinator

    Mr Andrew Neville PRIEST

Description

The unit extends the range of accounting standards considered in ACC2700 (Financial Reporting Standards) and sets the theoretical foundation for the preparation and presentation of corporate financial statements. Students will be able to apply and evaluate selected theories in solving practical problems/current issues/research.

Prerequisite Rule

Students must have passed ACC2700.

Equivalent Rule

Unit was previously coded ACC2430

Learning Outcomes

On completion of this unit students should be able to:

  1. Demonstrate familiarity with accounting theories and appreciate the link between theory and the preparation of corporate financial statements.
  2. Analyse complex issues,formulate well-reasoned and coherent arguments andreach well considered conclusions.
  3. Demonstrate an understanding of the objective of general purpose financial reporting and the social and economic roles it plays.
  4. Interpret, apply and evaluate selected accounting standards.
  5. Comment on research findings on corporate reporting practices and current accounting issues.
  6. Use library-based research methods to broaden understanding of relevant accounting issues.

Unit Content

  1. Accounting for leases.
  2. Social and environmental reporting.
  3. Capital markets research.
  4. Positive accounting theory.
  5. Accounting for biological assets.
  6. Regulation for financial reporting.
  7. Accounting measurement.
  8. Accounting for financial instruments.
  9. International accounting.

Learning Experience

ON-CAMPUS

Students will attend on campus classes as well as engage in learning activities through ECU Blackboard.

JoondalupMount LawleySouth West (Bunbury)
Semester 1Not OfferedNot Offered0 x 1.5 hour lecture
Semester 113 x 3 hour seminarNot Offered13 x 3 hour seminar
Semester 1Not OfferedNot Offered0 x 1.5 hour tutorial
Semester 213 x 3 hour seminarNot OfferedNot Offered

For more information see the Semester Timetable

ONLINE

Students will engage in learning experiences through ECU Blackboard as well as additional ECU learning technologies.

Additional Learning Experience Information

On-campus students attend a weekly seminar. Student interaction is expected and welcomed. Students have the opportunity to discuss major conceptual issues and to critically look at the relevant accounting treatments. Through discussions and group assignments students have the opportunity to engage in teamwork. In the meantime, students are able to have an international outlook by learning how international standardization of accounting standards are developed and implemented. By attending tutorials, students have the opportunity to work through tutorial exercises and discuss their suggestions with the class which strengthens communication and idea generation abilities. Off-campus students review Unit learning resources access via Blackboard. Thus, regular online access is required. Students have the opportunity to answer discussion board questions which provide them with the opportunity to develop their communication skills, idea generation ability and critical appraisal skills. As the comments from other students are encouraged via discussion board, students get the opportunity to work in a team. Students develop an international outlook through understanding the development and application of international accounting practices.

Assessment

GS1 GRADING SCHEMA 1 Used for standard coursework units

Students please note: The marks and grades received by students on assessments may be subject to further moderation. All marks and grades are to be considered provisional until endorsed by the relevant Board of Examiners.

ON CAMPUS
TypeDescriptionValue
Case StudyIndividual Case Study Assignment35%
ExaminationFinal Examination65%
ONLINE
TypeDescriptionValue
Case StudyIndividual Case Study Assignment35%
ExaminationFinal Examination65%

Core Reading(s)

  • Rankin, M., Ferlauto, K., McGowan, S., & Stanton, P. (2018). Contemporary issues in accounting (2nd ed., pp. vii, 362). Milton, Qld: John Wiley & Sons Limited.
  • Deegan, C. (2016). Financial accounting (8th Edition, pp. xxiv, 1150 ). North Ryde, N.S.W: McGraw-Hill Australia.
  • Deegan, C. (2014). Financial accounting theory (4th ed.). North Ryde, N.S.W.: McGraw-Hill.

Disability Standards for Education (Commonwealth 2005)

For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Access and Inclusion website.

Academic Misconduct

Edith Cowan University has firm rules governing academic misconduct and there are substantial penalties that can be applied to students who are found in breach of these rules. Academic misconduct includes, but is not limited to:

  • plagiarism;
  • unauthorised collaboration;
  • cheating in examinations;
  • theft of other students' work;

Additionally, any material submitted for assessment purposes must be work that has not been submitted previously, by any person, for any other unit at ECU or elsewhere.

The ECU rules and policies governing all academic activities, including misconduct, can be accessed through the ECU website.

ACC3700|1|2