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

    2024
  • Enrolment Period

    1
  • Version

    2
  • Credit Points

    15
  • Full Year Unit

    N
  • Mode of Delivery

    On Campus
    Online
  • Unit Coordinator

    Dr Junru ZHANG

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. Evaluate the setting and influence of accounting standards in Australia.
  2. Evaluate the concept and application of measurement in the context of contemporary financial reporting.
  3. Examine the application of key contemporary accounting standards and practices.

Unit Content

  1. Standard setting.
  2. Measurement in accounting.
  3. Theories in accounting.
  4. Capital market research and accounting.
  5. Products of the financial reporting process.
  6. Earnings management.
  7. Sustainability and environmental accounting.
  8. Accounting for leases.
  9. Accounting for foreign currency transactions and forward exchange contracts.
  10. Insolvency and liquidation.

Learning Experience

ON-CAMPUS

Students will attend on campus classes as well as engage in learning activities through ECU's LMS

JoondalupMount LawleySouth West (Bunbury)
Semester 113 x 3 hour seminarNot OfferedNot Offered
Semester 213 x 3 hour seminarNot OfferedNot Offered

For more information see the Semester Timetable

ONLINE

Students will engage in learning experiences via ECU’s LMS as well as additional ECU learning technologies

Additional Learning Experience Information

Students have the opportunity to discuss major conceptual issues and to critically look at the relevant accounting treatments in the weekly seminars. Through discussions and group assignments students have the opportunity to engage in teamwork. 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. Online students review Unit learning resources via LMS. 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 School Progression Panel.

ON CAMPUS
TypeDescriptionValue
Case StudyIndividual Case Study Assignment35%
ExerciseOnline and Tutorial Activities15%
ExaminationFinal Unit Examination50%
ONLINE
TypeDescriptionValue
Case StudyIndividual Case Study Assignment35%
ExerciseOnline and Tutorial Activities15%
ExaminationFinal Unit Examination50%

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.

Assessment

Students please note: The marks and grades received by students on assessments may be subject to further moderation. Informal vivas may be conducted as part of an assessment task, where staff require further information to confirm the learning outcomes have been met. All marks and grades are to be considered provisional until endorsed by the relevant School Progression Panel.

Academic Integrity

Integrity is a core value at Edith Cowan University, and it is expected that ECU students complete their assessment tasks honestly and with acknowledgement of other people's work as well as any generative artificial intelligence tools that may have been used. This means that assessment tasks must be completed individually (unless it is an authorised group assessment task) and any sources used must be referenced.

Breaches of academic integrity can include:

Plagiarism

Copying the words, ideas or creative works of other people or generative artificial intelligence tools, without referencing in accordance with stated University requirements. Students need to seek approval from the Unit Coordinator within the first week of study if they intend to use some of their previous work in an assessment task (self-plagiarism).

Unauthorised collaboration (collusion)

Working with other students and submitting the same or substantially similar work or portions of work when an individual submission was required. This includes students knowingly providing others with copies of their own work to use in the same or similar assessment task(s).

Contract cheating

Organising a friend, a family member, another student or an external person or organisation (e.g. through an online website) to complete or substantially edit or refine part or all of an assessment task(s) on their behalf.

Cheating in an exam

Using or having access to unauthorised materials in an exam or test.

Serious outcomes may be imposed if a student is found to have committed one of these breaches, up to and including expulsion from the University for repeated or serious acts.

ECU's policies and more information about academic integrity can be found on the student academic integrity website.

All commencing ECU students are required to complete the Academic Integrity Module.

Assessment Extension

In some circumstances, Students may apply to their Unit Coordinator to extend the due date of their Assessment Task(s) in accordance with ECU's Assessment, Examination and Moderation Procedures - for more information visit https://askus2.ecu.edu.au/s/article/000001386.

Special Consideration

Students may apply for Special Consideration in respect of a final unit grade, where their achievement was affected by Exceptional Circumstances as set out in the Assessment, Examination and Moderation Procedures - for more information visit https://askus2.ecu.edu.au/s/article/000003318.

ACC3700|2|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

    2024
  • Enrolment Period

    2
  • Version

    2
  • Credit Points

    15
  • Full Year Unit

    N
  • Mode of Delivery

    On Campus
    Online
  • Unit Coordinator

    Dr Junru ZHANG

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. Evaluate the setting and influence of accounting standards in Australia.
  2. Evaluate the concept and application of measurement in the context of contemporary financial reporting.
  3. Examine the application of key contemporary accounting standards and practices.

Unit Content

  1. Standard setting.
  2. Measurement in accounting.
  3. Theories in accounting.
  4. Capital market research and accounting.
  5. Products of the financial reporting process.
  6. Earnings management.
  7. Sustainability and environmental accounting.
  8. Accounting for leases.
  9. Accounting for foreign currency transactions and forward exchange contracts.
  10. Insolvency and liquidation.

Learning Experience

ON-CAMPUS

Students will attend on campus classes as well as engage in learning activities through ECU's LMS

JoondalupMount LawleySouth West (Bunbury)
Semester 113 x 3 hour seminarNot OfferedNot Offered
Semester 213 x 3 hour seminarNot OfferedNot Offered

For more information see the Semester Timetable

ONLINE

Students will engage in learning experiences via ECU’s LMS as well as additional ECU learning technologies

Additional Learning Experience Information

Students will explore key conceptual issues and critically evaluate relevant accounting treatments. By participating in team discussions, students will enhance their communication, idea generation, and critical appraisal skills. Additionally, they will gain an international perspective by understanding the development and application of global 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 School Progression Panel.

ON CAMPUS
TypeDescriptionValue
Case StudyCase Study Assignment30%
PresentationPresentation20%
ExaminationFinal Examination50%
ONLINE
TypeDescriptionValue
Case StudyCase Study Assignment30%
PresentationPresentation20%
ExaminationFinal Unit Examination50%

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.

Assessment

Students please note: The marks and grades received by students on assessments may be subject to further moderation. Informal vivas may be conducted as part of an assessment task, where staff require further information to confirm the learning outcomes have been met. All marks and grades are to be considered provisional until endorsed by the relevant School Progression Panel.

Academic Integrity

Integrity is a core value at Edith Cowan University, and it is expected that ECU students complete their assessment tasks honestly and with acknowledgement of other people's work as well as any generative artificial intelligence tools that may have been used. This means that assessment tasks must be completed individually (unless it is an authorised group assessment task) and any sources used must be referenced.

Breaches of academic integrity can include:

Plagiarism

Copying the words, ideas or creative works of other people or generative artificial intelligence tools, without referencing in accordance with stated University requirements. Students need to seek approval from the Unit Coordinator within the first week of study if they intend to use some of their previous work in an assessment task (self-plagiarism).

Unauthorised collaboration (collusion)

Working with other students and submitting the same or substantially similar work or portions of work when an individual submission was required. This includes students knowingly providing others with copies of their own work to use in the same or similar assessment task(s).

Contract cheating

Organising a friend, a family member, another student or an external person or organisation (e.g. through an online website) to complete or substantially edit or refine part or all of an assessment task(s) on their behalf.

Cheating in an exam

Using or having access to unauthorised materials in an exam or test.

Serious outcomes may be imposed if a student is found to have committed one of these breaches, up to and including expulsion from the University for repeated or serious acts.

ECU's policies and more information about academic integrity can be found on the student academic integrity website.

All commencing ECU students are required to complete the Academic Integrity Module.

Assessment Extension

In some circumstances, Students may apply to their Unit Coordinator to extend the due date of their Assessment Task(s) in accordance with ECU's Assessment, Examination and Moderation Procedures - for more information visit https://askus2.ecu.edu.au/s/article/000001386.

Special Consideration

Students may apply for Special Consideration in respect of a final unit grade, where their achievement was affected by Exceptional Circumstances as set out in the Assessment, Examination and Moderation Procedures - for more information visit https://askus2.ecu.edu.au/s/article/000003318.

ACC3700|2|2