Aims & Objectives:

• Develop an appreciation of the variety of accounting theories
• Appraise the relevance of the conceptual framework to the accounting standards
• Investigate implementation issues of a number of accounting standards
• Assess the impact of changing enterprise governance and social and environmental issues on accounting
• Interpret the conceptual framework requirements and apply them to accounting issues
• Provide theory based advice on a range of accounting judgements

Teaching Methods:

Lecture (1 hour), Tutorials (2 hours)

Assessment:

Examination (60%), Test (20%), Assignment (20%)

Generic Skills Outcomes:

• Capable in their chosen professional, vocational or study areas
• Entrepreneurial in contributing to innovation and development within their business, workplace or community
• Effective and ethical in work and community situations
• Adaptable and able to manage change
• Aware of local and international environments in which they will be contributing (eg socio-cultural, economic, natural)

Content:

• The nature and development of accounting theories
• The standard-setting process
• The conceptual framework
• Income theory and measurement issues
• Several specific standards will be used to highlight the application of theory
• Enterprise governance and corporate social reporting

Reading Materials:

Students are advised to check the unit outline in the relevant teaching period for appropriate textbooks and further reading.