Related Course/s:

Effective 2010

This is a prescribed unit of study in the Business Major/s. It may also be undertaken as a unit of study in any other Swinburne degree program, subject to the prerequisite and degree requirements.

Aims & Objectives:

LBC300 is an accounting unit that draws upon knowledge gained from earlier accounting units. In particular, students are required to apply and demonstrate insights derived from the areas of corporate accounting, management accounting and financial management. The unit seeks to instill in students a critical appreciation of both theory in accounting and contemporary accounting practice. It does this by locating the discipline of accounting into a wider context than that normally associated (or possible) with earlier accounting units. The unit will provide students with an understanding of various theoretical perspectives and the application of Accounting Standards and other pronouncements to some important financial accounting problems. On successful completion of this unit, students should be able to understand, discuss and critically analyse a range of issues pertaining to financial accounting theory and regulation.

Teaching Methods:

This unit will be taught in a variety of modes including face to face, online, distance and blended modes. Delivery of this unit may be through a mixture of lectures, tutorials, laboratories, seminars and online.

Assessment:

Final exam 50 - 60%
Team Assignment 20 - 30%
Individual Assignment 10 - 20%

Generic Skills Outcomes:

The teaching and learning approaches adopted in LBC300 encourages the development of the
key generic skills:
• teamwork skills
• analysis skills
• problem solving skills
• communications skills
• ability to tackle unfamiliar problems
• ability to work independently

Content:

Although individual topic areas can vary, the unit syllabus typically embodies the following general pattern of topic coverage:
• External reporting environment
• Theory in accounting: general introduction
• Theory in accounting: some specific theories
• Theory in accounting: the Conceptual Framework
• Accounting for income tax (Part A)
• Accounting for income tax (Part B)
• Non-current assets: overview and depreciation
• Non-current assets: revaluation and impairment testing
• Accounting for intangible assets
• Accounting for leases
• Earnings per share
• Segment reporting

Textbooks:

References: