ACCT20074 - Contemporary Accounting Theory
Term 1 - 2017


All details in this unit profile for ACCT20074 have been officially approved by CQUniversity and represent a learning partnership between the University and you (our student). The information will not be changed unless absolutely necessary and any change will be clearly indicated by an approved correction included in the profile.

Overview

This unit engages students to establish an advanced understanding of the nature and development of accounting theory and its application and regulation. It builds on the students' technical skills and their foundational knowledge of accounting practice. The topics covered include the history and development of accounting, traditional approaches to the formulation of accounting, standard setting and institutional arrangements, harmonisation of accounting standards, a range of theoretical perspectives and the links between accounting theory, research and practice. If you have successfully completed the unit ACCT29083 you should not enrol in this unit.

Details

Career Level Postgraduate
Credit Points 6
Student Contribution Band 3A
Fraction of Full-Time Student Load 0.125

Pre-requisites or Co-requisites

Students must successfully complete ACCT20071 Foundations of Financial Accounting prior to enrolling in this unit.

Attendance Requirements

All on-campus students are expected to attend scheduled classes – in some units, these classes are identified as a mandatory (pass/fail) component and attendance is compulsory. International students, on a student visa, must maintain a full time study load and meet both attendance and academic progress requirements in each study period (satisfactory attendance for International students is defined as maintaining at least an 80% attendance record).

Offerings

Term 1 - 2017
  • Brisbane
  • Distance
  • Melbourne
  • Sydney

Website

This unit has a website, within the Moodle system, which is available two weeks before the start of term. It is important that you visit your Moodle site throughout the term. Go to Moodle

Recommended Student Time Commitment

Each 6-credit Postgraduate unit at CQUniversity requires an overall time commitment of an average of 12.5 hours of study per week, making a total of 150 hours for the unit.

Class Timetable

Assessment Overview

Assessment Task Weighting
1. Online Quiz(zes) 20%
2. Written Assessment 30%
3. Written Assessment 50%

This is a graded unit: your overall grade will be calculated from the marks or grades for each assessment task, based on the relative weightings shown in the table above. You must obtain an overall mark for the unit of at least 50%, or an overall grade of ‘pass’ in order to pass the unit. If any ‘pass/fail’ tasks are shown in the table above they must also be completed successfully (‘pass’ grade). You must also meet any minimum mark requirements specified for a particular assessment task, as detailed in the ‘assessment task’ section (note that in some instances, the minimum mark for a task may be greater than 50%). Consult the University’s Grades and Results Procedures for more details of interim results and final grades.

All University policies are available on the IMPortal.

You may wish to view these policies:

  • Grades and Results Procedure
  • Assessment Policy and Procedure (Higher Education Coursework)
  • Review of Grade Procedure
  • Academic Misconduct Procedure
  • Monitoring Academic Progress (MAP) Policy and Procedure – Domestic Students
  • Monitoring Academic Progress (MAP) Policy and Procedure – International Students
  • Refund and Excess Payments (Credit Balances) Policy and Procedure
  • Student Feedback – Compliments and Complaints Policy and Procedure
  • Acceptable Use of Information and Communications Technology Facilities and Devices Policy and Procedure

This list is not an exhaustive list of all University policies. The full list of University policies are available on the IMPortal.

Evaluation

Term 2 - 2015: The overall satisfaction for students in the last offering of this unit was 3.8 (on a 5 point Likert scale), based on a 67% response rate.

Feedback, Recommendations and Responses

Every unit is reviewed for enhancement each year. At the most recent review, the following staff and student feedback items were identified and recommendations were made.

Feedback Source Recommendation
More direction needed on how to approach assignments. Student emails and forum posts. Rudimentary information will be posted on Moodle on how to do a literature review and how to use the Library databases.
Course material needs to be more helpful. Course evaluations. Guides to the textbook and Moodle material will be posted on Moodle to help students with their study. Students will be encouraged to undertake the interactive workshops in Moodle to supplement classroom learning.
On successful completion of this unit, you will be able to:
  1. Analyse, interpret and report on given business situations using appropriate accounting theories.
  2. Evaluate and apply theories of corporate governance to given business situations.
  3. Critically evaluate the Australian accounting and regulatory environment, and compare it to environments in other countries. This will include reporting on the progress of international harmonisation project.
  4. Evaluate and report on the role of theories as abstractions of reality and their application in real world phenomena.

Alignment of Assessment Tasks to Learning Outcomes

Assessment Tasks Learning Outcomes
1 2 3 4
1 - Online Quiz(zes)    
2 - Written Assessment
3 - Written Assessment

Alignment of Graduate Attributes to Learning Outcomes

  • Professional Level
  • Advanced Level
Graduate Attributes Learning Outcomes
1 2 3 4
1. Knowledge
2. Communication
3. Cognitive, technical and creative skills        
4. Research
5. Self-management        
6. Ethical and Professional Responsibility        
7. Leadership        

Alignment of Assessment Tasks to Graduate Attributes

  • Professional Level
  • Advanced Level
Assessment Tasks Graduate Attributes
1 2 3 4 5 6 7
1 - Online Quiz(zes)          
2 - Written Assessment        
3 - Written Assessment        

Prescribed Textbooks

Financial Accounting Theory
Author/s: Deegan, C Year: 2014
Edition: 4th edn Publisher: McGraw-Hill Education
City: North Ryde State: NSW
Country: Australia
View textbooks at the CQUniversity Bookshop

IT Resources

You will need access to the following IT resources:
  • CQUniversity Student Email
  • Internet
  • Unit Website (Moodle)
All submissions for this unit must use the Harvard (author-date) referencing style (details can be obtained here). For further information, see the Assessment Tasks below.
Unit CoordinatorGerard Ilott (g.ilott@cqu.edu.au)
Note: Check the Term-Specific section for any additional contact information provided by the teaching team
Week Begin Date Module/Topic Chapter Events and Submissions
Week 1 06-03-2017

An introduction to theoretical perspectives of accounting.

1

Week 2 13-03-2017

The regulation of financial accounting

2 & 3

Week 3 20-03-2017

International experiences in financial accounting

4

Week 4 27-03-2017

Normative theories: value and measurement

5

Week 5 03-04-2017

Normative theories: the conceptual framework projects

6

Vacation Week 10-04-2017
Week 6 17-04-2017

Theories of voluntary disclosure of accounting information: Positive Accounting Theory

7

Literature review: individual assignment (2,500 words MAX) Due Friday (21 Apr 17) 11:45 PM AEST
Week 7 24-04-2017

Theories of voluntary disclosure of accounting information: systems theories

8

Week 8 01-05-2017

Theories of voluntary disclosure of accounting information: Accountability, social and environmental reporting

9

Week 9 08-05-2017

Positive theories concerning the use of, and response to accounting information

10 & 11

Week 10 15-05-2017

Alternative perspectives of accounting: critical and post-structuralist views

12

Week 11 22-05-2017

Contemporary issues

Week 12 29-05-2017

Unit review

Major assignment: individual assessment (5,000 words MAX) Due Friday (02 Jun 17) 11:45 PM AEST
Review/Exam Week 05-06-2017
Exam Week 12-06-2017
Online Quiz(zes) Due Friday (16 Jun 17) 11:45 PM AEST

1 Online Quiz(zes)

Assessment Title Online Quiz(zes)
Task Description

This assessment item is an individual task. It includes two online tests of 10 marks each. Each test will consist of 20 randomly generated questions of 0.5 marks each.

Both tests will appear in Moodle on Monday of Week 6 and remain open until the due date and time provided. While the tests are available, you may undertake either test at any time of your choosing. You may undertake each test once only. Make sure you are prepared.

Once started, each test will be available for 40 minutes.

The online tests will cover the following material:

Online Test 1: Modules 1–6.

Online Test 2: Modules 7–11.

Each test will generate 20 questions from a large pool of questions covering the specified modules. That means that in any one online test, the modules may not be covered equally.

Any student who experiences technical difficulties with Moodle or network communications while trying to do these tests should email the unit coordinator immediately, and where appropriate a second attempt may be arranged.

Students must carefully note the due date and time for these tests. The online tests will disappear once this deadline has passed and will not be made available after this time. You are expected to ensure that you have undertaken the tests within the time period provided. If you are planning on doing any of these tests on the night of closing, then be prepared for the risks of doing this. There may be many other students trying to access Moodle at the same time, Moodle may not be available, or there could be other difficulties. This will be unfortunate, but the online tests will not be opened up again. Please do not try and do your tests on the last day or night.

Number of Quizzes 2
Frequency of Quizzes Other
Assessment Due Date Exam Week Friday (16-Jun-2017) 11:45 PM AEST
Results are made available as soon as the test is submitted.
Return Date to Students The results of these online quizzes will be made available as soon as the quiz is submitted.
Weighting 20%
Assessment Criteria

Each question is worth 0.5% of the overall unit assessment. Each question is multiple choice, with only one correct (or most correct) answer.

Submission Online

Learning Outcomes Assessed
This section can be expanded to view the assessed learning outcomes

3. Critically evaluate the Australian accounting and regulatory environment, and compare it to environments in other countries. This will include reporting on the progress of international harmonisation project.

4. Evaluate and report on the role of theories as abstractions of reality and their application in real world phenomena.

Graduate Attributes
This section can be expanded to view the assessed graduate attributes

1. Knowledge

4. Research



2 Written Assessment

Assessment Title Literature review: individual assignment (2,500 words MAX)
Task Description

You are required to provide a literature review on a topic provided on the Moodle site for this unit. A list of possible topics will be provided in Moodle. You are to select one topic and write a literature review.

Details will be provided in Moodle on how to research and write a literature review.

Assessment Due Date Week 6 Friday (21-Apr-2017) 11:45 PM AEST
Return Date to Students Week 8 Friday (05-May-2017)
Weighting 30%
Assessment Criteria

You will be assessed on:

  • Quality of your literature review (80%)
  • Quality of your English expression (10%)
  • The readability (presentation) of your report (10%).

You must use either the Harvard or APA style of referencing. Proper referencing is expected, and up to 5 marks may be withdrawn in penalty if instances of poor referencing are found.

Referencing Style Harvard (author-date)
Submission Online

Only assignments submitted via the Moodle submission facility will be accepted.

Learning Outcomes Assessed
This section can be expanded to view the assessed learning outcomes

1. Analyse, interpret and report on given business situations using appropriate accounting theories.

2. Evaluate and apply theories of corporate governance to given business situations.

3. Critically evaluate the Australian accounting and regulatory environment, and compare it to environments in other countries. This will include reporting on the progress of international harmonisation project.

4. Evaluate and report on the role of theories as abstractions of reality and their application in real world phenomena.

Graduate Attributes
This section can be expanded to view the assessed graduate attributes

1. Knowledge

2. Communication

4. Research



3 Written Assessment

Assessment Title Major assignment: individual assessment (5,000 words MAX)
Task Description

A list of contemporary topics in accounting theory will be provided in Moodle that extend the list of topics provided for your literature review. You are to address the topic of your choice by building your literature review into a properly constructed academic report.

You may work your literature review into the academic report, but be aware that you must act on any criticisms made of your literature review during assessment feedback. Your improved literature review will contribute to the word count for this assignment.

Assessment Due Date Week 12 Friday (02-Jun-2017) 11:45 PM AEST
Submission must be made by the secure upload facility in Moodle.
Return Date to Students This assessment item will not be returned to students until final grades for this unit are certified. Students are asked to check the Moodle site after that time.
Weighting 50%
Assessment Criteria

You will be assessed on the following criteria:

  1. Demonstrated understanding of the unit material and the ability to apply that material to the assessment question (70% of total marks);
  2. Effective communication: you are able to write a coherent and logical argument in support of your answers (15%);
  3. Presentation: Your assignment is formatted appropriately, and uses proper spelling, grammar and style (15%);
  4. Referencing: The University's Harvard or APA referencing style must be used (no marks are provided for referencing—proper referencing is expected. Penalties will be applied for poor referencing).
Referencing Style Harvard (author-date)
Submission Online

Learning Outcomes Assessed
This section can be expanded to view the assessed learning outcomes

1. Analyse, interpret and report on given business situations using appropriate accounting theories.

2. Evaluate and apply theories of corporate governance to given business situations.

3. Critically evaluate the Australian accounting and regulatory environment, and compare it to environments in other countries. This will include reporting on the progress of international harmonisation project.

4. Evaluate and report on the role of theories as abstractions of reality and their application in real world phenomena.

Graduate Attributes
This section can be expanded to view the assessed graduate attributes

1. Knowledge

2. Communication

4. Research




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