BUS210 Advanced Financial Accounting
Unit outline
| Important Update: | Our aim is to provide you with an optimal learning experience, regardless of how this unit is delivered. Teaching will be delivered in line with the most current COVID Safe health guidelines. This may include a mix of online and face-to-face. Please check the learning management system for announcements and updates. Thank you for your flexibility and commitment to studying with Sydney Institute of Higher Education. |
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| Enrolment modes: | Year 2, Semester 2 |
| Credit point(s): | 12.5 |
| EFTSL value: | 0.125 |
| Prerequisite: | BUS201 Financial Accounting. |
| Typical study commitment: | Students will on average spend 10 hours per week over the teaching period undertaking the teaching, learning and assessment activities for this unit. |
| Scheduled learning activities: | 4 timetabled hours per week, 6 personal study hours per week |
Unit description
A deeper appreciation of accounting theories and a closer look at contemporary issues will enhance the understanding of the framework and standards which underpin accounting practices. This unit aims to further educate students in their knowledge of financial accounting and its relationship with ethics. Students will learn extended accounting theories in addition to applying their prior body of knowledge. Students will investigate key topics such as decision usefulness approach, agency theory, earnings management and accounting standard setting.
Unit learning outcomes (ULO)
| On the successful completion of this units student will be able to: | |
| ULO1 | Apply an understanding of earnings management to detect and avoid earnings manipulation. |
| ULO2 | Examine the impact of information asymmetry on financial decision making and investigate the role of financial information disclosure. |
| ULO3 | Study a series of accounting theories from the perspectives of both financial information providers and users. |
| ULO4 | Critique the current domestic and international accounting environments to comprehend the rationale behind financial accounting regulations. |
| ULO5 | Review contemporary accounting issues and practices using theoretical frameworks. |
Topics to be included in the unit
| 1. | Information asymmetry |
| 2. | Accounting under ideal conditions |
| 3. | Efficient securities markets |
| 4. | The value relevance of accounting information |
| 5. | The measurement approach to decision usefulness |
| 6. | Measurement applications |
| 7. | Positive accounting theory |
| 8. | Agency theory |
| 9. | Executive compensation |
| 10. | Earnings management and ethics |
| 11. | Standard setting: economic issues |
| 12. | Standard setting: political issues |
Assessment
| Assessment Description | Grading and weighting (% total mark for unit) |
Indicative due week |
| Assessment 1: Individual Assignment | 20% | 11 |
| Assessment 2: Group Assignment | 20% | 7 |
| Assessment 3: Final Exam | 60% | Final exam week |
The assessment due weeks provided may change. Your lecturer will clarify the exact assessment requirements, including the due date, at the start of the teaching period.