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 3, Semester 2 |
| Credit point(s): | 12.5 |
| EFTSL value: | 0.125 |
| Prerequisite: | Nil |
| 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
Accounting and finance are constantly developing and changing, greatly influenced by external factors in a global marketplace and evolving societal expectations of governance, sustainability, and business ethics. This unit will provide students with a comprehensive practical understanding of contemporary issues in accounting. Students will have the opportunity to critically evaluate these issues. Topics covered include accounting standards, measurement in accounting, theories in accounting, regulations, and international accounting.
Unit Outline Outcomes (ULO)
| On the successful completion of this units student will be able to: | |
| ULO1 | Discuss contemporary issues in accounting and finance. |
| ULO2 | Analyse the role of regulation in financial reporting. |
| ULO3 | Evaluate complex contemporary financial accounting issues, formulate well-reasoned and coherent arguments and reach well-considered conclusions in relation to these issues. |
| ULO4 | Utilise accounting standards and theories in decision making. |
Topics to be included
| 1. | Contemporary issues in accounting |
| 2. | Financial conceptual framework |
| 3. | Accounting standards |
| 4. | Measurement in accounting |
| 5. | Theories in accounting |
| 6. | Corporate governance systems |
| 7. | Accounting regulation |
| 8. | Earning management |
| 9. | International accounting |
| 10. | Fair value accounting |
| 11. | Sustainability and environmental accounting |
| 12. | Accounting change |
Assessment
| Assessment Description |
Grading and weighting (% total mark for unit) |
Indicative due week |
| Assessment 1: Individual Assignment | 20% | 8 |
| Assessment 2: Group Assignment #1 | 20% | 12 |
| Assessment 3: Group Assignment #2 | 10% | 12 |
| Assessment 4: Final Exam | 40% | 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.