KING S OWN INSTITUTE* Success in Higher Educatin ACC706 ACCOUNTING THEORY AND ISSUES T318 - Brief All infrmatin cntained within this Subject Outline applies t all students enrlled in the trimester as indicated. 1. General Infrmatin 1.1 Administrative Details Assciated HE Award(s) Duratin Level Subject Crdinatr Master f Accunting Master f Prfessinal Accunting 1 trimester Pstgraduate Dr Jane Jnathan jane.jnathan@ki.edu.au P: 92833583 (Ext.156) L: Level 1, 545 Kent St. Cnsultatin: via Mdle r by appintment 1.2 Cre / Elective This is a cre subject fr the abve curses. 1.3 Subject Weighting Indicated belw is the weighting f this subject and the ttal curse pints. Subject Credit Pints Ttal Curse Credit Pints 4 MAcc 48; MPA 64 1.4 Student Wrklad Indicated belw is the expected student wrklad per week fr this subject N. timetabled hurs/week* N. persnal study hurs/week** Ttal wrklad hurs/week*** 4 hurs/week (2 hur Lecture + 2 hur Tutrial) 6 hurs/week 10 hurs/week * Ttal time spent per week at lectures and tutrials ** Ttal time students are expected t spend per week in studying, cmpleting assignments, etc. *** Cmbinatin f timetable hurs and persnal study. 1.5 Mde f Delivery On-campus 1.6 Pre-requisites ACC700 Principles f Accunting, ACC701 Financial Accunting AND ACC705 Crprate Accunting and Reprting. 1.7 General Study and Resurce Requirements Students are expected t attend classes with the weekly wrksheets and subject supprt material prvided in Mdle. Students shuld read this material befre cming t class t imprve their ability t participate in the weekly activities. Students will require access t the internet and their KOI email and shuld have basic skills in wrd prcessing sftware such as MS Wrd, spreadsheet sftware such as MS Excel and visual presentatin sftware such as MS PwerPint. Cmputers and WIFI facilities are extensively available fr student use thrughut KOI. Students are encuraged t make use f the campus Library fr reference materials. ACC706 ACCOUNTING THEORY AND ISSUES T317 01/11/2018 15:47 PAGE 1 OF 5
Resurce requirements specific t this subject: Students shuld have a nn-prgrammable calculatr applicatins in smart phnes will nt be sufficient t perfrm the required calculatins in class. Students will als need access t a cmputer and the internet fr research purpses. 2. Academic Details 2.1 Overview f the Subject This subject engages students t develp a deeper appreciatin f the functin f accunting in tday s cmplex business envirnment. Students will be intrduced t the rle f thery in the develpment, applicatin and regulatin f accunting. The subject builds n students' technical skills and their fundatinal knwledge f accunting practice. Tpics include thery develpment in accunting, nrmative accunting theries, psitive accunting theries, traditinal appraches t the frmulatin f accunting, standard setting and institutinal arrangements, ethics in accunting, scial and envirnmental accunting issues, and prfessinal judgement in accunting. 2.2 Graduate Attributes fr Pstgraduate Curses Graduates f Pstgraduate curses frm King s Own Institute will gain the graduate attributes expected frm successful cmpletin f a Master s degree under the Australian Qualificatins Framewrk (2 nd editin, January 2013). Graduates at this level will be able t apply an advanced bdy f knwledge in a range f cntexts fr prfessinal practice r schlarship and as a pathway fr further learning. King s Own Institute s key generic graduate attributes fr a master s level degree are summarised belw: KOI Master s Degree Graduate Attributes Knwledge Critical Thinking Cmmunicatin Research and infrmatin Literacy Creative prblem Slving Skills Ethical and Cultural Sensitivity Leadership and Strategy Prfessinal Skills Detailed Descriptin Current, cmprehensive and cherent knwledge, including recent develpments and applied research methds Critical thinking skills t identify and analyse current theries and develpments and emerging trends in prfessinal practice Cmmunicatin and technical skills t analyse and therise, cntribute t prfessinal practice r schlarship, and present ideas t a variety f audiences Cgnitive and technical skills t access and evaluate infrmatin resurces, justify research appraches and interpret theretical prpsitins Cgnitive, technical and creative skills t investigate, analyse and synthesise cmplex infrmatin, cncepts and theries, slve cmplex prblems and apply established theries t situatins in prfessinal practice Appreciatin and accuntability fr ethical principles, cultural sensitivity and scial respnsibility, bth persnally and prfessinally Initiative, leadership skills and ability t wrk prfessinally and cllabratively t achieve team bjectives acrss a range f team rles Expertise in strategic thinking, develping and implementing business plans and decisin making under uncertainty High level persnal autnmy, judgement, decisin-making and accuntability required t begin prfessinal practice Acrss the curse, these skills are develped prgressively at three levels: Level 1 Fundatin Students learn the skills, theries and techniques f the subject and apply them in stand-alne cntexts Level 2 Intermediate Students further develp skills, theries and techniques f the subject and apply them in mre cmplex cntexts, beginning t integrate the applicatin with ther subjects. ACC706 ACCOUNTING THEORY AND ISSUES T317 01/11/2018 15:47 PAGE 2 OF 5
Level 3 Advanced Students have a demnstrated ability t plan, research and apply the skills, theries and techniques f the subject in cmplex situatins, integrating the subject cntent with a range f ther subject disciplines within the cntext f the curse. 2.3 Subject Learning Outcmes Listed belw, are key knwledge and skills students are expected t attain by successfully cmpleting this subject: Subject Learning Outcmes Cntributin t Curse Graduate Attributes a) Apply knwledge f accunting techniques, cncepts, principles and theries t slve cmplex financial reprting prblems. b) Describe the varius theretical and philsphical appraches t accunting c) Cnslidate and extend knwledge f the cmpnents f financial statements thrugh current accunting issues d) Assess the impact f scial and envirnmental factrs in accunting 2.4 Subject Cntent and Structure Belw are details f the subject cntent and hw it is structured, including specific tpics cvered in lectures and tutrials. Reading refers t the text unless therwise indicated. Weekly Planner: Week (beginning) 1 05 Nv 2 12 Nv 3 19 Nv 4 26 Nv 5 03 Dec 6 10 Dec 7 17 Dec 23 Dec 2018 06 Jan 2019 8 07 Jan 9 19 Jan 10 21 Jan Tpic cvered in each week s lecture Cntemprary issues in accunting and accunting thery Theries in accunting Principles-based accunting: the cnceptual framewrk and standard setting Accunting harmnisatin Measurement and fair value accunting Capital market research and accunting Behaviural research in accunting Mid trimester break Earnings management and quality Ethics in accunting Vluntary disclsure: sustainability and envirnmental accunting, integrated reprting Reading(s) Ch. 1 Ch. 5 Chs. 2 & 3 Ch. 12 Chs. 4 & 10 Ch. 8 Mdle Ch. 9 Mdle Ch. 11 Mdle Expected wrk Tutrial exercises as listed in Mdle Tutrial exercises Tutrial exercises Frmatin f grups Tutrial exercises Tutrial exercises Tutrial exercises Prgress reprt n grup prject Tutrial exercises Assignment ne due Tutrial exercises Tutrial exercises Grup reprt due Tutrial exercises Presentatin slides due Grup presentatins 11 28 Jan Crprate gvernance: culture and financial reprting Ch. 7 Tutrial exercises Grup presentatins ACC706 ACCOUNTING THEORY AND ISSUES T317 01/11/2018 15:47 PAGE 3 OF 5
12 04 Feb 13 11 Feb 14 18 Feb 15 25 Feb 16 04 Mar Revisin Study Review Week Final Exam Week T119 begins 11 Mar 2019 1 11 Mar Student Vacatin begins Enrlments fr T119 pen Results Released 05 Mar 2019 Certificatin f Grades 08 Mar 2019 Revisin exercises Please see Exam Timetable fr exam date, time and lcatin Week 1 f classes fr T119 Friday 08 Mar 2019 Review f Grade Day fr T318 see Sectins 2.6 and 3.6 belw fr mre infrmatin. 2.7 Teaching Methds/Strategies Briefly described belw are the teaching methds/strategies used in this subject: On-campus lectures (2 hurs/week) are cnducted in seminar style and address the subject cntent, prvide mtivatin and cntext and draw n the students experience and preparatry reading. Tutrials (2 hurs/week) include class discussin f case studies and research papers, practice sets and prblem-slving and syndicate wrk n grup prjects. Tutrial participatin is an essential cmpnent f the subject and cntributes t the develpment f graduate attributes (see sectin 2.2 abve). It is intended that specific tutrial material such as case studies, recmmended, review questins etc. will be made available each week in Mdle. Online teaching resurces include class materials,, mdel answers t assignments and exercises and discussin bards. All nline materials fr this subject as prvided by KOI will be fund in the Mdle page fr this subject. Students shuld access Mdle regularly as material may be updated at any time during the trimester Other cntact - academic staff may als cntact students either via Mdle messaging, r via email t the email address prvided t KOI n enrlment. 2.8 Student Assessment Prvided belw is a schedule f frmal assessment tasks and majr examinatins fr the subject. Assessment Type When assessed Weighting Learning Outcmes Assessed Written Reprt Weekly prgress reprt: frm week 2 t week 6 Written reprt due in week 7 Weekly in-class prgress reprt: 5% Written reprt: 15% a, b, c Grup assignment with individual cmpnent Reprt due week 10 Weekly prgress reprt: frm week 7 t week 9 Presentatin slides week 10 Presentatins weeks 10 & 11 Weekly in-class prgress reprt 5% Grup reprt 10% Presentatin 15% Ttal 30% a, b, c, d Final examinatin (2 hurs) Final exam perid 50% a, b, c, d ACC706 ACCOUNTING THEORY AND ISSUES T317 01/11/2018 15:47 PAGE 4 OF 5
Requirements t Pass the Subject: T gain a pass r better in this subject, students must gain a minimum f 50% f the ttal available subject marks. 2.9 Prescribed and Recmmended Readings Prescribed Text: Rankin, M., Ferlaut, K., McGwan, S, Stantn, P., 2017. Cntemprary Issues in Accunting. 2 nd ed., Miltn, Qld.: Jhn Wiley & Sns. ACC706 ACCOUNTING THEORY AND ISSUES T317 01/11/2018 15:47 PAGE 5 OF 5