ACC305 Accounting Theory代写

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Stott’s Colleges
252 Lygon Street, Carlton
Cricos code 00197D
Bachelor of Business
Semester 3 2015
 
UNIT  OUTLINE
 
SUBJECT TITLE             ACC305 Accounting Theory
COURSE                   Bachelor of Business
PRE-REQUISITE            Accounting for Business Decisions (ACC101)
DURATION                     One Semester
CREDIT POINTS:           15
___________________________________________________________________________
 
LECTURER DETAILS
Elizabeth Mitchell, Dip.H.Sc, B.Ed, M.Accounting, CPA
252 Lygon Street
Carlton VIC
Phone 03 9663 3399
Email: [email protected]
Preferred contact method:email
 
Description:
 
This course aims to expose students to the debate surrounding major accounting issues over the past decades, in particular, the attempts to establish a theory of accounting and the development of the conceptual framework for financial reporting.  This subject will highlight the international nature of accounting and its problems as evidenced in the theoretical debates, standard setting and regulatory processes.  In understanding and critically analysing these issues students will be exposed to the body of academic research that has contributed to the development of the accounting discipline, particularly to seminal works.  As a final year subject that draws upon the learning students have gained thus far, students will be shown how to relate accounting theory to accounting practices that have been previously taught. In so doing, students will be able to improve their ability to evaluate and analyse accounting problems.
 
 
Development of graduate attributes
 
Graduates from the Bachelor of Business program are expected to have knowledge, skills and abilities (KSA) on three different dimensions. Each subject in your course contributes in some way to the development of the Stott’s Graduate Attributes which you should demonstrate by the time you complete your course
 
Professional
GA1     Graduates have an understanding of business that allows them to identify and develop business functions and understand their effect on business outcomes
GA2     Graduates understand the professional working environment and have developed an awareness of business ethics that is consistent with the Australian business culture.   
GA3    Graduates can identify and solve common problems in business using tools available to them
 
Personal
GA4    Graduates can develop their KSAs to meet the demands of the workplace, their chosen career path and a changing environment
GA5    Graduates have developed interactive skills to work well in a multicultural environment
GA6    Graduates can successfully work in their chosen profession and have the necessary knowledge and skills for an entry/intermediate level position after graduation.
 
Academic
GA7     Graduates have developed academic skills and attributes necessary to undertake research, comprehend and evaluate new information, concepts and evidence from a range of sources;
GA8     Graduates have recognised potential shortcomings in their KSAs and have developed the tools necessary to engage in self directed life long learning to address this.
GA9     Graduates have an understanding in how to apply knowledge gained in university into the workplace
 
Learning Outcomes:
 
In this subject, students examine the major current issues in accounting and the emergence of the standard setting process and conceptual framework. Accounting is viewed from the theoretical perspective.  At the completion of this subject a student should be able to:
 
LO1    Evaluate attempts to develop and apply a conceptual framework,
LO2    Appraise the objectives of accounting and relate them to the various concepts of accounting as studied in prior subjects,
LO3    Analyse the applications of alternative measurement systems to historical cost,
LO4    Evaluate current financial reporting and management accounting issues.
CONTENT
 
1.      Contemporary issues in accounting.
2.      The conceptual framework for financial reporting
3.      Standard setting
4.      Measurement and annual reports
5.      Theories in accounting
6.      Capital market research and corporate governance
7.      Earnings management
8.      Sustainability and Environmental Accounting
9.      Fair value accounting
10.  Corporate failure
11.  Special reporting issues
12.  International Accounting

LEARNING TASKS AND ASSESSMENT

Assessment in this subject will consist of a combination of coursework and end-of-semester examination:
 

Assessment	Weight	Due	Learning Outcomes Assessed		Graduate Attributes Assessed	CPA Knowledge Area and Item Assessed*
INDIVIDUAL ASSESSMENT–5 Fortnightly quizzes consisting of 20 multiple choice questions.  These will take place on Moodle each week of Semester 3.	20%	Weeks 2 to 6	LO 1, 2,3 & 4	GA 1, 3, 5, 6 &9		KA 3.1 & 3.2
RESEARCH ASSIGNMENT AND PRESENTATION – Students will research and present a current issue in accounting and critically analyse the impact it has had on financial reporting.  Assignments must be ready for presentation in week 5	30%	Week 5	LO 1, 2,3 & 4	GA 1, 3,4,6 & 9		KA 3.1, 3.2 & 3.3
Final examination	50%	TBA	LO 1 – 4 inclusive	GA 1, 3 4, 6 & 9		KA 3.1, 3.2 & 3.3
Total	100%

* CPA assessment only applicable for CPA subjects. Please refer to CPA documentation for Knowledge Areas
 
In order to pass this subject, students are required to complete all assessment tasks and achieve an aggregate mark of 50% for the three assessment tasks.
Students must achieve 50% in their Final Exam to pass this subject.
 
 

WEEKLY OUTLINE
 
Question for discussion, case studies, and current accounting issues will be given to students for practice and exam preparation. These questions and readings will be given to students in class to be workshopped the following week at the beginning of class. Students are strongly advised to attempt these questions prior to coming to class as it will prepare them for the Examination
 
Homework questions for weeks 2-6 will be available on Moodle prior to week 2.
 

Week	Topic	Text reference and set readings	Tutorial/Readings
Week 1	1. The nature, construction and verification of theories 2.Measurement in accounting	Chapter 1 Chapter 5	1.1, 1.3, 1.5, 1.8, 1.17
Week 2	3. Normative accounting theory 4. Financial reporting environment 5. The standard setting process	Chapter 6 Chapter 2 Chapter 3	Test on topics 1 5.13, 5.10, 5.14, 5.28  6.10, 6.9, 6.19, 6.28
Week 3	6. Positive accounting theory 7. International accounting 8. The history of accounting: Theoretical perspectives.	Chapter 7 Chapter 4 Readings on moodle	Test on topics 2 & 3 2.12, 2.13, 2.18, 2.25 Chapter 3 TBA 7.6, 7.11, 7.23, 7.34
Week 4	9. Behavioural research in accounting 10.Critical perspectives in accounting	Chapter 11 Chapter 12	Test on topic 4 and 5 4.6, 4.10, 4.19, 4.20 Readings on Behavioural research on moodle
Week 5	11. Stakeholder, legitimacy and institutional theories 12. Social and environmental theories Case Study Submission and Presentation	Chapter 8 Chapter 9	Test on topics 6 & 7 Case study presentations 12.2, 12.3, 12.5, 12.6 8.1, 8.37, 9.6, 9.10, 9.28, 8.14
Week 6	Revision Week		Test on topic 10
Week 7	Exam Week

 

Required text(s)
 
Deegan, C. (2014). Financial accounting theory (4th ed.). North Ryde: McGraw

 

Recommended additional references
 
Rankin, M., Stanton, P., McGowan, S., Ferlauto. K., & Tilling, M. (2012) Contemporary Issues in Accounting. Sydney: John Wiley.
 
Godfrey, J., Hodgson, A., Tarca, A., Hamilton, J., & Holmes, S. (2010) Accounting theory (7th ed.). Milton: John Wiley
 
Deegan, C. (2014). Financial accounting theory (3th ed.). North Ryde: McGraw
 
Drever, M., Stanton, P. & McGowan., S. (2007) Contemporary issues in accounting. Brisbane: John Wiley & Sons
 
Gaffikin, M. (2008) Accounting Theory. Frenchs Forest, Pearson Education Australia
 
Henderson, S., Peirson, G., & Herbohn, K. (2010) Issues in financial accounting (14th ed.). Frenchs Forest: Pearson Australia Group
 
CPA Australia (2014) Accounting handbook, Melbourne, Pearson Education Australia
.
 
Readings to accompany the lectures
 
Cortese, C. (2013). Politicisation of the international accounting standard setting process: evidence from the extractive industries.
 
Eddie, I (2000) International comparative financial accounting research: A contingency approach.
 
Gaffikin, M. (2010). ‘Being critical in accounting’, International reveiew of business research papers 6(5), 9935-55
 
Godfrey, J., Hodgeson, A., Tarca, A. Hamilton, J., & Holmheoryes, S., (2010). Measurement Theory. In Accounting theory(Chapter 5. 133-153). Milton, Qld: John Wiley & Sons.
 
Hopewood, A. (2000). Strategy and information: Time to look out. (Downloaded from http://www.obs.ox.ac.uk/sbs/newco6k1.html)
 
Kothari, S.P., Ramanna, K. & D.J. Skinner (2010). ‘Implications for GAAP from an analysis of positive research in accounting’, Journal of Accounting and Economics, 50, pp. 246-86.
 
Kvaal, E. & Nobes, C. (2010), International differences in IFRS policy choice: A research note Accounting and Business Research, 40(2) 173-87
 
Lyon, D. (1994). The electronic eye: The rise of surveillance society.
 
Macintosh, N.B. (1994). Management accounting and control systems: An organizational and behavioural approach,
 
Mann, G. (1994). The origins of double entry. Australian Accountant, 17-21
 
Mathews, M.R., & Perera, M.H.B. (1996). The philosophy of science and research methodology. In Accounting theory and development (3^rd ed., Chapter 4, pp.38-50).  Melbourne: Thomas Nelson.
 
Mathews, M.R., & Perera, M.H.B. (1996). The philosophy of science and research methodology. In Accounting theory and development (3^rd ed., Chapter 5, pp.51-76).  Melbourne: Thomas Nelson.
 
Miller, P., Hopper, T., & Laughlin, R. (1991). The new accounting history: An introduction.  Accounting Organisations and Society, 16(5/6),  395-403.
 
Miller, M.C., & Loftus, J.A. (2000). Measurement entering the 21^st century: A clear or blocked road ahead? Australian Accounting Review, 11(2), 4-18.
 
Reslender, r. (1996). Critical accounting and the labour of accountants.  Critical Perspectives on Accounting, 7, 461-484.
 
Riahi-Belkaoui, A. (2000). International Accounting. In Accounting theory (4^th ed., Chapter 16, pp 479-506).  High Holborn, Uk: Thomson Learning
 
Riahi-Belkaoui, A. (2000). International Accounting. In Accounting theory (4^th ed., Chapter 16, pp 484-486, 500-501).  High Holborn, Uk: Thomson Learning
 
Stewart, R.E. (1992). Pluralizing our past: Foucault in accounting history.  Accounting Auditing and Accountability Jouranl, 5(2), 57-73.
 
Wallace, R.S.O., & Gernon, H. (1991). Frameworks for international comparative financial accounting. Journal of Accounting Litereature,10, 209-263.
 
Watts R, & Zimmerman, J (1990) PAT: A ten year perspective.  The Accounting Review, 44(2), 273-305.
 
Wickramasinghe, D., & Alawattage, C. (2007).  Management accounting change: Approaches and perspectives (Chapter 1, pp.1-24). New York N.Y.: Routledge
 
 
Journals
Charter 
In The Black 
The Accounting Review 
Accounting and Finance 
Accounting Forum 
ABACUS 
Accounting, Organisations and Society 



Websites
 
www.cpaaustralia.com.au/cps/rde/xchg 
(The CPA Australia site which includes information about the Society, CPA membership, regulations, professional development and available information resources.
ICAA
www.icaa.org.au 
(The Institute of Chartered Accountants in Australia site which includes information about the Institute, membership, technical issues etc.)
 
www.aasb.com.au
Australian Accounting Standards Board,
www.taxsites.com
Tax and accounting resources,
www.fasb.org
Financial Accounting Standards Board,
www.afaanz.org
Accounting and Finance Ass of Australia and NZ,

Multiple Choice Tests 20%
Due date weeks 2 - 5.
 
Students are required to complete 5 fortnightly quizzes, consisting of 20 multiple choice questions
The quizzes will be conducted on Moodle in the computer lab during the class time in the set weeks.
Each quiz will cover two (2) topics and will be worth 5%.1 mark will be awarded for each multiple choice question.  The students overall mark out of 100 will then be divided by 4 to obtain a final mark out of 25.
 
Assignment and presentation 30%
Due date week 5
 
Students will be required to prepare a research based assignment on the following:
 
Obtain the 2015 sustainability report for Toyota Motor Corporation.  Prepare a report that addresses the following issues:
(a)    Document Toyota’s vision and mission statement, and discuss how these might relate to sustainability, if at all.
(b)   Outline Toyota’s stakeholders and explain how they have engaged each of these stakeholder groups (what are their major job mission and obligation).
(c)    Outline governance mechanisms in place on the Board of Directors to address sustainability.
(d)   Analyse how Toyota links sustainability to its risk management systems.
(e)    Outline any guidance Toyota used in implementing environmental and social performance and reporting systems (Corporate Social Responsibility).
 
Maximum word length is 3000 words.
 
Presentations will take place in week 5 to present the issue that they have researched.
 
The written assignment will be marked out of 25% and the oral presentation will be marked out of 5%.
 
Assessment Criteria
 

 

Criteria	High Distinction 80% -	Distinction 70%- 79%	Credit 60-69%	Pass 50-59%	Fail 0-49%
Discussion on relationship between sustainability issues and Toyota’s mission and vision statement.           5 marks	Sophisticated analysis of the relationship.  Identifies and addresses key aspects of the relationships.  Addresses implications and consequences.  Identifies facts and relevant information correctly.	Broad analysis of the relationships. Identifies and addresses key aspects of the relationships.  Addresses implications and consequences.  Identifies facts and relevant information correctly	Explanation of the relationships.  Identifies and addresses some aspects of the relationships.  Identifies some implications and consequences.  Most facts and relevant information correct	Description of the relationship with some problems and consequences identified  Some facts and relevant information in-correct	Explanations of the relationships are inaccurate or incomplete..
Identification of stakeholders and how they are engaged in sustainability issues.         5 marks	Sophisticated identification of stakeholders and how they can be engaged. Insightfully uses facts and relevant evidence from the research literature to support stakeholder’s impact on sustainability.	Uses facts and relevant evidence to support the impact of sustainability on stakeholders	Most of the ways the stakeholders are impacted.	Some analysis of the way stakeholders are impacted and engaged.	Reference to some stakeholders and how they are engaged in sustainability issues.
Identification and discussion of governance mechanisms that effect sustainability.   5 marks	Identification of governance mechanisms that effect sustainability is insightful, complete and draws on relevant research.	Governance mechanisms identification and how it effects sustainability is well developed and draws on research.	Governance mechanism identification and its impact on sustainability is clear and valid and draws on research.	Some relevant governance mechanisms identified with some inaccuracies	Relevant governance mechanisms are not identified or are inaccurate.
Analysis on the linkages between sustainability and risk management systems. 4 marks	Linkages between sustainability and risk management systems critically analysed	Linkages between sustainability and risk management systems identified and discussed	Linkages between sustainability and risk management systems identified and limited discussion	Some linkages identified with some inaccuracies	Links are not identified or are inaccurate.
Guidance Toyota has used in implementing environmental and social performance and reporting system. 3 marks	Thorough outline of any guidance that has been used in implementing environmental and social performance and reporting systems.	Detailed outline of any guidance that has been used in implementing environmental and social performance and reporting systems.	Comprehensive outline of any guidance that has been used in implementing environmental and social performance and reporting systems.	Some mention of guidance that has been used in implementing environmental and social performance and reporting systems.	No mention  or inaccurate outline of guidance that has been used in implementing environmental and social performance and reporting systems.
Use or relevant literature including use of current journals     2 mark	Researched widely and relevantly from the current literature. Has used a minimum of 8 different in text references.	Researched widely and relevantly from the current literature.  Has used up to 8 different in-text references.	Researched from relevant current literature.  Up to 5 different in-text references	Researched from relevant literature with less than five different in-text references.  Some referencing not current.	Very little research and only up to three different in-text references.  Has drawn heavily on only one or two main sources..
Presentation and referencing             1 mark	Introductions creative and analytical and conclusions concise and persuasive. No grammatical or spelling errors.  Correct use of referencing style and bibliography	Introduction clear and analytical.  Conclusions concise.  Very few grammatical and spelling errors. Correct use of referencing style and bibliography	Introduction clear.  Conclusions draw together most arguments in the paper. Some spelling and grammatical mistakes. Some referencing errors.  Bibliography present	Introduction fails to identify the main issue and arguments to be explored.  Frequent spelling and grammatical mistakes.  Conclusions unclear.  Referencing incorrect.	No introduction or conclusion.  Frequent spelling and grammatical mistakes. Referencing and bibliography poorly done or non-existent.
Presentation     5 marks	Presentation demonstrates a sophisticated clarity, conciseness, and correctness	Presentation demonstrates a large degree of clarity, conciseness, and correctness	Presentation is accomplished in terms of clarity and conciseness and contains only a few errors	Presentation lacks some clarity or conciseness and contains some errors	Presentation is unfocused and contains unacceptable level of errors

.
 
 
 
 

             
 
Final Examination 50%
Due date week 7
 
The final exam test will take place in class in week 7.  The format of the exam is yet to be finalised but will involve the student to critically respond to a number of questions in essay format. Students will be allowed 3 hours to complete the exam.
 
 
5 essay   questions – 1 and half page   (included introduction and conclusion)  3 hours