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: e.mitchell@stotts.vic.edu.au
    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 (3rd 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 (3rd 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 21st 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 (4th ed., Chapter 16, pp 479-506).  High Holborn, Uk: Thomson Learning
     
    Riahi-Belkaoui, A. (2000). International Accounting. In Accounting theory (4th 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

    IMPORTANT NOTES ON PASSING THIS SUBJECT

     
    Students are advised to acquaint themselves with the academic regulations regarding progress as outlined in the College Rules and Regulations.
     
    A deferred or a supplementary examination will be in the mid semester break of the following semester.
     
    Supplementary information concerning teaching, learning and assessment may be provided from time to time. Announcement of these matters in classes and on the website shall be deemed to be official notification.
     
    It is recommended that students who have life circumstances or personal limitations which may affect their course of study, should contact the Program Coordinator as soon as possible.
     
    Group discussion in assignment work is encouraged. However, written reports must be the individual student's work. Any and all collaboration and help received must be clearly acknowledged.
     
    Permission to make a late submission of work must be obtained from your Head of Subject/Dean. The reasons for requesting an extension of time must be given in writing and must be received before the due date. Having ‘work in other subjects’ will not be accepted as reasonable grounds for granting an extension.
     
    Excuses involving computers or printers will not be accepted as valid reasons for late submission. It is your responsibility to organise projects so that work is submitted by the due date.
     
    Where your work is submitted after the due date and compassionate or other grounds cannot be established, there will be a penalty of 10% of the total mark for each day the submission is overdue.
     
    In order to pass the subject, you must have satisfactorily completed all assigned work.
     
    If the subject lecturer questions any submitted work as wholly or partially plagiarised, you will receive a nil result for the assessment. If the subject lecturer is satisfied that two or more students have engaged in unauthorised collusion, those involved will be subject individually to the same penalties as those applied in individual cases.
     
    A duplicate copy of all work submitted must be kept by the student.
     
    Assessment grades are as follows
    Fail (F)                       0 - 39
    Resit (R)                     40-49
    Pass (P)               50 - 59
    Credit (C)                  60 - 69
    Distinction (D)                  70 - 79
    High Distinction (HD)             80 - 100