Course overview
The aim of this course is to extend students' knowledge and understanding of financial accounting theory and the difficulties of formulating accounting theories. The course includes: nature of theory and theory testing; accounting policy choice; normative theory, positive accounting theory; capital market research (CMR); behavioural research; critical perspectives of accounting; latest developments and current issues in accounting.
Course learning outcomes
- Explain the role of the practising accountant and their professional societies in the development of accounting principles.
- Discuss the dominant approaches in accounting research.
- Appraise the theoretical validity and practical feasibility of proposed solutions for the reform of accounting principles.
- Apply the main features of accounting reforms.
- Demonstrate UniSA Business Enterprise Skills in the context of the Accounting discipline: i) Problem Solving (advanced level); and ii) Ethical Awareness (advanced level).