Credit Points: 15
Prerequisite: BA214 Corporate Accounting
Co-requisite: N/A
Workload: 36 contact hours
Campus: Melbourne, Sydney
This is a third-year Core Unit in the Bachelor of Business, major in Accounting. This unit provides students with the understanding of some of the major contemporary issues in accounting. Upon completion of this unit, students are expected to be able to explain why particular accounting procedures and policies are commonly adopted and why certain accounting choices are made by the corporate management. This unit also enables students to enter debates on trends within financial reporting and accounting in general. It presents the Conceptual Framework in detail, and facilitates students to develop the capability to critically evaluate the accounting practices adopted by corporations from a social and ethical perspective.
The unit topics include:
At the completion of this unit students should be able to:
Assessment Task | Learning Outcomes Assessed | Weighting |
|---|---|---|
| Contribution in class | a-e* | 10% |
| Mid-term test | a,b* | 10% |
| Group assignment (written report) | c,d,e* | 30% |
| Final Exam (3 hours) | a-e* | 50% |
| Total | 100% |
*refer to learning outcomes above.
Loftus, J., Leo, K., Boys, N., Daniliuc, S., Luke, B., Hong, A., & Byrnes, K., (2016). Financial Reporting, 1st edition. Australia: Wiley.
MIT is committed to ensure the course is current, practical and relevant so that graduates are “work ready” and equipped for life-long learning. In order to accomplish this, the MIT Graduate Attributes identify the required knowledge, skills and attributes that prepare students for the industry.
The level to which Graduate Attributes covered in this unit are as follows:
| Ability to communicate | Independent and Lifelong Learning | Ethics | Analytical and Problem Solving | Cultural and Global Awareness | Team work | Specialist knowledge of a field of study |
Legend
| Colour coding | Extent covered |
| The standard is covered by theory and practice, and addressed by assessed activities in which the students always play an active role, e.g. workshops, lab submissions, assignments, demonstrations, tests, examinations | |
| The standard is covered by theory or practice, and addressed by assessed activities in which the students mostly play an active role, e.g. discussions, reading, intepreting documents, tests, examinations | |
| The standard is discussed in theory or practice; it is addressed by assessed activities in which the students may play an active role, e.g. lectures and discussions, reading, interpretation, workshops, presentations | |
| The standard is presented as a side issue in theory or practice; it is not specifically assessed, but it is addressed by activities such as lectures or tutorials | |
| The standard is not considered, there is no theory or practice or activities associated with this standard |