ACT505_Sem1_2020

The table below contains accredited information for this unit:

Unit Code ACT505
Unit Name Accounting Theory
Year 2020
Semester Semester 1
Sector Higher Education
School/Discipline Accounting And Finance
Credit Points 10
Equivalent Units PRBA005
Pre-requisites Must have passed 1 units in {ACT501, PRBA001}
Assumed Knowledge NA
This is a postgraduate unit and only available to students enrolled in
postgraduate courses. This unit provides students with skills to appreciate and
evaluate alternative theories and perspectives of accounting and contemporary
accounting practice. This appreciation of accounting theories will enable students
to engage, construct and implement present relevant information. The phrase
'theory defines practice' reflects a truth behind successful accounting practice
across the world. Reflecting upon this idea, students studying this unit will
Unit Description develop important skills and a critical appreciation of both theories in accounting
and contemporary accounting practice across a variety of contexts and
applications. The unit provides students with a critical understanding of key
theoretical concepts and perspectives, the application of accounting standards
and emerging issues in accounting. On successful completion of the unit,
students will have gained critical perspective of accounting theories and skills
enabling them to better perform as accounting professionals in the competitive
global environment.
1. Demonstrate a critical understanding of accounting theory and
perspectives.
2. Critically analyse accounting methods and theory.
3. Apply alternative theoretical frameworks in examining accounting issues
Learning Outcomes and practices
4. Evaluate the need for regulation of financial accounting and the approach
to regulation in Australia.
5. Analyse emerging issues in accounting and evaluate their implications for
the accounting profession.
Related Learning
Assessment Task Value (of total mark)
outcome/s
Case Study – Critical
analysis of a given case or
20% 1,2,3,4,5
accounting problem
(1500-2000 words).
Assessment Items
Engagement –
Successfully complete
individual and group 10% 1,2,4,5
activities (both in-class
and online).
Final Exam (closed book, 50% 1,2,3,4,5

Charles Darwin University, ABN 54 903 513 649, CRICOS Provider No: 00300K, RTO Provider No: 0373, Page 1
 ACT505_Sem1_2020

3 hours)
Written Report – Analysis
with associated
recommendations of a
20% 1,2,3,4,5
given Accounting issue or
problem (1500-2000
words).

Charles Darwin University, ABN 54 903 513 649, CRICOS Provider No: 00300K, RTO Provider No: 0373, Page 2