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Accounting Theory

duration Duration: 1 Teaching Period

unit code Unit Code: ACC30008

contact hours Contact Hours: Recommended 10 hours of study per week

About this unit

This unit draws upon knowledge gained from earlier accounting units. In particular, students are required to apply and demonstrate insights derived from the areas of corporate accounting, management accounting and financial management. The unit seeks to instil in students a critical appreciation of both theory in accounting and contemporary accounting practice. It does this by locating the discipline of accounting into a wider context than that normally associated (or possible) with earlier accounting units. The unit will provide students with an understanding of various theoretical perspectives and the application of Accounting Standards to some important financial accounting problems. On successful completion of this unit, students should be able to understand, discuss, and critically analyse a range of issues pertaining to financial accounting theory and regulation.


Although individual topic areas can vary, the unit syllabus typically embodies the following general pattern of topic coverage:

  • External reporting environment
  • Theory in accounting: general introduction
  • Theory in accounting: some specific theories
  • Theory in accounting: the Conceptual Framework
  • Accounting for income tax (Part A)
  • Accounting for income tax (Part B)
  • Non-current assets: overview and depreciation
  • Non-current assets: revaluation and impairment testing
  • Accounting for intangible assets
  • Accounting for leases
  • Earnings per share
  • Segment reporting.

This unit is found in Bachelor of Business with a Major in Accounting.

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