Available in 2017, 2018
Course code



10 units


3000 level

Course handbook


Theory defines practice; its success depends upon its value to the user. Various issues associated with the formulation of accounting theory are investigated. General parameters established by reference to alternate organisational structures and theories are used to evaluate the requirements of accounting in major managerial activities. Self directed learning and critical thinking skills are emphasised as essential professional attributes.

Availability2017 Course Timetables

PSB Singapore

  • Trimester 3 - 2017 (Singapore)
  • Trimester 2 - 2018 (Singapore)
  • Trimester 3 - 2018 (Singapore)
  • Trimester 1 - 2018 (Singapore)

Newcastle City Precinct

  • Semester 1 - 2018
  • Summer 2 - 2018


  • Semester 1 - 2018

Learning outcomes

On successful completion of the course students will be able to:

1. Demonstrate a descriptive understanding of achievements within the discipline of financial accounting with reference to various concepts and theories.

2. Interpret, discuss and evaluate competing accounting theories and concepts.

3. Apply accounting theories and concepts to current accounting issues.

4. Work independently or collaboratively to communicate professional knowledge and experience in both written and verbal formats.

5. Construct a research proposal and conduct an investigative project producing outcomes which meet academic standards.


Lectures will cover the following topics:

1.       Accounting Theory

2.       Accounting Regulation

3.       The Conceptual Framework

4.       Measurement

5.       Balance Sheet

6.       Income Statement

7.       Accounting Research

Assumed knowledge

The assumed knowledge for this course is completion of ACFI2003 or ACFI2004 or ACFI2011 or ACFI2012.

Assessment items

Written Assignment: Written Research Report: Critical evaluation of an accounting standard

Presentation: Presentation

Written Assignment: Reading Notes and Summaries

Formal Examination: Final Examination

Contact hours

Callaghan, Ourimbah and PSB Singapore

Integrated Learning Session

Face to Face On Campus 2 hour(s) per Week for Full Term starting in week 1

Students are expected to complete 4 hours of guided learning via online preparation, lectures, interactive workshops, tutorials, discussion groups or self-directed learning and an additional 6 hours of independent study per week.