James Cook University Subject Handbook - 2020

CO5123 - Advanced Issues in Accounting

This subject is particularly useful for students enrolled in the Graduate Certificate of Accounting, Graduate Diploma in Accounting, Master of Professional Accounting, Master of Professional Accounting/Master of Business Administration or Master of Professional Accounting Advanced but would be of value to other postgraduate students.

Subject Description

This subject critically examines current issues in financial accounting with respect to measurement and reporting. Academics and other accounting researchers and professionals try to resolve current financial accounting issues both nationally and internationally and develop new techniques and understandings in order to improve practice. Controversial issues in financial accounting that have been debated over the years will be critically evaluated in CO5123. This subject is designed to provide a foundation for students to understand and participate in debates on important issues in financial accounting as well as gain a good comprehension of the accounting treatment and reporting of various issues.

Learning Outcomes

• critically analyse important issues in contemporary financial and management accounting
• examine and assess approaches to the treatment and reporting of accounting issues faced by reporting entities
• conceptualise responses to the current financial reporting standard

Subject Assessment

• Invigilated > End of semester exam - (55%)
• Non-Invigilated > Assignments - (25%)
• Quizzes and tests as per Subject Outline -test covering initial topics covered early in offering - (20%)

Note that minor variations might occur due to the continuous subject quality improvement process, and in case of minor variation(s) in assessment details, the Subject Outline represents the latest official information.

Inadmissible Subject Combinations:  CO5104

Availabilities