James Cook University Subject Handbook - 2021

BX3012 - Contemporary Issues in Accounting

Subject Description

This subject critically examines issues in financial accounting research and practice. Controversial issues in financial accounting that have been debated over the years will be critically evaluated in this subject. This subject is designed to provide a foundation for students to understand and participate in debates on important issues in financial accounting. This subject will also provide increased coverage of key areas of financial accounting such as accounting for foreign exchange and leases.

Learning Outcomes

• appraise theoretical and practical aspects of alternative accounting models for profit and capital measurement in times of changing prices
• integrate and apply International Financial Reporting Standards for the disclosure of financial and non-financial information
• develop researched and reflective opinions and judgements concerning theoretical and practical standard setting in accounting, drawing on relevant research and practice and convey this using oral and written communication techniques
• use accounting frameworks to critically analyse current financial reporting issues encountered by accountants, auditors, regulators and users of financial information and develop well-supported arguments to inform decision making

Subject Assessment

• Written > Examination (centrally administered) - (60%) - Individual
• Written > Test/Quiz 1 - (10%) - Individual
• Participation > Online participation - (30%) - Group & Individual

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:  CO3011 CO3013

Availabilities