accounting outline

gistfile1.txt

**Accounting Theory **
Subject Overview:	
The subject aims to develop a critical understanding of the supporting theories and assumptions underpinning financial accounting and the analysis of contemporary financial accounting issues. This critical understanding is developed by exploring the current research thinking on how financial accounting information integrates with modern financial economies. Particular attention is paid to understanding how financial markets use financial accounting information as well as to the economic incentives that derive from its reporting.

Learning Outcomes:	
Explain the role of theory development in Accounting
Explain the concepts of decision usefulness in a financial market setting
Explain the role of the standard setting process in a financial market setting
Explain the role of economic incentives in determining accounting policy choice
Synthesise the range of emerging issues in financial accounting
Assessment:	
A 3-hour end-of-semester examination (70%) and a 1.5 hour mid-semester test (30%).

https://handbook.unimelb.edu.au/view/current/ACCT30001

Accounting Process and Analysis

Subject Overview:
The objective of this subject is to provide students with a broad introduction to core business processes that underpin organisational business activities and generate accounting transaction data. The subject will discuss methods for documenting and analysing business processes; the role and operation of accounting information systems; internal controls for business processes; and the core business processes associated with revenue and expenditure transaction cycles and business reporting.

Learning Outcomes:
On successful completion of this subject a student should be able to:

identify the activities and business processes that generate specific accounting data;
read business process documentation;
explain the role of business processes and accounting data in supporting the information needs of internal and external stakeholders;
explain the importance of internal control;
recommend internal control plans to cover key business process risks and to achieve key business process operation and information control goals;
evaluate, analyse and interpret the efficacy of business processes and the reliability of accounting data generated within business processes.
Assessment:
3 hour end of semester examination (70%)
One assignment totalling 500 words due early in the semester (5%)
One assignment totalling 1500 words due towards the end of the semester (15%)
Class participation (10%)
Successful completion of this subject requires a minimum 50% pass in the end of semester examination