Course Outline

ACC620 Contemporary Accounting Issues

Course Coordinator:Monte Wynder (mwynder@usc.edu.au) School:School of Business and Creative Industries

2021Semester 2

UniSC Southbank

Blended learning Most of your course is on campus but you may be able to do some components of this course online.

Please go to usc.edu.au for up to date information on the
teaching sessions and campuses where this course is usually offered.

What is this course about?

Description

 In this course you will develop a deeper understanding of the changing nature of the accounting profession and how you can be career-adaptive in the modern business world. Using advanced critical thinking and communication skills, you will evaluate, analyse, and theorise about developments that contribute to professional practice in accounting. Current issues include questioning the need for regulation and the form that accounting standards should take, the challenges of reporting on sustainability and the way in which assets and liabilities should be measured. Articulating your arguments with reference to contemporary research, you will increase your analytic skills and your cultural awareness as you investigate the effect of business upon the environment and society. 

How will this course be delivered?

Activity Hours Beginning Week Frequency
Blended learning
Lecture 2hrs Not applicable Not Yet Determined
Tutorial/Workshop 1 1hr Not applicable Not Yet Determined

Course Topics

1 Accounting theory construction  
2 Building a personal portfolio  
3 Conducting a research project 

4 Theories of regulation and standard setting 

5 Sustainability and environmental accounting

6 Accounting measurement systems 

7 Theories in accounting 

8 Products of the Financial Reporting Process

9 Earnings management

10 Capital Markets Research 

11 Behavioural research in accounting

12 Contemporary accounting issue

What level is this course?

600 Level (Specialised)

Demonstrating a specialised body of knowledge and set of skills for professional practice or further learning. Advanced application of knowledge and skills in unfamiliar contexts.

What is the unit value of this course?

12 units

How does this course contribute to my learning?

Course Learning Outcomes On successful completion of this course, you should be able to... Graduate Qualities Mapping Completing these tasks successfully will contribute to you becoming... Professional Standard Mapping * Association to Advance Collegiate Schools of Business
1 Explain and interpret contemporary commerce related knowledge and theory. Knowledgeable
PC1.1, PC3
2 Demonstrate advanced written communication skills in a business context. Empowered
Engaged
PC1.1
3 Develop a portfolio of strategic business skills for career progression. Knowledgeable
Empowered
PC1.3, PC6
4 Demonstrate an appreciation of the need to embrace, respect and manage diversity and foster inclusivity in a business context. Ethical
Sustainability-focussed
PC4, PC5

* Competencies by Professional Body

CODE COMPETENCY
Association to Advance Collegiate Schools of Business
PC1.1 Written Communication
PC1.3 Digital Literacy
PC3 Creative and Critical Thinking
PC4 Community Consciousness
PC5 Cultural Awareness
PC6 Career-adaptive

Am I eligible to enrol in this course?

Refer to the UniSC Glossary of terms for definitions of “pre-requisites, co-requisites and anti-requisites”.

Pre-requisites

ACC510 and enrolled in any PGRD Program

Co-requisites

Not applicable

Anti-requisites

Not applicable

Specific assumed prior knowledge and skills (where applicable)

You will have a general knowledge of accounting principles and practice

How am I going to be assessed?

Grading Scale

Standard Grading (GRD)

High Distinction (HD), Distinction (DN), Credit (CR), Pass (PS), Fail (FL).

Details of early feedback on progress

Formative feedback will be provided through weekly tutorial discussion from Week 2. 

Assessment tasks

Delivery mode Task No. Assessment Product Individual or Group Weighting % What is the duration / length? When should I submit? Where should I submit it?
All 1 Portfolio Individual 20%
1000 words
Week 5 Online Assignment Submission with plagiarism check
All 2 Literature Review (or component) Individual 30%
1,500 words
Week 9 Online Assignment Submission with plagiarism check
All 3 Examination - Centrally Scheduled Individual 50%
2 hours
Exam Period Online Test (Quiz)
All - Assessment Task 1:Portfolio
Goal:
Develop a personal portfolio that demonstrates your understanding of the requirements for success in the accounting profession.
Product: Portfolio
Format:
This is an individual assessment with. multiple means of presentation.  Further details are provided on Blackboard.This task is being used for measuring assurance of learning towards Association to Advance Collegiate Schools of Business (AACSB) accreditation. The following Program Learning Objectives will be assessed:Program Learning Objective 6.1 Develop a portfolio of strategic business skills for career progression.
Criteria:
No. Learning Outcome assessed
1
Demonstrate digital literacy skills for advanced communication and information sharing in a business context.
2
2
Develop a portfolio of strategic business skills for career progression.
3
All - Assessment Task 2:Literature Review
Goal:
Demonstrate your ability to apply theoretical frameworks
Product: Literature Review (or component)
Format:
This is an individual assessment. You will apply an assigned theoretical framework to a contemporary business context. Further details are provided on Blackboard.This task is being used for measuring assurance of learning towards Association to Advance Collegiate Schools of Business (AACSB) accreditation. The following Program Learning Objectives will be assessed:Program Learning Objective 1.1 - Demonstrate advanced written communication skills in a business context. Program Learning Objective 5.1 Demonstrate an appreciation of the need to embrace, respect and manage diversity and foster inclusivity in a business context.
Criteria:
No. Learning Outcome assessed
1
Demonstrate advanced written communication skills in applying theory to a contemporary accounting issue.
1
2
Recognise the importance of diversity and inclusivity in evaluating a business scenario.
4
All - Assessment Task 3:Final examination
Goal:
To demonstrate your understanding of the role of accounting theory, generally, and to apply specific theory to accounting issues
Product: Examination - Centrally Scheduled
Format:
This is an individual assessment - two hours comprising short and long answer questions.
Criteria:
No. Learning Outcome assessed
1
The accuracy of your interpretation and application of accounting theory.
1

Directed study hours

A 12-unit course will have total of 150 learning hours which will include directed study hours (including online if required), self-directed learning and completion of assessable tasks. Student workload is calculated at 12.5 learning hours per one unit.

What resources do I need to undertake this course?

Please note: Course information, including specific information of recommended readings, learning activities, resources, weekly readings, etc. are available on the course Canvas site– Please log in as soon as possible.

Prescribed text(s) or course reader

Please note that you need to have regular access to the resource(s) listed below. Resources may be required or recommended.

Required? Author Year Title Edition Publisher
Required Rankin, M., Ferlauto, K., McGowan, S., and McGowan, P. 2017 Contemporary Issues in Accounting 2nd edn. Brisbane: Wiley

Specific requirements

Access to a computer with an internet connection, either on-campus or at home

How are risks managed in this course?

Health and safety risks for this course have been assessed as low. It is your responsibility to review course material, search online, discuss with lecturers and peers and understand the health and safety risks associated with your specific course of study and to familiarise yourself with the University’s general health and safety principles by reviewing the online induction training for students, and following the instructions of the University staff.

What administrative information is relevant to this course?

Assessment: Academic Integrity

Academic integrity is the ethical standard of university participation.  It ensures that students graduate as a result of proving they are competent in their discipline.  This is integral in maintaining the value of academic qualifications. Each industry has expectations and standards of the skills and knowledge within that discipline and these are reflected in assessment.

Academic integrity means that you do not engage in any activity that is considered to be academic fraud; including plagiarism, collusion or outsourcing any part of any assessment item to any other person.  You are expected to be honest and ethical by completing all work yourself and indicating in your work which ideas and information were developed by you and which were taken from others. You cannot provide your assessment work to others. You are also expected to provide evidence of wide and critical reading, usually by using appropriate academic references.

In order to minimise incidents of academic fraud, this course may require that some of its assessment tasks, when submitted to Canvas, are electronically checked through Turnitin.  This software allows for text comparisons to be made between your submitted assessment item and all other work to which Turnitin has access.

Assessment: Additional Requirements

Your eligibility for supplementary assessment in a course is dependent of the following conditions applying:

The final mark is in the percentage range 47% to 49.4%
The course is graded using the Standard Grading scale
You have not failed an assessment task in the course due to academic misconduct

Assessment: Submission penalties

Late submission of assessment tasks may be penalised at the following maximum rate: 
- 5% (of the assessment task's identified value) per day for the first two days from the date identified as the due date for the assessment task. 
- 10% (of the assessment task's identified value) for the third day - 20% (of the assessment task's identified value) for the fourth day and subsequent days up to and including seven days from the date identified as the due date for the assessment task. 
- A result of zero is awarded for an assessment task submitted after seven days from the date identified as the due date for the assessment task. Weekdays and weekends are included in the calculation of days late. To request an extension you must contact your course coordinator to negotiate an outcome.

SafeUniSC

UniSC is committed to a culture of respect and providing a safe and supportive environment for all members of our community. For immediate assistance on campus contact SafeUniSC by phone: 07 5430 1168 or using the SafeZone app. For general enquires contact the SafeUniSC team by phone 07 5456 3864 or email safe@usc.edu.au.

The SafeUniSC Specialist Service is a Student Wellbeing service that provides free and confidential support to students who may have experienced or observed behaviour that could cause fear, offence or trauma. To contact the service call 07 5430 1226 or email studentwellbeing@usc.edu.au.

Study help

For help with course-specific advice, for example what information to include in your assessment, you should first contact your tutor, then your course coordinator, if needed.

If you require additional assistance, the Learning Advisers are trained professionals who are ready to help you develop a wide range of academic skills. Visit the Learning Advisers web page for more information, or contact Student Central for further assistance: +61 7 5430 2890 or studentcentral@usc.edu.au.

Wellbeing Services

Student Wellbeing provide free and confidential counselling on a wide range of personal, academic, social and psychological matters, to foster positive mental health and wellbeing for your academic success.

To book a confidential appointment go to Student Hub, email studentwellbeing@usc.edu.au or call 07 5430 1226.

AccessAbility Services

Ability Advisers ensure equal access to all aspects of university life. If your studies are affected by a disability, learning disorder mental health issue, injury or illness, or you are a primary carer for someone with a disability or who is considered frail and aged, AccessAbility Services can provide access to appropriate reasonable adjustments and practical advice about the support and facilities available to you throughout the University.

To book a confidential appointment go to Student Hub, email AccessAbility@usc.edu.au or call 07 5430 2890.

Links to relevant University policy and procedures

For more information on Academic Learning & Teaching categories including:

  • Assessment: Courses and Coursework Programs
  • Review of Assessment and Final Grades
  • Supplementary Assessment
  • Central Examinations
  • Deferred Examinations
  • Student Conduct
  • Students with a Disability

For more information, visit https://www.usc.edu.au/explore/policies-and-procedures#academic-learning-and-teaching

Student Charter

UniSC is committed to excellence in teaching, research and engagement in an environment that is inclusive, inspiring, safe and respectful. The Student Charter sets out what students can expect from the University, and what in turn is expected of students, to achieve these outcomes.

General Enquiries

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