KING’S OWN INSTITUTE*
Success in Higher Education
ACC303 CONTEMPORARY ISSUES IN ACCOUNTING T220 02/07/2020 12:06 PAGE 1 OF 18
*AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD © ABN: XXXXXXXXXXCRICOS 03171A
ACC303 CONTEMPORARY ISSUES IN ACCOUNTING T220
All information in the Subject Outline is co
ect at the time of approval. KOI reserves the right to make changes to the Subject
Outline if they become necessary. Any changes require the approval of the KOI Academic Board and will be formally advised
to those students who may be affected by email and via Moodle.
Information contained within this Subject Outline applies to students enrolled in the trimester as indicated.
This subject replaces ACC302 Advanced Accounting
1. General Information
1.1 Administrative Details
Associated HE Award(s) Duration Level Subject Coordinator
B Bus (Accg) XXXXXXXXXX1 trimester Level 3 Rex Walsh
XXXXXXXXXX
P: XXXXXXXXXX
L: Level 1, 545 Kent St.
Consultation: via Moodle or
y appointment
1.2 Core / Elective
This is a core subject for B Bus (Accg)
1.3 Subject Weighting
Indicated below is the weighting of this subject and the total course points.
Subject Credit Points Total Course Credit Points
XXXXXXXXXX4 BBus (Accg) 96
1.4 Student Workload
Indicated below is the expected student workload per week for this subject
No. timetabled hours/week* No. Personal Study
Hours/Week**
Total Workload
Hours/Week***
4 hours/week
(2 hour Lecture + 2 hour Tutorial)
6 hours/week 10 hours/week
* Total time spent per week at lectures and tutorials
** Total time students are expected to spend per week in studying, completing assignments, etc.
*** Combination of timetable hours and personal study
1.5 Mode of Delivery Blended, that is face-to-face/online
1.6 Pre-requisites ACC100 Introduction to Accounting, ACC101 Introduction to Financial
Accounting, ACC200 Introduction to Management Accounting,
ACC201 Financial Accounting and ACC202 Management Accounting.
Co-requisite ACC300 Auditing and Assurance Services
1.7 General Study and Resource Requirements
o Students are expected to attend classes with the weekly worksheets and subject support material
provided in Moodle. Students should read this material before coming to class to improve their ability to
participate in the weekly activities.
o Students will require access to the internet and their KOI email and should have basic skills in word
processing software such as MS Word, spreadsheet software such as MS Excel and visual
presentation software such as MS PowerPoint.
Approved by KOI Academic Board for T2 2020
mailto: XXXXXXXXXX
ACC303
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*AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD © ABN: XXXXXXXXXXCRICOS 03171A
o Computers and WIFI facilities are extensively available for student use throughout KOI. Students are
encouraged to make use of the campus Li
ary for reference materials.
Resource requirements specific to this subject: Students should have a non-programmable calculator.
Applications in smart phones will not be sufficient to perform the required calculations.
2 Academic Details
2.1 Overview of the Subject
The Contemporary Issues in Accounting subject examines a number of contemporary and emerging global
issues in order to familiarise you with the business environment you are likely to be operating in as an
accountant. Contemporary Issues in Accounting is also a vehicle for advancing the development of
professional values, ethics and attitudes.
In particular, attitudes that:
o value learning combined with well-developed personal communication, networking and information
technology skills
o acknowledge the importance of professional curiosity as a means of avoiding imprudent decision-
making
o welcome divergent opinions and creative approaches to problem solving as a means of gaining
insights into an increasingly complex and dynamic business world.
This subject will also offer you the challenges and opportunities presented by contemporary issues in
accounting – such as corporate social responsibility, sustainability and capital Markets.
Online resources are used for this subject, including video presentations and web links.
2.2 Graduate Attributes for Undergraduate Courses
Graduates of the Bachelor of Business (Accounting), and the Bachelor of Business (Management and
Finance) courses from King’s Own Institute will achieve the graduate attributes expected from successful
completion of a Bachelor’s degree under the Australian Qualifications Framework (2nd edition, January 2013).
Graduates at this level will be able to apply an advanced body of knowledge in a range of contexts for
professional practice or scholarship and as a pathway for further learning
King’s Own Institute’s key generic graduate attributes for a bachelor’s level degree are summarised below:
KOI Bachelor Degree
Graduate Attributes Detailed Description
Knowledge Cu
ent, comprehensive and coherent knowledge
Critical Thinking Critical thinking and creative skills to analyse and synthesise information and evaluate new problems
Communication
Communication skills for effective reading, writing, listening and
presenting in varied modes and contexts and for transfe
ing
knowledge and skills to a variety of audiences
Information Literacy Information and technological skills for accessing, evaluating, managing and using information professionally
Problem Solving Skills
Skills to apply logical and creative thinking to solve problems and
evaluate solutions
Ethical and Cultural
Sensitivity
Appreciation of ethical principles, cultural sensitivity and social
esponsibility, both personally and professionally
Teamwork Leadership and teamwork skills to collaborate, inspire colleagues and manage responsibly with positive results
Professional Skills
Professional skills to exercise judgement in planning, problem
solving and decision making
Approved by KOI Academic Board for T2 2020
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*AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD © ABN: XXXXXXXXXXCRICOS 03171A
Across the course, these skills are developed progressively at three levels:
o Level 1 Foundation – Students learn the basic skills, theories and techniques of the subject and apply
them in basic, stand-alone contexts.
o Level 2 Intermediate – Students further develop skills, theories and techniques of the subject and
apply them in more complex contexts, beginning to integrate the application with other subjects.
o Level 3 Advanced – Students have a demonstrated ability to plan, research and apply the skills,
theories and techniques of the subject in complex situations, integrating the subject content with a
ange of other subject disciplines within the context of the course.
2.3 Subject Learning Outcomes
This is a Level 3 subject.
Listed below, are key knowledge and skills students are expected to attain by successfully completing this
subject:
Subject Learning Outcomes Contribution to Graduate Attributes
a) Critically evaluate financial accounting reporting issues
and their impact on stakeholders
) Examine various theoretical and philosophical approaches to
accounting
c) Analyse cu
ent accounting issues including ethical
equirements
d) Evaluate implications of contemporary accounting issues.
2.4 Subject Content and Structure
Below are details of the subject content and how it is structured, including specific topics covered in
lectures and tutorials. Reading refers to the text unless otherwise indicated.
Weekly Planner:
Week (beginning) Topic covered in each week’s lecture Reading(s) Expected work
1
06 Jul
Contemporary issues in
accounting and
accounting theory
Ch. 1
https:
www.accountingtoday.com/new
s/the-accounting-professions-biggest-
challenges
Tutorial exercises
2
13 Jul
The conceptual
framework for financial
eporting and standard
setting
Ch. 3
https:
www.aasb.gov.au/Pronouncem
ents/Conceptual-framework.aspx
Tutorial exercises
3
20 Jul
Theories in accounting:
normative and positive
accounting theory
Ch. 9
https:
www.jstor.org/stable/247880?se
q=1/analyze
Tutorial exercises
Approved by KOI Academic Board for T2 2020
https:
www.accountingtoday.com/news/the-accounting-professions-biggest-challenges
https:
www.accountingtoday.com/news/the-accounting-professions-biggest-challenges
https:
www.accountingtoday.com/news/the-accounting-professions-biggest-challenges
https:
www.aasb.gov.au/Pronouncements/Conceptual-framework.aspx
https:
www.aasb.gov.au/Pronouncements/Conceptual-framework.aspx
https:
www.jstor.org/stable/247880?seq=1/analyze
https:
www.jstor.org/stable/247880?seq=1/analyze
ACC303
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*AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD © ABN: XXXXXXXXXXCRICOS 03171A
4
27 Jul
Capital market research
and its implications for
accounting
Ch. 6
https:
www2.deloitte.com/us/en/pages
financial-services/articles/insights-on-
the-2019-banking-capital-markets-
outlook.html
Tutorial exercises
5
03 Aug
Earnings management
and quality
Ch. 10
https:
sfmagazine.com/post-
entry/november-2018-the-ethicality-of-
earnings-management
AASB 133
Tutorial exercises
Finalise groups
6
10 Aug
Sustainability and
environmental accounting
Ch.7
https:
www.globalreporting.org/inform
ation/sustainability-
eporting/Pages/default.aspx
Tutorial exercises
Individual
assignment due
16 Aug 2020
–
23 Aug 2020
Mid trimester
eak
7
24 Aug
Contemporary theories in
accounting
Ch. 11
https:
link.springer.com/article/10.100
7/s XXXXXXXXXXz
Tutorial exercises
8
31 Aug
Behavioural research in
accounting
Ch. 10
Tomasz Zygmański, The Selected
Problems of Behavioral Accounting:
The Issue of Intellectual
Capital, Neuroeconomic and
Behavioral Aspects of Decision
Making, XXXXXXXXXX/ XXXXXXXXXX-
4_14, XXXXXXXXXX), (2017).
Tutorial exercises
9
07 Sep Ethics in accounting
Ch. 8
https:
www.cpaaustralia.com.au/profe
ssional-resources/ethics
APES 110
Tutorial exercises
10
14 Sep
Influence of corporate
governance and culture
on accounting
Ch. 8
https:
www.asx.com.au/documents/as
x-compliance/cgc-principles-and-
ecommendations-3rd-edn.pdf
Tutorial exercises
Group
assignment due
11
21 Sep
International accounting
and global accounting
trends
Ch.5 http:
integratedreporting.org
https:
store.charteredaccountantsanz.
com/Introduction-to-Integrated-
Reporting-2019
Tutorial exercises
Group
presentations
12
28 Sep Revision Tutorial exercises
13
04 Oct Study Review Week
14
12 Oct Final