acc3iac international accounting
INTERNATIONAL ACCOUNTING
ACC3IAC
2019
Credit points: 15
Subject outline
The purpose of this subject is to increase your understanding of the social, political, economic and cultural factors that may lead to diversity of national accounting systems throughout the world and the problems that this diversity may cause for both companies; users of corporate annual reports and financial markets. This subject will increase your understanding of how the global international financial community has responded to this challenge through the International Accounting Standards Board and International Financial Reporting Standards.
SchoolLa Trobe Business School
Credit points15
Subject Co-ordinatorJustin Lachal
Available to Study Abroad StudentsYes
Subject year levelYear Level 3 - UG
Exchange StudentsYes
Subject particulars
Subject rules
Prerequisites ACC2CRE
Co-requisitesN/A
Incompatible subjectsN/A
Equivalent subjectsN/A
Special conditionsN/A
Learning resources
Readings
| Resource Type | Title | Resource Requirement | Author and Year | Publisher |
|---|---|---|---|---|
| Readings | Comparative International Accounting, 13th Edition | Prescribed | Nobes, C., and Parker, R., (2016) | Prentice-Hall International (UK) Limited, Hertfordshire. |
Graduate capabilities & intended learning outcomes
01. Explain the role and use of information for financial reporting and the problems this diversity may generate.
- Activities:
- Online Lectures; Forum and Other Online Discussion Activities; Online Tutorial Questions; Learning Journal; Written Report
- Related graduate capabilities and elements:
- Literacies and Communication Skills(Writing,Cultural Literacy)
- Inquiry and Analytical Skills(Critical Thinking,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Inquiry/Research)
- Personal and Professional Skills(Ethical behaviour,Study and Learning Skills)
02. Analyse and explain the major factors influencing the development of accounting and information disclosure in the global economy.
- Activities:
- Online Lectures; Forum and Other Online Discussion Activities; Online Tutorial Questions; Learning Journal; Written Report
- Related graduate capabilities and elements:
- Literacies and Communication Skills(Writing,Cultural Literacy)
- Literacies and Communication Skills(Writing,Cultural Literacy)
- Inquiry and Analytical Skills(Critical Thinking,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Inquiry/Research)
- Personal and Professional Skills(Ethical behaviour,Study and Learning Skills)
- Personal and Professional Skills(Ethical behaviour,Study and Learning Skills)
03. Explain and critique the role of international accounting in developing economies.
- Activities:
- Online Lectures; Forum and Other Online Discussion Activities; Online Tutorial Questions; Learning Journal; Written Report
- Related graduate capabilities and elements:
- Literacies and Communication Skills(Writing,Cultural Literacy)
- Literacies and Communication Skills(Writing,Cultural Literacy)
- Inquiry and Analytical Skills(Critical Thinking,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Inquiry/Research)
- Personal and Professional Skills(Ethical behaviour,Study and Learning Skills)
- Personal and Professional Skills(Ethical behaviour,Study and Learning Skills)
- Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)
04. Compare and contrast the financial reporting practices and regulatory frameworks of a variety of countries
- Activities:
- Online Lectures; Forum and Other Online Discussion Activities; Online Tutorial Questions; Learning Journal; Written Report
- Related graduate capabilities and elements:
- Literacies and Communication Skills(Writing,Cultural Literacy)
- Literacies and Communication Skills(Writing,Cultural Literacy)
- Inquiry and Analytical Skills(Critical Thinking,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Inquiry/Research)
- Personal and Professional Skills(Ethical behaviour,Study and Learning Skills)
- Personal and Professional Skills(Ethical behaviour,Study and Learning Skills)
- Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)
05. Assess the arguments for and against international harmonization and the role of the International Accounting Standards Board (IASB) and other global and regional bodies
- Activities:
- Online Lectures; Forum and Other Online Discussion Activities; Online Tutorial Questions; Learning Journal; Written Report
- Related graduate capabilities and elements:
- Literacies and Communication Skills(Writing,Cultural Literacy)
- Literacies and Communication Skills(Writing,Cultural Literacy)
- Inquiry and Analytical Skills(Critical Thinking,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Inquiry/Research)
- Personal and Professional Skills(Ethical behaviour,Study and Learning Skills)
- Personal and Professional Skills(Ethical behaviour,Study and Learning Skills)
- Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)
06. Describe, contrast and evaluate the solutions that the IASB has developed to a number of key international financial reporting issues
- Activities:
- Online Lectures; Forum and Other Online Discussion Activities; Online Tutorial Questions; Learning Journal; Written Report
- Related graduate capabilities and elements:
- Literacies and Communication Skills(Writing,Cultural Literacy)
- Literacies and Communication Skills(Writing,Cultural Literacy)
- Inquiry and Analytical Skills(Critical Thinking,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Inquiry/Research)
- Personal and Professional Skills(Ethical behaviour,Study and Learning Skills)
- Personal and Professional Skills(Ethical behaviour,Study and Learning Skills)
- Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)
07. Critically appraise the extent to which the IASB and International Financial Reporting Standards (IFRSs) could help towards more sustainable forms of business practice
- Activities:
- Online Lectures; Forum and Other Online Discussion Activities; Online Tutorial Questions; Learning Journal; Written Report
- Related graduate capabilities and elements:
- Literacies and Communication Skills(Writing,Cultural Literacy)
- Literacies and Communication Skills(Writing,Cultural Literacy)
- Inquiry and Analytical Skills(Critical Thinking,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Inquiry/Research)
- Personal and Professional Skills(Ethical behaviour,Study and Learning Skills)
- Personal and Professional Skills(Ethical behaviour,Study and Learning Skills)
- Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)
Subject options
Select to view your study options…
Albury-Wodonga, 2019, Winter semester, Online
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorJustin Lachal
Class requirements
Scheduled Online ClassWeek: 27 - 28
Four 1.0 hours scheduled online class other recurrence on any day including weekend at night from week 27 to week 28 and delivered via online.
"During the study period, students will have the option to attend online discussion sessions in which they discuss subject content with other students and the subject coordinator."
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| Learning Journal (equivalent to 500 words) | 10 | 01, 02, 03, 04, 05, 06, 07 | |
| Written Report (equivalent to 1,000 words) | 30 | 01, 02, 03, 04, 05, 06, 07 | |
| 3-hour final examination (equivalent to 3,000 words) | 60 | 01, 02, 03, 04, 05, 06, 07 |
Bendigo, 2019, Winter semester, Online
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorJustin Lachal
Class requirements
Scheduled Online ClassWeek: 27 - 28
Four 1.0 hours scheduled online class other recurrence on any day including weekend at night from week 27 to week 28 and delivered via online.
"During the study period, students will have the option to attend online discussion sessions in which they discuss subject content with other students and the subject coordinator."
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| Learning Journal (equivalent to 500 words) | 10 | 01, 02, 03, 04, 05, 06, 07 | |
| Written Report (equivalent to 1,000 words) | 30 | 01, 02, 03, 04, 05, 06, 07 | |
| 3-hour final examination (equivalent to 3,000 words) | 60 | 01, 02, 03, 04, 05, 06, 07 |
Melbourne, 2019, Winter semester, Online
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorJustin Lachal
Class requirements
Scheduled Online ClassWeek: 27 - 28
Four 1.0 hours scheduled online class other recurrence on any day including weekend at night from week 27 to week 28 and delivered via online.
"During the study period, students will have the option to attend online discussion sessions in which they discuss subject content with other students and the subject coordinator."
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| Learning Journal (equivalent to 500 words) | 10 | 01, 02, 03, 04, 05, 06, 07 | |
| Written Report (equivalent to 1,000 words) | 30 | 01, 02, 03, 04, 05, 06, 07 | |
| 3-hour final examination (equivalent to 3,000 words) | 60 | 01, 02, 03, 04, 05, 06, 07 |
Mildura, 2019, Winter semester, Online
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorJustin Lachal
Class requirements
Scheduled Online ClassWeek: 27 - 28
Four 1.0 hours scheduled online class other recurrence on any day including weekend at night from week 27 to week 28 and delivered via online.
"During the study period, students will have the option to attend online discussion sessions in which they discuss subject content with other students and the subject coordinator."
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| Learning Journal (equivalent to 500 words) | 10 | 01, 02, 03, 04, 05, 06, 07 | |
| Written Report (equivalent to 1,000 words) | 30 | 01, 02, 03, 04, 05, 06, 07 | |
| 3-hour final examination (equivalent to 3,000 words) | 60 | 01, 02, 03, 04, 05, 06, 07 |
Shepparton, 2019, Winter semester, Online
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorJustin Lachal
Class requirements
Scheduled Online ClassWeek: 27 - 28
Four 1.0 hours scheduled online class other recurrence on any day including weekend at night from week 27 to week 28 and delivered via online.
"During the study period, students will have the option to attend online discussion sessions in which they discuss subject content with other students and the subject coordinator."
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| Learning Journal (equivalent to 500 words) | 10 | 01, 02, 03, 04, 05, 06, 07 | |
| Written Report (equivalent to 1,000 words) | 30 | 01, 02, 03, 04, 05, 06, 07 | |
| 3-hour final examination (equivalent to 3,000 words) | 60 | 01, 02, 03, 04, 05, 06, 07 |