301225 (v.2) Accounting (Regulation) 324

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Area:	School of Accounting
Credits:	25.0
Contact Hours:	3.0
Lecture:	1 x 1 Hours Weekly
Tutorial:	1 x 2 Hours Weekly
Prerequisite(s):	305228 (v.1) Accounting (Financial) 250 or any previous version
Syllabus:	The nature and process of regulating accounting standards in Australia. Role of Government, Australian Accounting Standards (AASB), Financial Reporting Council (FRC) and the Urgent Issues Group (UIG). Arguments on regulation and regulatory processes in other countries. Political, economic and international influences on accounting standards, international harmonisation and the role and influence of conceptual framework documents. Case studies.
Unit Outcomes:	On successful completion of this unit students wsill have- Understanding of the purpose and role of Australian Accounting Standards (AASB), Financial Reporting Council (FRC) and the Urgent Issues Group (UIG). Appreciated arguments on regulation and regulatory processes in other countries. Developed an understanding of political, economic and international influences on accounting standards.
Text and references listed above are for your information only and current as of September 30, 2003. Please check with the unit coordinator for up-to-date information.
Unit References:	CPA/ICAA. Accounting Handbook. (updated annually). Sydney, Pearson Education.
Unit Texts:	No prescribed texts.
Unit Assessment Breakdown:	Case Study 30%, Essay 20%, Final Examination 50%. This is done by grade/mark assessment.