Accounting Theory

University of Newcastle

Course Description

  • Course Name

    Accounting Theory

  • Host University

    University of Newcastle

  • Location

    Newcastle, Australia

  • Area of Study


  • Language Level

    Taught In English

  • Prerequisites

    This course replaces ACFI3010 and ACFI3030.

  • Course Level Recommendations


    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • Host University Units

  • Recommended U.S. Semester Credits
    3 - 4
  • Recommended U.S. Quarter Units
    4 - 6
  • Overview

    Theory defines practice; its success depends upon its value to the user. Various issues associated with the formulation of accounting theory are investigated. General parameters established by reference to alternate organisational structures and theories are used to evaluate the requirements of accounting in major managerial activities. Self directed learning and critical thinking skills are emphasised as essential professional attributes.
    1. Demonstrate a descriptive understanding of achievements within the discipline of financial accounting with reference to various processes and theories.
    2. Assess the implications for accounting of alternate approaches to decision making and alternative concepts of organization.
    3. Critically examine the role of accounting information from a strategic perspective.
    4. Work independently or collaboratively to communicate professional knowledge and experience in both written and verbal formats.
    5. Make reasoned ethical judgements relating to their professional knowledge and accounting research.
    6. Evaluate different accounting paradigms and outcomes to inform and direct personal learning.
    7. Construct a research proposal and conduct an investigative project producing outcomes which meet academic standards.
    Lectures may include, but not be restricted to, the following topics:
    Accounting Theory
    Accounting Research
    Ethics relating to research and professions
    The accounting environment
    Normative research
    Empirical research
    Alternative approaches

Course Disclaimer

Courses and course hours of instruction are subject to change.

Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.