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Unit of study_

ACCT6002: International Accounting

Designed to support the global professional, this unit of study provides students with the skills to analyse, interpret and compare international accounting rules and practices, paying particular attention to the development and application of International Financial Reporting Standards. While many of the topics in an international accounting unit of study have a domestic counterpart, this unit explores the complexity of the international arena, arising from, for example diversity of laws, practices, customs, cultures, and competitive circumstances, as well as the risks associated with fluctuating exchange rates, differential rates of inflation, and unstable property rights. Alongside these issues, students will explore new international reporting challenges, including the role of audit across jurisdictional boundaries, comparative approaches to organisational accountability, international sustainability accounting practices, accounting for carbon production and abatement, and other extended responsibilities that have international implications. International accounting considers these issues from a range of perspectives ‒ the company, the government, the community ‒ supporting students in developing multi-stakeholder perspectives on international accounting. In drawing on contemporary research into corporate reporting and disclosure across national boundaries, the unit of study develops strategic and analytical skills.

Code ACCT6002
Academic unit Accounting
Credit points 6
Prerequisites:
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ACCT5001
Corequisites:
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None
Prohibitions:
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None
Assumed knowledge:
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Accounting standards and their application

At the completion of this unit, you should be able to:

  • LO1. demonstrate an integrated understanding of key concepts, techniques, and trends in international accounting, and the challenges and opportunities involved in applying this knowledge in diverse contexts
  • LO2. question, assess, and respond independently and creatively to assumptions, propositions and debates within the international accounting practice
  • LO3. apply a range of quantitative and qualitative research skills to identify and diagnose complex and unfamiliar problems, and use the evidence and findings generated to formulate strategically appropriate solutions within the international accounting practice
  • LO4. demonstrate persuasive communication and negotiation skills
  • LO5. demonstrate capability as a team leader in work-related contexts and an ability to influence others to work collaboratively to address complex and unfamiliar problems within the international accounting practice
  • LO6. demonstrate ethical and social responsibility.