ACCT5501 Contemporary Issues in Accounting

6 points
(see Timetable)
Semester 1UWA (Perth)Face to face
Semester 1UWA (Perth)Online-TT
Semester 2UWA (Perth)Face to face
Semester 2UWA (Perth)Online-TT
Details for undergraduate courses
  • Level 5 elective
  • Honours option in Accounting [Bachelor of Commerce (Honours)]
This is the capstone unit in the Master of Professional Accounting. It aims to consolidate the understanding of accounting theory and practice gained in the other units. The corporate governance, economic consequences/costly contracting, conceptual framework, and social responsibility perspectives are examined in relation to a number of current accounting issues.
Students are able to (1) critically review current issues of relevance to accounting professionals; (2) provide an overview of the issues relating to accounting policy choice, costly contracting and economic consequences; (3) critically review how accounting policy choice affects financial reporting in practice; (4) demonstrate the ability to apply research skills to investigate a contemporary accounting issue; (5) demonstrate the ability to produce clear and concise written communication in a complex accounting context to accountants and non-accountants; (6) reflect on performance feedback to identify and action opportunities for learning and self-improvement; and (7) demonstrate an understanding and respond appropriately to ethical, cultural, social and sustainability issues.
Indicative assessments in this unit are as follows: (1) presentation; (2) case study; and (3) reflection. Further information is available in the unit outline.

Supplementary assessment is not available in this unit.
Unit Coordinator(s)
Professor Jac Birt (Semester 1), Dr George Shan (Semester 2)
Unit rules
for the honours Accounting specialisation: ACCT3321 Financial Accounting: Theory and Practice; for the Master of Professional Accounting: ACCT5531 Financial Accounting: Theory and Practice
Contact hours
lectures/seminars/workshops: up to 3 hours per week
Unit Outline
Semester 1-2020 [SEM-1-2020]
  • The availability of units in Semester 1, 2, etc. was correct at the time of publication but may be subject to change.
  • All students are responsible for identifying when they need assistance to improve their academic learning, research, English language and numeracy skills; seeking out the services and resources available to help them; and applying what they learn. Students are encouraged to register for free online support through GETSmart; to help themselves to the extensive range of resources on UWA's STUDYSmarter website; and to participate in WRITESmart and (ma+hs)Smart drop-ins and workshops.
  • Unit readings, including any essential textbooks, are listed in the unit outline for each unit one week prior the commencement of study. The unit outline will be available via the LMS and the UWA Handbook. Reading lists and essential textbooks are subject to change each semester. Essential textbooks can be purchased from the commercial vendors to secure the best deal. The Student Guild can provide assistance on where to purchase books if required. Books can be purchased second hand at the Guild Secondhand bookshop (second floor, Guild Village), which is located on campus. Copies of textbooks and other readings will be made available for students to access from the Library, online wherever possible as well as in print.
  • If this unit is offered as on-campus face-to-face study only, students who are presently unable to enter Western Australia and whose studies would be delayed by an inability to complete this unit, should contact the unit coordinator (details given on this page) to ascertain, on an individual case-by-case basis, if alternate arrangements can be made to support their study in this unit.