ACC518 Current Developments In Accounting Thought (8)


This subject covers a critical review of developments in accounting theory and professional standards including the search for a conceptual framework, the evaluation and comparison of various accounting models and discussion of contemporary management accounting and financial reporting issues.

+ Subject Availability Modes and Location

Session 1
InternalCSU Study Centre Melbourne
InternalCSU Study Centre Sydney
Session 2
InternalCSU Study Centre Melbourne
InternalCSU Study Centre Sydney
Distance*Wagga Wagga Campus
*This subject offering contains a residential school. Please view following information for further details.
Continuing students should consult the SAL for current offering details: ACC518
Where differences exist between the Handbook and the SAL, the SAL should be taken as containing the correct subject offering details.

Subject information

Duration Grading System School:
One sessionHD/FLSchool of Accounting and Finance

Assumed Knowledge

Assumed knowledge for this subject is equivalent to that covered in ACC567.

Enrolment restrictions

Postgraduate students only.

Learning Outcomes

Upon successful completion of this subject, students should:
- be able to critically evaluate attempts to develop and apply a conceptual framework;
- be able to critically appraise the objectives of accounting and relate them to the various concepts of accounting discussed in earlier subjects;
- be able to analyse the possible usefulness of alternative measurement systems to historical cost;
- be able to critically evaluate selected current financial reporting and management accounting issues.


The subject will cover the following topics:
- the origins of accounting;
- theory formation in accounting (including the development of a conceptual framework for measurement and valuation purposes);
- alternative measurement models to historical cost (including general price level, relative price level, current cost and current value models);
- accounting regulation and politics;
- the standard setting process and international accounting influences;
- capital market research and current disclosure issues;
- agency theory and accounting;
- accounting and accountants in organisations;
- international accounting;
- management accounting theories;
- behavioural and social aspects of budget control;
- the social, political, environmental and organisational context of accounting.

Residential School

This subject contains a compulsory 3 day residential school. The primary objectives of the residential school are: to provide an interactive face to face learning environment, to answer student questions about the subject and to assist students to focus their studies for the remainder of the session. Staff at the residential school will review the subject material covered up to that date and outline the remaining topics. Subject readings will be discussed and placed in context. Case studies and group work will be utilised as appropriate.


The information contained in the 2016 CSU Handbook was accurate at the date of publication: 06 September 2016. The University reserves the right to vary the information at any time without notice.