This unit provides students with critical exposure to current issues in financial accounting and reporting. It is designed to develop students' analytical and critical thinking and investigation skills that are required to undertake more advanced research. Topics vary and are selected to introduce students into the most current debate in the literature of accounting and its practical implications.

On completion of this unite, students should be able to:

1. Identify and analyze current issues in accounting and financial reporting;
2. Critically assess measurement and institutional issues and theoretically relate their effects on financial reporting practices to develop advanced research issues;
3. Demonstrate improvement in written communication skills;
4. Demonstrate improvement in oral communication skills.
5. Demonstrate knowledge of approaches to do research proposal in accounting.

This course aims to achieve the above objectives by critical examination of current issues relevant to the role of financial accounting and reporting based on the relevant theories and institutional environment. The course also considers the manner in which research can assess and inform such activities in financial accounting and reporting and how firmly grounded in the knowledge derived from research. Topics vary among which are: theories in accounting, the conceptual framework for accounting, standards setting and regulations, issues of measurements, earnings quality, accounting conservatism, fair value accounting, intellectual capital, accounting for derivative instruments, issues of financial disclosure, corporate social and sustainability reporting and issues in financial accounting and capital market research.

The course is made up of a combination of lectures, workshops, case-based learning and student presentations. Students are encouraged to explore current issues and problems in complex contexts using social, ethical, economical, political and global perspectives and to develop analysis and investigation skills that are required to undertake more advanced research. It is important all students appreciate that the dialogue involves all class members.