ACCTN301-20G (HAM)

Capstone in Accounting

15 Points

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Division of Management
School of Accounting, Finance and Economics

Staff

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Convenor(s)

Lecturer(s)

Administrator(s)

: maxine.hayward@waikato.ac.nz

Placement/WIL Coordinator(s)

Tutor(s)

Student Representative(s)

Lab Technician(s)

Librarian(s)

: clive.wilkinson@waikato.ac.nz

You can contact staff by:

  • Calling +64 7 838 4466 select option 1, then enter the extension.
  • Extensions starting with 4, 5, 9 or 3 can also be direct dialled:
    • For extensions starting with 4: dial +64 7 838 extension.
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    • For extensions starting with 3: dial +64 7 2620 + the last 3 digits of the extension e.g. 3123 = +64 7 262 0123.
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Paper Description

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The objective of this paper is to help students develop critical thinking and sound analytical skills about the past, present and future of accounting theory and practice. Various approaches to the development of theory in general and accounting theory in particular will be critically examined and different schools of thought in the field of accounting research will be covered. The paper also aims to make students familiar with theoretical and practical issues, and controversies in accounting.
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Paper Structure

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This course will normally have 2x four hour class contact sessions per week running from 9.00 till 1.00 (please note that an extra hour has been booked in case we need the extra time).

There will typically be a 1 hour and 50 minute lecture followed by a short break and then a two hour workshop (except when there is a test in which case this will be run in the workshop time).

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Learning Outcomes

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Students who successfully complete the course should be able to:

  • Learning Outcomes

    Students will be able to demonstrate critical thinking about the past present and future of accounting practice and theory.

    Students will be able to demonstrate sound analytical skills around current issues and controversies in accounting.

    Students will be able to demonstrate professional and ethical awareness.

    Students will be able to use past exemplars to analyse current theoretical and practical issues.

    Linked to the following assessments:
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Assessment

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The format for the sessions will typically be two hours of formal class (all together followed by splitting into two concurrent tutorial streams.




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Assessment Components

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The internal assessment/exam ratio (as stated in the University Calendar) is 100:0. There is no final exam. The final exam makes up 0% of the overall mark.

The internal assessment/exam ratio (as stated in the University Calendar) is 100:0 or 0:0, whichever is more favourable for the student. The final exam makes up either 0% or 0% of the overall mark.

Component DescriptionDue Date TimePercentage of overall markSubmission MethodCompulsory
1. Test One
19 Nov 2020
11:00 AM
20
  • In Class: In Lecture
2. Test Two
3 Dec 2020
11:00 AM
20
  • Hand-in: In Lecture
3. Test Three
14 Dec 2020
11:00 AM
20
  • Hand-in: In Lecture
4. Essay
7 Dec 2020
8:00 AM
15
  • Online: Submit through Moodle
5. Tutorial Work
25
Assessment Total:     100    
Failing to complete a compulsory assessment component of a paper will result in an IC grade
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Required and Recommended Readings

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Required Readings

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Paper Reading List Link

Davey H. (Ed) (2015).Current Issues in Accounting, South Melbourne: Cengage Learning.

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Recommended Readings

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Please note that some books have been placed on Desk Copy at the Central Library at the Hamilton Campus. A number of these books are relevant to both the weekly topics and to the essay topics.

AGENCY AND STAKEHOLDER THEORY

An, Y., Davey, H., & Eggleton, I. R. (2011). Towards a comprehensive theoretical framework for voluntary IC disclosure. Journal of Intellectual Capital, 12(4), 571-585.

Kaler, J.(2003). Differentiating stakeholder theories.Journal of Business Ethics, 46(1), 71-83. 10.1023/a:1024794710899Kaler, J.(2006). Evaluating stakeholder theory. Journal of Business Ethics, 69(3), 249-268. 10.1007/s10551-006-9089-2

Donaldson, T., & Preston, L. E. (1995).The stakeholder theory of the corporation: Concepts, evidence, and implications. The Academy of Management Review, 20(1), 65-91.

Recommended

Hill, C. W. L., & Jones, T. M. (1992). Stakeholder-agency theory. Journal of Management Studies, 29(2), 131-154.

Emerson Wagner Mainardes, Helena Alves, Mario Raposo, (2011) "Stakeholder theory: issues to resolve", Management Decision, 49(2), pp.226 - 252

DEVELOPMENT IN ACCOUNTING

Goldberg, L.(1971). The Development of Accounting. In C. Gibson & G. Meredith & R. Peterson (Eds.), Accounting Concepts (pp. 4-37).

Littleton, A.(1968). The antecedents of double entry bookkeeping. In M. Charfields (Ed.), Contemporary Studies in the Evolution of Accounting Thought (pp. 21-29). Belmont: Dickenson.

Recommended:

Gleeson-White, Jane. (2011) Double entry: How the merchants of Venice shaped the modern world – and how their invention could make or break the planet.
University Library record or Kindle version from Amazon.com

Carmona, S. & Ezzamel, M.(2007) Accounting and accountability in ancient civilizations: Mesopotamia and ancient Egypt. Accounting, Auditing and Accountability Journal, 20(2) 177-209

ACCOUNTING THEORY DEVELOPMENT

Chua, W.(1986). Radical developments in accounting thought. The Accounting Review, October, 601-632.

Watts, R. L., & Zimmerman, J. L. (1978). Towards a positive theory of the determination of accounting standards. The Accounting Review, January, 112-134.

Wells, M.(1976). A Revolution in Accounting Thought? The Accounting Review, July, 471-482

Recommended:

Baker, C. R., & Bettner, M. S.(1997). Interpretive and critical research in accounting: a commentary on its absence from mainstream accounting research. Critical Perspectives on Accounting, 8, 292-310.

Hines, R.(1988). Popper's methodology of Falsificationism and accounting research. The Accounting Review, 63(4), 657-662.

CONCEPTUAL FRAMEWORKS DEVELOPMENTS AND CRITICISMS

External Reporting Board. (2012). Website. Retrieved from http://www.xrb.govt.nz/Site/Home/default.aspx

George J Benston, Michael Bromwich, Alfred Wagenhofer. (2006). Principles- Versus Rules-Based Accounting Standards: The FASB's Standard Setting Strategy. Abacus, 42(2), 165.

Jennifer Francis, Katherine Schipper. (1999). Have financial statements lost their relevance? Journal of Accounting Research, 37(2), 319-352.

Recommended:

Christopher W Nobes. (2005). Rules-Based Standards and the Lack of Principles in Accounting. Accounting Horizons, 19(1), 25-34.

Hlaciuc, E., Mihalciuc, C. C., Cibotariu, I. S., & Apetri, A. N. (2009). Some issues about the transition from U.S. Generally Accepted Accounting Principles (GAAP) to International Financial Reporting Standards (IFRS). Annales Universitatis Apulensis: Series Oeconomica, 11(1), 275–289.

Benston, G. J., Carmichael, D. R., Demski, J. S., Dharan, B. G., Jamal, K., Laux, R., & Vrana, G.(2007). The FASB’s conceptual framework for financial reporting: A critical analysis. Accounting Horizons, 21(2), 229–238.

NATURE OF ASSETS

Hooper, K., Kearins, K., & Green, R. (2005). Knowing “the price of everything and the value of nothing”: accounting for heritage assets. Accounting, Auditing & Accountability Journal, 18(3), 410-433. 10.1108/09513570510600765

Seetharaman, A., Balachandran, M., & Saravanan, A. S. (2004). Accounting treatment of goodwill: yesterday, today and tomorrow: problems and prospects in the international perspective. Journal of Intellectual Capital, 5(1), 131-152

Recommended:

Cascini, K. T., & DelFavero, A.(2011). An evaluation of the implementation of fair value accounting: Impact on financial reporting. Journal of Business & Economics Research, 9(1), 1–16.

INTERNATIONAL

Hall, T. (2002). NZ telco in accounts inquiry. FT.com, N.A-N/A

Kamnikar, J. A. C. P. A., Kamnikar, E. G. C. P. A., & Burrowes, A.(2012). One size does not fit all. Journal of Accountancy, 213(1), 46-49,10,12.

Warren, K.(2005). Converting to international accounting standards. Chartered Accountants Journal, 84(6), 18-21

Tweedie, David.The Way Forward: International Accounting Standards [online]. Australian Chief Executive: Official Journal of the Committee for Economic Development of Australia, May 2006: 28-31.

ACCOUNTING PROFESSION, ETHICS AND CREATIVE ACCOUNTING

Sivakumar, V.(2003). The accounting profession's code of ethics: Is it a code of ethics or a code of quality assurance?. Critical Perspectives on Accounting, 14(4), 483-503. 10.1016/s1045-2354(02)00138-7

Scholtens, B & Dam, L.(2007) Cultural values and international differences in business ethics. Journal of Business Ethics, 75: 273-284.

ENVIRONMENTAL

Hooks, J., & van Staden, C. J.(2011). Evaluating environmental disclosures: The relationship between quality and extent measures. The British Accounting Review, 43(3), 200-213. 10.1016/j.bar.2011.06.005Milne, M. J., & Grubnic, S.(2011). Climate change accounting research: keeping it interesting and different. Accounting, Auditing & Accountability Journal, 24(8), 948-977. 10.1108/09513571111184715

Woods, M. (2003). The global reporting initiative. The CPA Journal, 73(6), 60-65

YOUTUBE VIDEO LINKSThe structure of scientific revolutions (Pt 1, 2 & 3)

Introduction to Epistemology

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Other Resources

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A range of prerecorded videos are available to support the topics, these need to be viewed in conjunction with the text book.

A number of readings are available via paper resources (in Moodle).A substantial number of texts and other materials are on desk copy. If you wish for any others to be added please see me well before key dates with the FULL details and they will be added to the list.

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Online Support

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If you require online support for moodle please email helpdesk at wmshelp@waikato.ac.nz
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Workload

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2x four hour class contact sessions per week.
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Linkages to Other Papers

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Note any linkages to other papers where the linkage is of importance.
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Prerequisite(s)

Prerequisite papers: ACCT202 or ACCTN202

Corequisite(s)

Equivalent(s)

Restriction(s)

Restricted papers: ACCT301, ACCT401

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