Course Title: Current Issues in Accounting

Part A: Course Overview

Course Title: Current Issues in Accounting

Credit Points: 12

Course Code




Learning Mode

Teaching Period(s)


City Campus


615H Accounting


Sem 1 2009,
Sem 1 2010,
Sem 1 2011,
Sem 2 2009,
Sem 2 2010,
Sem 2 2011


Singapore Inst of Management


615H Accounting


Offsh 1 11,
Offsh 3 09,
Offsh 3 10,
Offsh 3 11,
Offsh1 12,
Offsh3 12

Course Coordinator: Dr Paul Myers

Course Coordinator Phone: +61 3 99255746

Course Coordinator

Course Coordinator Location: Melbourne city campus

Pre-requisite Courses and Assumed Knowledge and Capabilities

Successful completion of the RMIT courses Management Accounting and Business and Corporate Accounting, or their equivalent.

Note it is a condition of enrollment at RMIT that you accept responsibility for ensuring that you have completed these prerequisites before enrolling in a course.
For your information the RMIT Course Requisites policy can be found at:;ID=twx09y07zi1c

Students are expected to be highly proficient in English comprehension and expression.

Course Description

This course aims to develop your knowledge of recent changes and contemporary developments in accounting and business reporting arising from national and international changes in social attitudes, law and professional requirements, and improve your skill in producing business reports evaluating the impact of such changes on a firm. This course involves enhancing your understanding of the issues which are currently affecting the nature of accounting and business reporting, locally and globally.

If you are undertaking this course in Melbourne from semester 2, 2012 onwards your teacher will advise you if you require access to a computer for the course. It is recommended that you have access to a mobile computing device to allow greater flexibility in terms of where you can work on campus outside class times.

Objectives/Learning Outcomes/Capability Development

On successful completion of the course, you will be capable of:

  • outlining and discussing significant current developments and issues in accounting and business reporting;
  • producing a professional report that analyses and integrates appropriate data to support a discussion of the implications on firms of these significant current accounting developments and issues;
  • using libraries, text and electronic-based databases, Internet resources and business journals, newspapers and other media to research, investigate and report on recent changes and contemporary developments in accounting and business reporting.

On completion of this course, you will have developed and enhanced your ability to:

  • participate in discussions based on your research into current accounting problems 
  • work solo and in teams when preparing your summaries and research projects
  • prepare reports on business issues to a standard acceptable to an employer, manager or client
  • conduct business research using a variety of resources

Overview of Learning Activities

The major learning experiences in this course will include:

  • Class discussions
  • Self-directed information searches and collation
  • Completion of a professional business report

Overview of Learning Resources


The RMIT web site for this course, accessed via the RMIT Student portal, has announcements about activities to be undertaken by you and materials for
your use, e.g. material here includes semester work schedules, assessment marking guides, lecture material, background reading items, etc.

A range of texts and articles will be referred to in class. You will be given a list of suggested readings but you are required to undertake further reading throughout the duration of the course.

Overview of Assessment

1. Feedback will be provided throughout the semester, in class and as part of your marked assessment.
2. To pass this course you must obtain an overall mark of at least 50% for the whole semester.
3. If you have a long term medical condition and/or disability it may be possible to negotiate to vary aspects of the learning or assessment methods. You
can contact the program coordinator or the Disability Liaison Unit if you would like to find out more.
4. An assessment charter (available at ) summarizes your responsibilities as an RMIT student, as well as
those of your teachers.
5. Your course assessment conforms to RMIT assessment principles, regulations, policies and procedures which are described and referenced in a
single document: available at;ID=ln1kd66y87rc