Course Title: Accounting Thought and Ethics

Part A: Course Overview

Course Title: Accounting Thought and Ethics

Credit Points: 12.00


Course Code




Learning Mode

Teaching Period(s)


City Campus


615H Accounting


Sem 1 2006,
Sem 2 2006,
Sem 1 2007,
Sem 2 2007,
Sem 1 2008,
Sem 2 2008,
Sem 1 2009,
Sem 2 2009,
Sem 1 2010,
Sem 2 2010,
Sem 1 2011,
Sem 2 2011,
Sem 1 2012,
Sem 2 2012,
Sem 1 2013,
Sem 2 2013,
Sem 1 2014,
Sem 2 2015,
Sem 1 2016,
Sem 1 2017,
Sem 2 2017,
Sem 1 2018,
Sem 1 2019,
Sem 2 2019,
Sem 1 2020,
Sem 2 2020,
Sem 1 2021,
Sem 2 2021


City Campus


665H Accounting, Information Systems and Supply Chain


Sem 1 2022,
Sem 2 2022,
Sem 1 2023,
Sem 2 2023,
Sem 1 2024


Open Learning Australia

Non Award

615H Accounting

Distance / Correspondence


Course Coordinator: Dr Pavithra Siriwardhane

Course Coordinator Phone: +61 3 9925 1620

Course Coordinator Email:

Course Coordinator Location: Building 80, Level 11, Room 23

Pre-requisite Courses and Assumed Knowledge and Capabilities

You should be familiar with financial accounting principles and practices. This knowledge is introduced at RMIT in ACCT1106 Accounting, Accountability and Society and further developed in ACCT1110Contemporary Financial and Integrated Reporting. It is strongly recommended that you have successfully completed these courses prior to enrolling. It may be necessary for you to revise the core concepts taught in these accounting courses.

You will be required to communicate ideas clearly in accurate, clear, concise and coherent English, both orally and in writing. Further, you should also demonstrate an awareness of the current issues in the business environment.

Course Description

The purpose of this course is to focus on the context of theoretical and empirical underpinning of financial accounting and professional ethics in accounting. The course links theory to research and practice.
The behaviour of the parties responsible for preparing financial accounting information and those who use this information are interpreted through application of different accounting theories. As such, it addresses the ‘why’ question in financial accounting rather than the ’how’. Further, moral dimensions and ethical aspects of professionals in financial services are reasoned through the lenses of various theories and principles. This reinforces the role of financial service professionals in the competitive and complex business environment and their significance to the society. A number of contemporary accounting and ethical issues are examined to illustrate these ideas.
This course provides you with a capstone experience, which will give you the opportunity to integrate, critically reflect on and consolidate what you have learnt in your program.

Objectives/Learning Outcomes/Capability Development


On successful completion of this course you will be able to:

CLO1. Critically evaluate and apply accounting theories to complex cases to solve ethical accounting issues. CLO2. Work individually or as a team to critically analyse the decisions made by various stakeholders involved in the financial accounting context applying appropriate accounting and ethical theories. CLO3. Critically assess and discuss professional authority, code of professional conduct and professional body ethics in business decision-making and implications of non-compliance. CLO4. Critically evaluate the conflicts that can occur in exercising professional judgement in a client-centred and employer-centred environment.

Overview of Learning Activities

This course is offered employing different learning modes. This means that the nature of the learning activities may vary depending on your learning mode. You may participate in face-to-face seminars through a variety of experiences which may include attending lectures, analysing case studies, teamwork, debates, discussion of prescribed questions, role-play activities and undertaking research. Thus, you may be involved in both self-learning and directed-learning activities. You may be required to critique research articles or books exposing them to current issues and the development of the accounting profession. The activities are designed to facilitate your achievement of learning outcomes and undertake assessment tasks effectively.

Overview of Learning Resources

You will be advised of the recommended text for this course and other reading material upon enrolment.

Various learning resources are available online through MyRMIT Studies\Canvas. The lecture notes and workshop notes are posted on Canvas.

Resources are also available online through RMIT Library databases and other facilities. Visit the RMIT library website for further details. Assistance is available online via our chat and email services, face to face at our campus libraries or via the telephone on (03) 9925 2020.

Additional resources and/or sources to assist your learning will be identified by your course coordinator and will be made available to you as required during the teaching period. 

Overview of Assessment

The assessment alignment list below shows the assessment tasks against the learning outcomes they develop.

Assessment Task 1: 50%
Linked CLOs: 1, 2, 3, 4

Assessment Task 2: 35%
Linked CLOs: 1, 2

Assessment Task 3: 15%
Linked CLOs: 3, 4

Feedback will be provided throughout the semester in class and/or in online forums through individual and group feedback on practical exercises and by individual consultation.