Accounting Theory

Learning Outcomes

After completing this course, the students will be able to: Compare the differences of standard, practices and information in various countries; Use evaluation and development of accounting standard which prevail according to the business development; Identify accounting function, role and practice which are used in modern business; Identify accounting theory and principles that become the basis for the existing accounting practice; Describe accounting theory for economic decision making; Describe theoretical concept in accounting theory and standard as a base for accounting research; Describe accounting standard and its applications in financial statement; Conclude the reason for selecting accounting standard and policy with theoretical concept and its logical reasoning

Topics

1. Introduction
2. Approaches in formulating accounting theory
3. Structure of accounting theory
4. Conceptual framework in financial reporting
5. Income statement
6. Balance sheet
7. Balance sheet and its elements
8. Cash flow statement
9. Accounting for changes in General Price Level
10. Disclosure of Financial Information
11. Accounting for Special Treatments
12. Accounting trend, critical condition and challenges of accounting profession
13. Latest development of accounting standard