ACC301 Accounting Theory and Contemporary Issues This subject examines the nature of financial accounting theory and its application to contemporary accounting practice. Students critically analyse the conceptual framework for accounting and learn how heuristics and human behaviour impact on the preparation and use of accounting information. This subject equips students with an understanding of the regulatory and reporting environment in Australia. In relation to research this subject explores such areas as positive accounting theory, accounting for sustainability and earnings management. International accounting and a range of other contemporary issues confronting financial accounting are also examined.