Availabilities:

LocationDomesticInternational
Gold CoastSession 1,2Session 1,2
LismoreSession 1,2Session 1,2
MelbourneN/ASession 1,2
OnlineSession 1,2,3Session 1,2
Papua New Guinea - IBSU Port MoresbyN/ASession 2,3
PerthN/ASession 1,2
SydneyN/ASession 1,3

Unit description

Builds on students’ knowledge of the underlying theoretical principles in financial accounting, this unit focuses on reporting and disclosures of financial information through teacher directed activities. By complying with accounting standards, this unit explores current issues that inform the standard-setting process and apply specific techniques to the financial statements.

Unit content

Topic 1: The financial reporting environment
Topic 2: Property, plant and equipment
Topic 3: Intangibles and goodwill
Topic 4: Liabilities
Topic 5: Share capital and dividends distribution
Topic 6: Financial instruments
Topic 7: Accounting for income taxes
Topic 8: Disclosure and contemporary issues
Topic 9: Foreign currency translation
Topic 10: Consolidation

 

Learning outcomes

Unit Learning Outcomes express learning achievement in terms of what a student should know, understand and be able to do on completion of a unit. These outcomes are aligned with the graduate attributes. The unit learning outcomes and graduate attributes are also the basis of evaluating prior learning.

GA1: Intellectual rigour, GA2: Creativity, GA3: Ethical practice, GA4: Knowledge of a discipline, GA5: Lifelong learning, GA6: Communication and social skills, GA7: Cultural competence
On completion of this unit, students should be able to:GA1GA2GA3GA4GA5GA6GA7
1Analyse and discuss the regulatory environment for external financial reporting in Australia in the context of contemporary issuesKnowledge of a disciplineCommunication and social skills
2Evaluate current issues in financial reporting and apply accounting theories relating to the business practices of corporate entitiesIntellectual rigour
3Critically analyse and apply selected accounting standards and techniques relating to assets, liabilities, leases, financial instruments, shareholders’ equity, income taxes, foreign currency transactions, business combinations and consolidationIntellectual rigourKnowledge of a discipline
4Present coherent and persuasive arguments in relation to financial reporting issues.Knowledge of a disciplineCommunication and social skills

On completion of this unit, students should be able to:

  1. Analyse and discuss the regulatory environment for external financial reporting in Australia in the context of contemporary issues
    • GA4: Knowledge of a discipline
    • GA6: Communication and social skills
  2. Evaluate current issues in financial reporting and apply accounting theories relating to the business practices of corporate entities
    • GA1: Intellectual rigour
  3. Critically analyse and apply selected accounting standards and techniques relating to assets, liabilities, leases, financial instruments, shareholders’ equity, income taxes, foreign currency transactions, business combinations and consolidation
    • GA1: Intellectual rigour
    • GA4: Knowledge of a discipline
  4. Present coherent and persuasive arguments in relation to financial reporting issues.
    • GA4: Knowledge of a discipline
    • GA6: Communication and social skills

Prescribed texts

  • Deegan, C, 2020, Financial Accounting , 9th edn, McGraw-Hill, Australia. ISBN: 9781743767672.

  • Deegan, C, 2020, Financial Accounting , 9th edn, McGraw-Hill, Australia. ISBN: 9781743767672.

  • Prescribed text information is not currently available.
Prescribed texts may change in future study periods.

Teaching and assessment

Teaching method
Lecture online 1 hour (12 weeks)
Tutorial on-site 2 hours (12 weeks)
Assessment
Quiz20%
Report30%
Exam: closed book50%

Teaching method
Lecture online 1 hour (12 weeks)
Tutorial on-site 2 hours (12 weeks)
Assessment
Quiz20%
Report30%
Exam: closed book50%

Teaching method
Lecture online 1 hour (12 weeks)
Tutorial on-site 2 hours (12 weeks)
Assessment
Quiz20%
Report30%
Exam: closed book50%

Teaching method
Lecture online 1 hour (12 weeks)
Assessment
Quiz20%
Report30%
Exam: closed book50%

Teaching method
Workshop on-site
Assessment
Quiz20%
Report30%
Exam: closed book50%

Teaching method
Lecture online 1 hour (12 weeks)
Tutorial on-site 2 hours (12 weeks)
Assessment
Quiz20%
Report30%
Exam: closed book50%

Teaching method
Lecture online 1 hour (12 weeks)
Tutorial on-site 2 hours (12 weeks)
Assessment
Quiz20%
Report30%
Exam: closed book50%
Notice

Intensive offerings may or may not be scheduled in every session. Please refer to the timetable for further details.

Southern Cross University employs different teaching methods within units to provide students with the flexibility to choose the mode of learning that best suits them. SCU academics strive to use the latest approaches and, as a result, the learning modes and materials may change. The most current information regarding a unit will be provided to enrolled students at the beginning of the study session.

Fee information

Domestic

Commonwealth Supported courses
For information regarding Student Contribution Amounts please visit the Student Contribution Amounts.
Commencing 2020 Commonwealth Supported only. Student contribution band: 3

Fee paying courses
For POSTGRADUATE or UNDERGRADUATE full fee paying courses please check Domestic Postgraduate Fees OR Domestic Undergraduate Fees

International

Please check the international course and fee list to determine the relevant fees.

+