Introduces the regulatory setting and the framework of financial reporting of companies listed on the Australian Stock Exchange, as well as specific techniques required to account for and report on transactions of corporate entities. In addition, the application of selected accounting standards in the financial reports will be reviewed and evaluated.
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.
Learning outcomes and graduate attributes
|On completion of this unit, students should be able to:||GA1||GA2||GA3||GA4||GA5||GA6||GA7|
|1||explain the regulatory setting and the framework for external financial reporting||Knowledge of a discipline|
|2||interpret and evaluate regulatory requirements governing financial reporting of Australian corporations||Intellectual rigour||Knowledge of a discipline|
|3||apply specific accounting standards, including those relating to assets, liabilities, equity, income taxes, foreign currency transactions, business combinations and consolidation in structured or unstructured settings||Knowledge of a discipline||Communication and social skills|
|4||prepare General-Purpose Financial Reports for a publicly listed company and evaluate these reports.||Intellectual rigour||Knowledge of a discipline||Communication and social skills|
- Deegan, C, 2012, Australia Financial Accounting, 7th edn, McGraw-Hill, Australia. ISBN: 9780071012409.
- ICAA (The Institute of Charted Accountants in Australia), 2014, Financial Reporting Handbook 2014, John Wiley & Sons Australia, Australia. ISBN: 9780730310082 .
Teaching and assessment
New Zealand - MIT
|Structured online learning 1 hour (10 weeks)|
|Exam: closed book||60%|
Papua New Guinea - Air Niugini
Commonwealth Supported courses
For information regarding Student Contribution Amounts please visit the Student Contribution Amounts.
Commencing 2014 Commonwealth Supported only. Student contribution band: 3
Please check the international course and fee list to determine the relevant fees.