Availabilities:
| Location | Domestic | International |
|---|---|---|
| Gold Coast | ||
| Melbourne | N/A | |
| Online | Term4 | |
| Papua New Guinea - IBSU Port Moresby | N/A | Term2 |
| Perth | N/A | |
| Sydney | N/A |
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
Module 1: The financial reporting environment and disclosure of contemporary issues
Module 2: Property, plant, equipment, and intangible assets
Module 3: Liabilities, leases and share capital
Module 4: Accounting for income taxes
Module 5: Foreign currency translation and financial instruments
Module 6: 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.
| 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 |
| 2 | Evaluate current issues in financial reporting and apply accounting theories relating to the business practices of corporate entities |
| 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 |
| 4 | Present coherent and persuasive arguments in relation to financial reporting issues. |
On completion of this unit, students should be able to:
- Analyse and discuss the regulatory environment for external financial reporting in Australia in the context of contemporary issues
- Evaluate current issues in financial reporting and apply accounting theories relating to the business practices of corporate entities
- 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
- Present coherent and persuasive arguments in relation to financial reporting issues.
Prescribed Learning Resources
- Deegan, C, 2020, Financial Accounting , 9th edn, McGraw-Hill, Australia. ISBN: 9781743767382 (Print version); 9781743767399 (eText).
A calculator.
Relevant Accounting Standards (to be accessed online from the Australian Accounting Standards Board (AASB) website).
The website of AASB is http://www.aasb.gov.au/Pronouncements/Current-standards.aspx
- Prescribed text information is not currently available.
- Prescribed resources/equipment information is not currently available.
Teaching and assessment
Fee information
Domestic
Commonwealth Supported courses
For information regarding Student Contribution Amounts please visit the Student Contribution Amounts.
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.