Availabilities:
| Location | Domestic | International |
|---|---|---|
| Melbourne | N/A | |
| Online | ||
| Perth | N/A | |
| Sydney |
Unit description
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 content
Topic 1: The financial reporting environment
Topic 2: Accounting for non-current assets
Topic 3: Accounting for acquisition of assets and intangible assets
Topic 4: Accounting for liabilities and equity
Topic 5: Accounting for income taxes
Topic 6: Financial reporting disclosure
Topic 7: Foreign currency translation
Topic 8: 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 | explain the regulatory setting and the framework for external financial reporting |
| 2 | interpret and evaluate regulatory requirements governing financial reporting of Australian corporations |
| 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 |
| 4 | prepare General-Purpose Financial Reports for a publicly listed company and evaluate these reports. |
On completion of this unit, students should be able to:
- explain the regulatory setting and the framework for external financial reporting
- interpret and evaluate regulatory requirements governing financial reporting of Australian corporations
- 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
- prepare General-Purpose Financial Reports for a publicly listed company and evaluate these reports.
Prescribed texts
- No prescribed texts.
- No prescribed texts.
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.