Availabilities:

LocationDomesticInternational
Gold Coast
MelbourneN/A
Online
PerthN/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.

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
1explain the regulatory setting and the framework for external financial reportingKnowledge of a discipline
2interpret and evaluate regulatory requirements governing financial reporting of Australian corporationsIntellectual rigourKnowledge of a discipline
3apply specific accounting standards, including those relating to assets, liabilities, equity, income taxes, foreign currency transactions, business combinations and consolidation in structured or unstructured settingsKnowledge of a disciplineCommunication and social skills
4prepare General-Purpose Financial Reports for a publicly listed company and evaluate these reports.Intellectual rigourKnowledge of a disciplineCommunication and social skills

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

  1. explain the regulatory setting and the framework for external financial reporting
    • GA4: Knowledge of a discipline
  2. interpret and evaluate regulatory requirements governing financial reporting of Australian corporations
    • GA1: Intellectual rigour
    • GA4: 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
    • GA4: Knowledge of a discipline
    • GA6: Communication and social skills
  4. prepare General-Purpose Financial Reports for a publicly listed company and evaluate these reports.
    • GA1: Intellectual rigour
    • GA4: Knowledge of a discipline
    • GA6: Communication and social skills

Prescribed texts

  • Prescribed text information is not currently available.

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

Teaching and assessment

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.

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.

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