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Unit of Study ACC00145 - Financial Reporting (2018)

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Unit Snapshot

  • Enrolment information

    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

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: Accounting for income taxes
Topic 7: Financial instruments
Topic 8: Foreign currency translation
Topic 9: Consolidation 
Topic 10: Disclosure and contemporary issues

Availabilities

Location Domestic International
Gold Coast Session 1,  2 Session 1,  2
Lismore Session 1,  2 Session 1,  2
Melbourne N/A Session 2,  3
Online Session 1,  2,  3 Session 1,  2,  3
Papua New Guinea - IBSU Enga N/A Session 2
Papua New Guinea - IBSU Port Moresby N/A Session 2,  3
Perth N/A Session 3
Sydney N/A Session 2,  3

Learning outcomes and graduate attributes

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:

GA1: Intellectual rigour, GA2: Creativity, GA3: Ethical practice, GA4: Knowledge of a discipline, GA5: Lifelong learning, GA6: Communication and social skills, GA7: Cultural competence
Learning outcome count Learning outcome description GA1 GA2 GA3 GA4 GA5 GA6 GA7
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:

  1. Analyse and discuss the regulatory environment for external financial reporting in Australia in the context of contemporary issues
    • GA4:
    • GA6:
  2. Evaluate current issues in financial reporting and apply accounting theories relating to the business practices of corporate entities
    • GA1:
  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:
    • GA4:
  4. Present coherent and persuasive arguments in relation to financial reporting issues.
    • GA4:
    • GA6:

Prescribed learning resources

Prescribed Texts
  • No prescribed texts.

Prescribed Texts
  • No prescribed texts.

Prescribed Texts
  • No prescribed texts.

Prescribed Learning Resources may change in future Teaching Periods.