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Unit of Study ACCT2002 - Financial Reporting (2024)

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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

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

Availabilities

Location Domestic International
Gold Coast
Term2,4
Term2,4
Melbourne N/A
Term2,4
Online
Term2,4
Term4
Papua New Guinea - IBSU Port Moresby N/A
Term2
Perth N/A
Term2,4
Sydney N/A
Term2,4

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:

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

Prescribed Texts
  • Deegan, C, 2020, Financial Accounting , 9th edn, McGraw-Hill, Australia. ISBN: 9781743767382 (Print version); 9781743767399 (eText).
Prescribed Resources/Equipment

  • A calculator.

  • Access to a computer with a webcam and reliable internet connection.  Students will be required to complete an onboarding process to verify their identity before attempting the online exam in this unit.

     

  • Relevant Accounting Standards (to be accessed online from the Australian Accounting Standards Board (AASB) website).

    The website of AASB is aasb.gov.au/pronouncements/accounting-standards.

Prescribed Texts
  • Deegan, C, 2020, Financial Accounting , 9th edn, McGraw-Hill, Australia. ISBN: 9781743767382 (Print version); 9781743767399 (eText).
Prescribed Resources/Equipment

  • A calculator.

  • Access to a computer with a webcam and reliable internet connection.  Students will be required to complete an onboarding process to verify their identity before attempting the online exam in this unit.

     

  • Relevant Accounting Standards (to be accessed online from the Australian Accounting Standards Board (AASB) website).

    The website of AASB is aasb.gov.au/pronouncements/accounting-standards.

Prescribed Learning Resources may change in future Teaching Periods.