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Gold Coast
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Lismore
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Melbourne N/A
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Online
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Unit Summary

Unit type

UG Coursework Unit

Credit points

12

AQF level

7

Level of learning

Advanced

Former School/College

Former School of Business and Tourism

Pre-requisites

ACC00151 - Financial Accounting

Unit aim

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: Financial instruments
Topic 7: Accounting for income taxes
Topic 8: Disclosure and contemporary issues
Topic 9: Foreign currency translation
Topic 10: 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: , GA2: , GA3: , GA4: , GA5: , GA6: , GA7:
On completion of this unit, students should be able to: 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 texts

  • Deegan, C, 2020, Financial Accounting , 9th edn, McGraw-Hill, Australia. ISBN: 9781743767672.

  • Deegan, C, 2020, Financial Accounting , 9th edn, McGraw-Hill, Australia. ISBN: 9781743767672.

  • Deegan, C, 2020, Financial Accounting , 9th edn, McGraw-Hill, Australia. ISBN: 9781743767672.
Prescribed texts may change in future teaching periods.