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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

ACC00145 - Financial Reporting

Unit aim

Covers preparation of Corporate Financial Reports at an advanced level including contemporary issues in financial reporting and the importance of accounting policies.

Unit content

The dynamic nature of the unit means that topics other than those listed below may arise during the course of the semester for closer consideration:

  • Applicability of AASBs and IASs
  • Matching principle
  • Comprehensive income
  • Goodwill impairment
  • Reporting results of operations
  • Earnings management
  • Revenue recognition
  • Research & development
  • XBRL

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 Interpret and critically discuss disclosure of accounting information
2 Analyse and prepare alternative accounting treatments according to applicable accounting standards
3 Identify and explain current accounting issues and non-compliance with standards
4 Present your research on an accounting issue of your choice
5 Reflect on your learning progress

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

  1. Interpret and critically discuss disclosure of accounting information
    • GA1:
    • GA3:
    • GA4:
    • GA6:
  2. Analyse and prepare alternative accounting treatments according to applicable accounting standards
    • GA1:
    • GA2:
    • GA3:
    • GA4:
    • GA6:
  3. Identify and explain current accounting issues and non-compliance with standards
    • GA1:
    • GA4:
    • GA5:
    • GA6:
  4. Present your research on an accounting issue of your choice
    • GA1:
    • GA2:
    • GA3:
    • GA4:
    • GA5:
    • GA6:
  5. Reflect on your learning progress
    • GA1:
    • GA5:
    • GA6: