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Unit of Study ACCT2002 - Financial Reporting (2023)

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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

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.