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Location Domestic International
Gold Coast
Term2,5
Term2,5
Melbourne N/A
Term2,5
Online
Term2,5
Term2,5
Perth N/A
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Sydney N/A
Term2,5

Unit Summary

Unit type

PG Coursework Unit

Credit points

12

Anti-requisites

ACC00701 Accounting for Group Entities ACC00703 Business Financial Accounting

Unit aim

Introduces the regulatory setting and the framework of financial reporting of companies listed on the Australian Stock Exchange, as well as specific techniques required to account for and report on transactions of corporate entities. In addition, the application of selected accounting standards in the financial reports will be reviewed and evaluated.

Unit content

Module 1: The financial reporting environment and Disclosures
 
Module 2: Accounting for non-current assets, acquisition of assets and intangible assets
 
Module 3: Accounting for liabilities, equity and leasing
 
Module 4: Accounting for income taxes
 
Module 5: Foreign currency and Consolidation business combinations
 
Module 6: 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.

On completion of this unit, students should be able to:
1 explain the regulatory setting and the framework for external financial reporting
2 interpret and evaluate regulatory requirements governing financial reporting of Australian corporations
3 apply specific accounting standards, including those relating to assets, liabilities, equity, income taxes, foreign currency transactions, business combinations and consolidation in structured or unstructured settings
4 prepare general purpose financial statements and reports for a publicly listed company and evaluate these reports' including consolidated financial statements.

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

  1. explain the regulatory setting and the framework for external financial reporting
  2. interpret and evaluate regulatory requirements governing financial reporting of Australian corporations
  3. apply specific accounting standards, including those relating to assets, liabilities, equity, income taxes, foreign currency transactions, business combinations and consolidation in structured or unstructured settings
  4. prepare general purpose financial statements and reports for a publicly listed company and evaluate these reports' including consolidated financial statements.

Prescribed texts

  • CAANZ (Charted Accountants Australia and New Zealand), 2020, Financial Reporting Handbook Australia , John Wiley & Sons Australia, Australia.
  • Deegan, C, 2020, Financial Accounting , 9th edn, McGraw-Hill, Australia. ISBN: 9781743767672 (Pack - includes print book and Connect).

  • Prescribed text information is not currently available.
Prescribed texts may change in future teaching periods.