ADVANCED ACCOUNTING

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Overview

The objective of financial reporting is to provide useful information to investors in making decisions relating to providing resources to the entity. However, financial reporting is based on estimates and judgements. It is also influenced by country-specific social, economic, and political contexts. Learning accounting theoretical principles will enable you to systematically understand the rationale for making accounting estimates and judgements. The subject focuses on applying accounting theories to more advanced practical issues involving measurement and judgement. This includes examining motivators of firms’ financial and non-financial information disclosure, accounting policy choices and firms’ reactions to different accounting standards, and complex industry-specific issues. Impacts of emerging digital technologies on external reporting are also discussed.

Portfolio

Office of the Provost

School

Subject coordinator

Balachandran Muniandy

Subject type

Undergraduate

Year level

Year Level 3 - UG

AQF level

Level 7 - Bachelor Degree

Available as elective

Yes

Available to study abroad / exchange students

Yes

Capstone subject
Capstones provide students with a way of integrating and applying knowledge and skills gained throughout their course.

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Subject instances

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Career ready

Work based learning (placement):No

Graduate capabilities

COMMUNICATION - Communicating and Influencing

DISCIPLINE KNOWLEDGE AND SKILLS

INQUIRY AND ANALYSIS - Creativity and Innovation

INQUIRY AND ANALYSIS - Critical Thinking and Problem Solving

INQUIRY AND ANALYSIS - Research and Evidence-Based Inquiry

PERSONAL AND PROFESSIONAL - Adaptability and Self-Management

Subject intended learning outcomes

On successful completion you will be able to:

Critically apply international and Australian accounting standards to account for complex issues in financial reporting

Critically review relevant accounting theories and their application to accounting practices and regulations

Exercise ethical professional judgement in the measurement and assessment of accounting issues

Discuss current national and international developments in financial reporting and information, including the impact of emerging digital technologies on accounting practice

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