FINANCIAL ACCOUNTING AND REPORTING

There is a more recent version of this academic item available.

Overview

Financial accounting and reporting is a pivotal aspect of accounting professionals. The objective of financial reporting is to provide financial and non-financial information to help the stakeholders to understand the key components of business value. This subject is designed to develop your knowledge and skills to critically apply international and … For more content click the Read more button below.

Financial accounting and reporting is a pivotal aspect of accounting professionals. The objective of financial reporting is to provide financial and non-financial information to help the stakeholders to understand the key components of business value. This subject is designed to develop your knowledge and skills to critically apply international and Australian accounting standards involving measurement and professional judgement to a variety of practical scenarios in the current business environment.

Portfolio

Office of the Provost

School

Subject coordinator

Balachandran Muniandy

Subject type

Postgraduate

Year level

Year Level 5 - Masters

AQF level

Level 9 - Masters 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.

Academic progress review - Schedule A subject

Subject instances

To view instance specific details which include - Assessments, Class requirements and Subject instance coordinators - please select your preferred instance via the drop-down menu at the top right-hand side of this page.

Learning resources

Recommended - Book - Financial Reporting

Recommended - Book - Company Accounting in Australia

Recommended - Book - Chartered Accountants Australia and New Zealand

Recommended - Book - The CPA Australia, Accounting Handbook

Prescribed - Book - Australian Financial Accounting

Career ready

Career focused:This subject contains career development learning or professional engagement opportunities

Work based learning (placement):No

Graduate capabilities

COMMUNICATION - Communicating and Influencing

COMMUNICATION - Cultural Intelligence and Global Perspective

COMMUNICATION - Digital Capability

DISCIPLINE KNOWLEDGE AND SKILLS

INQUIRY AND ANALYSIS - Critical Thinking and Problem Solving

INQUIRY AND ANALYSIS - Research and Evidence-Based Inquiry

PERSONAL AND PROFESSIONAL - Ethical and Social Responsibility

Subject intended learning outcomes

On successful completion you will be able to:

Critically apply International Financial Reporting Standards (IFRS) and equivalent Australian Accounting Standards Board (AASB) standards to account for business transactions

Evaluate the appropriateness of accounting policies, estimates and judgements used to prepare financial statements.

Apply relevant accounting standards and tools to analyse acquisitions and prepare consolidated financial statements in accordance with relevant IFRS and AASB standards.

Generate and communicate financial and non-financial data from global, social, economic, and regulatory perspectives to various stakeholders.

Handbook