Financial Accounting 2

Course code PACC6004
Available in 2015
2015 Course Timetables

Description

The course examines general purpose financial reporting from the perspective of a single incorporated entity. In doing so, the course emphasises the development of the knowledge, understanding and skills needed to interpret and apply accounting standards and procedures to solve accounting problems which companies encounter in practice.

Availability

Sydney Bathurst Street

  • Semester 1 - 2015
  • Semester 2 - 2015

Learning Outcomes

1. Demonstrate an understanding of the nature of the corporate entity and be aware of the concepts, statutory requirements and other authoritative influences that underpin accounting and reporting in the Australian regulatory environment.

2. Explain the issues surrounding contemporary accounting controversies.

3. Critically integrate and apply theoretical and technical accounting knowledge and skills to solve routine accounting problems.

4. Illustrate an awareness of the relevant accounting standards, statutory requirements and listing requirements that impact on corporate accounting and the preparation and presentation of financial reports

5. Evaluate solutions for routine accounting problems in diverse contexts using social, ethical, economic, regulatory and global perspectives.

Content

Topics included in this course include the following:

  1. Statutory reporting and disclosure requirements under the provisions of the Corporations Act, Australian Accounting Standards and Australian Stock Exchange Listing requirements;
  2. Accounting standards and the conceptual framework;
  3. Prepare financial records for corporations’ capital, operating, and acquisition activities;
  4. Measurement of non-current assets and liabilities;
  5. Theories of accounting;
  6. Preparing published financial statements; and
  7. Analysis and interpretation of financial statements.

Requisites

This course is only available to students enrolled in the Master of Professional Accounting, Master of Professional Accounting (Advanced) and Master of Professional Accounting / Master of Business programs.

Assumed Knowledge

PACC6000 Financial Accounting 1

Assessment Items

Written Assignment: Written Assignment

In Term Test: Mid-Semester Test

Formal Examination: Final Exam

Contact Hours

Lecture

Face to Face On Campus 3 hour(s) per Week for Full Term