PACC6004Financial Accounting 2

Course handbook

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.

Availability2024 Course Timetables

Learning outcomes

On successful completion of the course students will be able to:

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 and international regulatory environment.;

2. Explain the issues surrounding contemporary accounting controversies and the corporate decision-making process;

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; and

5. Evaluate solutions for routine accounting, corporate reporting and corporate governance 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.

Requisite

Students must have successfully completed PACC6000.

This course is only available to students enrolled in the programs:

[11702] Master of Professional Accounting

[12403] Master of Professional Accounting (Advanced)

[40149] Master of Professional Accounting/Master of Business Administration

[40164] Master of Professional Accounting/Master of Business Administration

Assessment items

Quiz: Problem Set tests

Written Assignment: Written Assignment

In Term Test: Mid-Semester Test

Formal Examination: Final Exam

Contact hours

Trimester 1 - 2024 - Newcastle City Precinct

Trimester 1 - 2024 - Sydney Elizabeth Street

Trimester 2 - 2024 - Newcastle City Precinct

Trimester 2 - 2024 - Sydney Elizabeth Street

Trimester 3 - 2024 - Newcastle City Precinct

Trimester 3 - 2024 - Sydney Elizabeth Street

Course outline

• PACC6004 - Trimester 1, 2024 (Ncle) (PDF, 236.8 KB)
• PACC6004 - Trimester 1, 2024 (Syd) (PDF, 236.8 KB)