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.
Availability2017 Course Timetables
Sydney Elizabeth Street
- Semester 2 - 2017
- Semester 1 - 2018
- Semester 2 - 2018
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 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.
Topics included in this course include the following:
- Statutory reporting and disclosure requirements under the provisions of the Corporations Act, Australian Accounting Standards and Australian Stock Exchange Listing requirements;
- Accounting standards and the conceptual framework;
- Prepare financial records for corporations’ capital, operating, and acquisition activities;
- Measurement of non-current assets and liabilities;
- Theories of accounting;
- Preparing published financial statements; and
- Analysis and interpretation of financial statements.
This course is only available to students enrolled in the Master of Professional Accounting, Master of Professional Accounting (Advanced), Master of Professional Accounting / Master of Business and M Prof Acct/M Bus Admin programs.
PACC6000 Financial Accounting 1
Quiz: Problem Set tests
Written Assignment: Written Assignment
In Term Test: Mid-Semester Test
Formal Examination: Final Exam
Sydney Elizabeth Street
Face to Face On Campus 3 hour(s) per Week for Full Term