This subject examines the regulation, concepts, Australian Accounting Standards and processes relevant to financial accounting and reporting. Emphasis is on the application of accounting principles, regulation and the Australian Accounting Standards that underpin the preparation of general purpose financial statements. The subject focuses on the preparation and analysis of these financial statement and is therefore relevant to students pursuing careers in which a working knowledge of corporate financial statements as either a preparer or user is beneficial.
|Faculty||Bond Business School|
1. Apply International Financial Reporting Standards (IFRSs) and/or other relevant standards to accounting transactions. 2. Apply accounting policies in the preparation general purpose financial statements. 3. Prepare general purpose financial statements, including consolidated financial statements and related disclosure in accordance with IFRSs or other relevant national standards. 4. Communicate accounting information and recommendations in a clear, concise and professionally written manner to a hypothetical client. 5. Explain current national and international developments in financial reporting.
Assumed knowledge is the minimum level of knowledge of a subject area that students are assumed to have acquired through previous study. It is the responsibility of students to ensure they meet the assumed knowledge expectations of the subject. Students who do not possess this prior knowledge are strongly recommended against enrolling and do so at their own risk. No concessions will be made for students’ lack of prior knowledge.
Assumed Prior Learning (or equivalent):
|Withdraw – Financial?||12/02/2022|
|Withdraw – Academic?||05/03/2022|
|Withdraw – Financial?||11/06/2022|
|Withdraw – Academic?||02/07/2022|