This subject focuses on advanced issues pertaining to the preparation of financial statements by reporting entities and provides an examination of the theories underpinning accounting practice and its professional standards. The aim is to foster an understanding of both the rationale underlying accounting principles and standards and how they are applied in practice. The appraisal of contemporary practices regarding the accounting standards and their application is emphasised.
|Faculty||Bond Business School|
1. Evaluate International Financial Reporting Standards (IFRSs) or other relevant standards in the preparation of financial reports at a proficient level. 2. Demonstrate professional judgment in the application of accounting policies used in the preparation of general-purpose financial statements in multifaceted scenarios. 3. Apply relevant theoretical principles underlying accounting practice to standard accounting situations. 4. Evaluate current national and international accounting issues and their relevance to external financial reporting. 5. Evaluate data from a variety of sources and perspectives through research, integration, and analysis to reach well-reasoned conclusions related to a contemporary accounting and reporting issue. 6. Demonstrate the ability to provide feedback to peers and adapt to feedback from peers regarding the performance of an advanced accounting task. 7. Communicate advanced accounting concepts and principles in a clear, concise writing style tailored to a professional audience. 8. Articulate complex accounting information to a diverse professional audience using appropriate visual aids.
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?||09/10/2021|
|Withdraw – Academic?||30/10/2021|
|Withdraw – Financial?||11/06/2022|
|Withdraw – Academic?||02/07/2022|