This subject provides an in-depth study of the regulation, concepts, applicable standards and processes relevant to financial accounting and reporting. Emphasis is on the integration and critical application of accounting principles, regulation and the applicable standards that underpin the preparation of general purpose financial statements. This subject is useful to students pursuing careers in which a critical understanding of the application of International Reporting Financial Standards from both a preparer and user perspective is beneficial.
|Faculty||Bond Business School|
1. Apply International Financial Reporting Standards (IFRSs) and/or other relevant standards to accounting transactions in complex situations 2. Demonstrate professional judgment in the application of accounting policies used to prepare various aspects of 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. Critically evaluate 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|