ACCT71-303: Advanced Financial Accounting and Reporting

Description

This subject focuses on advanced issues pertaining to the preparation of financial statements by reporting entities.  The subject also provides a critical examination of the theories underpinning accounting practice and its professional standards. The aim is to develop a high level understanding of the rationale underlying accounting principles and standards. The integration of advanced theoretical and technical knowledge related to contemporary practices regarding accounting standards and their application is emphasised.

Subject details

Type: Postgraduate Subject
Code: ACCT71-303
EFTSL: 0.125
Faculty: Bond Business School
Semesters offered:
  • May 2023 [Standard Offering]
  • September 2023 [Standard Offering]
Credit: 10
Study areas:
  • Business, Commerce, and Entrepreneurship
Subject fees:
  • Commencing in 2022: $5,170.00
  • Commencing in 2023: $5,300.00
  • Commencing in 2024: $5,410.00
  • Commencing in 2022: $5,570.00
  • Commencing in 2023: $5,710.00
  • Commencing in 2024: $6,060.00

Learning outcomes

  1. Evaluate International Financial Reporting Standards (IFRSs) or other relevant standards in the preparation of complex transactions.
  2. Demonstrate professional judgment in the application of accounting policies used in the preparation of general-purpose financial statements in multifaceted scenarios.
  3. Apply an integrated understanding of theoretical principles underlying accounting practice to complex accounting situations.
  4. Critically evaluate current national and international developments relevant to standard setting and regulation related to external financial reporting.
  5. Synthesise complex data from a variety of sources and perspectives through research, integration, and analysis to make professional recommendations related to contemporary accounting and reporting.
  6. Demonstrate the ability to provide comprehensive and relevant feedback to peers and reflect 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.

Enrolment requirements

Requisites:

Nil
Assumed knowledge:

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):

Restrictions: This subject is not available to
  • Study Abroad Students

Subject outlines

Subject dates

  • Standard Offering
    Enrolment opens: 19/03/2023
    Semester start: 15/05/2023
    Subject start: 15/05/2023
    Cancellation 1: 29/05/2023
    Cancellation 2: 05/06/2023
    Last enrolment: 28/05/2023
    Withdraw - Financial: 10/06/2023
    Withdraw - Academic: 01/07/2023
    Teaching census: 09/06/2023
  • Standard Offering
    Enrolment opens: 16/07/2023
    Semester start: 11/09/2023
    Subject start: 11/09/2023
    Cancellation 1: 25/09/2023
    Cancellation 2: 02/10/2023
    Last enrolment: 24/09/2023
    Withdraw - Financial: 07/10/2023
    Withdraw - Academic: 28/10/2023
    Teaching census: 06/10/2023
Standard Offering
Enrolment opens: 19/03/2023
Semester start: 15/05/2023
Subject start: 15/05/2023
Cancellation 1: 29/05/2023
Cancellation 2: 05/06/2023
Last enrolment: 28/05/2023
Withdraw - Financial: 10/06/2023
Withdraw - Academic: 01/07/2023
Teaching census: 09/06/2023