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 |
| Code | ACCT71-303 |
| EFTSL | 0.125 |
| Faculty | Bond Business School |
| Semesters offered |
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| Credit | 10 |
| Study areas |
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| Subject fees |
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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 a 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: ? |
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Subject outlines
Subject dates
| Standard Offering | |
|---|---|
| Enrolment opens | 18/07/2021 |
| Semester start | 13/09/2021 |
| Subject start | 13/09/2021 |
| Cancellation 1? | 27/09/2021 |
| Cancellation 2? | 04/10/2021 |
| Last enrolment | 26/09/2021 |
| Withdraw – Financial? | 09/10/2021 |
| Withdraw – Academic? | 30/10/2021 |
| Teaching census? | 08/10/2021 |
| Standard Offering | |
|---|---|
| Enrolment opens | 20/03/2022 |
| Semester start | 16/05/2022 |
| Subject start | 16/05/2022 |
| Cancellation 1? | 30/05/2022 |
| Cancellation 2? | 06/06/2022 |
| Last enrolment | 29/05/2022 |
| Withdraw – Financial? | 11/06/2022 |
| Withdraw – Academic? | 02/07/2022 |
| Teaching census? | 10/06/2022 |