Issues in financial reporting
Professor Graham Peirson
One 3-hour session per week * First semester * Clayton
Synopsis This subject will consider some of the issues in financial reporting. The issues to be covered will include the influences on financial reporting; a conceptual framework for financial reporting; the form and content of the profit and loss statement, balance sheet and funds statement; company taxes; accounting for leases; off-balance sheet financing arrangements; accounting for employee entitlements; accounting for intangibles; foreign currency translation; and emerging issues in financial reporting.
Assessment Written (2000 words): 20% * Examination (3 hours): 80% * Practical work
Prescribed texts
Australian Society of CPAs and the Institute of Chartered Accountings in Australia Accounting handbook Prentice-Hall, 1994
Henderson S and Peirson G Issues in financial accounting, 6th edn, Longman Cheshire, 1993