AFF9551

International study program in accounting ( 6 points, SCA Band 2, 0.125 EFTSL)

Leader: Mr Laurie Webb

Offered:
Caulfield SA-02 2006 (Day)

Synopsis: This unit centres on both a conceptual and practical approach to International Accounting Issues with emphasis on International Standard Setting and compliance as viewed by regulators and private sector preparers of accounts. Students gain a practical understanding of these issues in an international context through the overseas visitation program which forms an integral part of this unit.

Objectives: At the conclusion of this unit, studetns will be able to: + Demonstrate an understanding of International Financial Reporting Standards and how they relate to Australian Accounting Standards. + Understand the role and operation of the International Financial Reporting Standards Board and other Regulatory Bodies in the issue of Accounting Standards. + Understand the manner in which professional accounting firms and companies ensure compliance and consistency of domestic standards with International Financial Reporting Standards. + Identify the impact of International Financial Reporting Standards on a number of current accounting issues.

Assessment: 300 work case study (30%) + Participation (20%) + Examination (50%);

Contact Hours: Formal Class hours - 15 - 5 x 3 hour clases held over 2 weeks. Formal visits to professional bodies and companies - 24 at least 12 x 2 hour visits during the international component of programs over a period of approximately 3 weeks.

Prerequisites: AFF9601 or MBA5180