AFX5930 - CPA financial accounting

Leader: Mr Alex Martin

Offered

Caulfield Second semester 2007 (Evening)

Synopsis

This unit is one of the elective segments offered in the CPA Program. The unit addresses contemporary financial reporting issues in a globalised environment. The unifying theme throughout the segment is measurement. The unit includes the nature of measurement alternatives for assets, liabilities and equity, and an analysis of the measurement options available for private and public sector reporting. Topics examined include: asset impairment; recognition, measurement and disclosure of provisions, contingent assets and contingent liabilities; employee benefits; financial instruments; and corporate social responsibility reporting.

Objectives

The learning goals associated with this unit are to:

• develop an improved understanding of contemporary financial accounting areas and issues in a globalised environment, particularly as they relate to measurement
• acquire detailed working knowledge of accounting for impairment of assets,

provisions, contingent liabilities and contingent assets, employee benefits and accounting for financial instruments

• understand current developments in public sector reporting and triple bottom line reporting
• develop critical skills in analysing, communicating and presenting comprehensive case studies
• develop an ability to work independently and to participate in group discussions with participants from diverse backgrounds.

Assessment

Examination (3 hours): 100%

Contact hours

3 hours per week

Prerequisites

Associate membership CPA Australia

Prohibitions

AFX5002