Offered
Clayton First semester 2008 (Day)
Clayton Second semester 2008 (Day)
Synopsis
Topics include accounting standard-setting arrangements; the conceptual framework for financial reporting; the form and content of financial statements; income tax allocation; intangibles; off-balance sheet financing including leasing; superannuation plans; general insurance; employee benefits; financial instruments and emerging issues in financial reporting.
Objectives
The learning objectives of this unit are to:
- explain the institutional framework for the regulation of financial reporting in Australia
- apply accounting standards and the framework in the preparation and presentation of financial statements
- demonstrate advanced accounting knowledge in areas such as income tax, leasing, intangibles and financial instruments
- apply critical thinking, problem solving and presentation skills to individual and /or group activities dealing with advanced financial accounting.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
Two 1-hour lectures and one 1-hour tutorial per week
Prerequisites
AFC2120
Prohibitions
AFF3491, AFW3040, AFW3050
