Offered
Clayton Second semester 2008 (Day)
Synopsis
An understanding of the dynamic nature of financial reporting frameworks in differeint countries with an emphasis on the Asia-Pacific region and the influence of the International Accounting Standards Board. Major topics are: the influence of cultural and social values on reporting; comparison of the financial reporting systems and practices in such harmonisation and the IASB's role; and audit implications of international financial reporting.
Objectives
The learning objectives of this unit are to:
- critically evaluate theories relating to the comparative study of financial reporting practices in diverse countries;
- compare and contrast the main international financial reporting systems and practices, and critically evaluate the need for harmonisation;
- identify and explain the major contemporary international financial reporting issues and analyse their implications for comparative national reporting practices; harmonisation initiatives, and the activities of the International Accounting Standards Board;
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with comparative international financial reporting.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
Thirteen 2-hour lectures and twelve 1-hour tutorials
Prerequisites
AFC2120
Prohibitions
AFF3791
