Offered
Caulfield First semester 2008 (Day)
Caulfield First semester 2008 (Evening)
Caulfield Second semester 2008 (Day)
Synopsis
The unit is a blend of advanced and controversial practical accounting issues and underlying theories that support prescribed accounting treatments of these issues. Attention is concentrated on the interaction between the accounting profession and relevant segments of the society, including industry, capital markets, government and other user groups.
Objectives
The learning objectives of this unit are to:
- critically assess standard setting procedures and the theories of regulation;
- discuss theories to explain accounting policy choices and the relevance of accounting numbers to capital markets;
- explain the definition and recognition criteria for elements of financial reports and issues associated with their application;
- examine contemporary financial accounting issues including financial instruments and intangibles;
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with advanced financial reporting issues.
Assessment
Within semester assessment: 40%
Examination (3 hours): 60%
Contact hours
3 hours per week
Prerequisites
AFF2491
Prohibitions
AFC3120, AFW3040, AFW3050