Offered

Berwick Second semester 2008 (Day)
Gippsland First semester 2008 (Off-campus)
Gippsland Second semester 2008 (Day)
Gippsland Second semester 2008 (Off-campus)
Sunway First semester 2008 (Day)
Sunway Second semester 2008 (Day)
Hong Kong Second semester 2008 (Off-campus)
Singapore Second semester 2008 (Off-campus)
Peninsula Second semester 2008 (Day)

Synopsis

To provide students with an advanced understanding of various corporate accounting issues in accordance with the Australian accounting standards and statutory requirements. Financial accounting issues are: institutional setting and the conceptual framework; accounting for leases; accounting for employee benefits; accounting for financial instruments; segment reporting; accounting for EPS; accounting for extractive industries; accounting for self generating and regenerating assets; financial reporting in the public sector; international accounting standards and harmonisation; foreign currency translation; and social and environmental reporting.

Objectives

The learning objectives of this unit are to:

• acquire advanced knowledge of the preparation of financial statements in accordance with the requirements of accounting standards and statutory laws;
• describe the accounting standard setting framework and discuss contemporary accounting issues;
• demonstrate advanced accounting knowledge in areas such as employee benefits, leasing, segment reporting and financial instruments;
• apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with financial accounting issues.

Assessment

Within semester assessment: 40%
Examination(3 hours): 60%

Contact hours

3 hours per week

Prerequisites

AFW2491

Prohibitions

AFC3120, AFF3491