Caulfield First semester 2008 (Day)
Caulfield First semester 2008 (Evening)
Caulfield Second semester 2008 (Day)
Caulfield Second semester 2008 (Evening)
Topics include the standard-setting and regulatory framework in Australia; the various authoritative pronouncements and guidelines emerging from the conceptual framework; accounting for financial derivatives; accounting for foreign currency; intangible assets; jointly controlled ventures and the theoretical underpinnings of these topics.
The learning goals associated with this unit are to:
- understand the constructed nature of accounting by studying, from a range of perspectives, the theoretical concepts upon which the practice of accounting is structured
- identify the basic principles of accounting and the theoretical reasoning behind those principles
- outline the broad objectives of accounting, and critically assess aspects of the conceptual framework that continue to be contentious
- critically assess and appreciate changing influences in standard setting procedures; the compliance regime in capital markets and impacts of regulatory requirements on financial reporting entities
- understand the relevant theoretical structure and handle practical accounting problems related to specific accounting contexts including foreign currency, financial derivatives, and intangible assets.
Within semester assessment: 40%
Examination (3 hours): 60%
3 hours per week