Monash University Handbook 2011 Postgraduate - Unit

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

Synopsis

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.

Objectives

The learning goals associated with this unit are to:

1. apply a range of theories of accounting to explain financial accounting and reporting practices and appreciate the judgments, estimations and assumptions influencing accounting numbers
2. critically assess and appreciate changing influences in standard setting; the compliance regime in capital markets and impacts of regulatory requirements on financial reporting practices
3. assess the role of financial accounting in sustainable development and corporate social and environmental performance reporting
4. analyse a range of financial reporting issues, including intangible assets, financial instruments and foreign currency transactions, from both a practical and theoretical perspective; and demonstrate effective individual research skills to produce professional quality business documents to solve financial accounting problems; and demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered by this unit.

Assessment

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

Chief examiner(s)

Michaela Rankin

Contact hours

3 hours per week

Prerequisites

AFX9500

Co-requisites

AFX9530

Prohibitions

AFF9631, AFG9040, AFX5631