ACW2491 - Financial accounting - 2019

This unit covers International Financial Reporting Standards applicable to reporting entities including an analysis of significant accounting standards, professional reporting requirements and stock exchange requirements. Accounting for corporate groups and issues in financial reporting are also explored.

Upon successful completion of this unit, students should be able to:

1. explain the nature and regulation of companies
2. apply accounting standards and the framework in the preparation and presentation of financial statements for both single and consolidated entities
3. demonstrate accounting knowledge in areas such as company operations, taxation, property, plant and equipment (acquisition and impairment), and group accounting
4. examine contemporary financial accounting issues
5. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with company reporting and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACW2491.

Within semester assessment: 40% + Examination: 60%

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

See also Unit timetable information