Financial reporting and statement analysis
Dr Stewart Jones and Dr Sheikh Rahman
6 points
* One 3-hour lecture per week, or equivalent
* Caulfield
* Prerequisites: Previous studies in financial accounting at undergraduate
level
Objectives On successful completion of this subject students should be able to demonstrate knowledge of current legal and professional requirements about the form, content and timing of published financial reports; understand the impact of choices of accounting methods on the usefulness of corporate financial statements and on the process of financial statement analysis; understand the special issues and concerns relating to consolidated financial statements, foreign operations and related analytical challenges; appreciate the nature and impact of intangible assets, large write-offs and `off-balance-sheet' items on the published financial reports; analyse and interpret financial statements and reports; prepare suitable reports to management.
Synopsis This subject has two distinct but interlinked aspects. One aspect considers business enterprises in Australia. Reporting requirements according to Corporations Law and approved accounting standards are contrasted with existing reporting practices in order to assess critically the quality of published financial reports. The other aspect examines the properties and roles of financial statements; the key aspects of decisions based on financial statements and the environmental features for decision making.
Assessment Oral presentation: 15%
* written submission: 15%
*
short tests/assignments (2500 words): 20%
* Examination (3 hours): 50%
Prescribed texts
Eddey P Accounting for corporate combinations and associations 3rd edn, Butterworths, 1995
Jager M O and others Company accounting procedures 6th edn, Butterworths, 1994
ASCPA and ICAA Accounting handbook 1994/1995 plus a number of prescribed reading materials
Foster G Financial statement analysis 2nd edn, Prentice-Hall, 1986
Zikmund W G Business research methods Dryden, 1993
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