Financial accounting
Mr Mahendra Goyal
6 points
* Distance: approximately 12 hours per week
* Second
semester
* Gippsland
* Prerequisite: GBU8014
Objectives This subject builds on the fundamentals of accounting principles taught in the prerequisite subjects. Students develop a thorough understanding of corporate accounting in accordance with the accounting standards and statutory requirements for the preparation of financial reports. Students will learn about the practical application of the current standards and are expected to critically evaluate the reasoning behind the development of selected standards.
Synopsis The specific issues that are addressed in this subject are the influences on the nature and objectives of financial accounting, profit determination and distribution, the reorganisation of share capital, the profit and loss, balance sheet and cash flow statements, the nature and recognition of assets, accounting for intangible assets and expenditure carried forward, tax effect accounting, extractive industries, leasing, real estate and construction, the nature and recognition of liabilities and segmental reporting.
Assessment Assignments: 35%
* Examination: 65%
Prescribed texts
Australian Society of Certified Practising Accountants and the Institute of Chartered Accountants Accounting handbook 1995 Prentice-Hall, 1995
Jager M and others Company accounting procedures 6th edn, Butterworths 1994
| Published by Monash University, Clayton, Victoria
3168 Copyright © Monash University 1996 - All Rights Reserved - Caution Authorised by the Academic Registrar December 1996 |