This unit examines the accounting and reporting practices of reporting entities, particularly listed public companies. Emphasis is placed on developing an understanding of, and the ability to critically evaluate, the various regulatory requirements (professional and statutory) governing financial reporting. The unit commences with an overview of the financial reporting environment and theories that seek to explain the accounting policy choices of management. This framework provides a basis for examining a range of specific issues in financial accounting. Emphasis throughout the unit is on both the application of specific accounting techniques/rules and the conceptual/theoretical issues associated with alternative accounting methods.
1x2hr lecture and 1x1hr tutorial per week
tutorial preparation (5%), group assignment (15%), mid-semester examination (30%), final examination (50%)
(ACCT1001 or ACCT1005 or BUSS1030) and (ACCT1002 or ACCT1006)