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Unit of study_

ACCT2011: Reporting on Business Performance

2025 unit information

This unit of study examines the application of key accounting standards to financial statements, focusing on publicly listed entities. Beginning with an overview of the financial reporting environment it develops an understanding of how managerial accounting policy choices are made. The unit covers a range of important topics such as revenue recognition, intangible assets, and an introduction to financial instruments; the underlying importance of different measurement approaches ranging from historical cost to fair value is a consistent theme throughout. The unit also explores the role of credible disclosures not directly covered by accounting standards. As a steppingstone for business performance-based roles, students undertaking this unit will develop confidence through contemporary practical case work and critical evaluation of current issues.

Unit details and rules

Managing faculty or University school:

Business (Business School)

Study level Undergraduate
Academic unit Accounting
Credit points 6
Prerequisites:
? 
(ACCT1001 or ACCT1005 or BUSS1030) and (ACCT1002 or ACCT1006)
Corequisites:
? 
None
Prohibitions:
? 
None
Assumed knowledge:
? 
None

At the completion of this unit, you should be able to:

  • LO1. describe and understand the conceptual framework and specific standards for preparing financial statements within a regulatory and commercial context
  • LO2. interpret and apply specific accounting standards to transactions based on varying problems and facts, which require critical thinking and judgement
  • LO3. critically discuss issues in the interpretation and application of accounting standards, as these affect the information content and decision-relevance of financial statements
  • LO4. critique Australian accounting standards in order to evaluate financial reporting issues for a reporting entity; develop solid and defensible arguments that reflect your opinion
  • LO5. work collaboratively with others to analyse the requirements of an Australian accounting standard and understand how these accounting requirements can be applied to an entity's operations
  • LO6. recognise the requirements of different users of financial statements and appreciate the social and ethical dimensions of the choices made by financial statement preparers.

Unit availability

This section lists the session, attendance modes and locations the unit is available in. There is a unit outline for each of the unit availabilities, which gives you information about the unit including assessment details and a schedule of weekly activities.

The outline is published 2 weeks before the first day of teaching. You can look at previous outlines for a guide to the details of a unit.

Session MoA ?  Location Outline ? 
Semester 1 2024
Normal day Camperdown/Darlington, Sydney
Semester 2 2024
Normal day Camperdown/Darlington, Sydney
Session MoA ?  Location Outline ? 
Semester 1 2025
Normal day Camperdown/Darlington, Sydney
Outline unavailable
Semester 2 2025
Normal day Camperdown/Darlington, Sydney
Outline unavailable
Session MoA ?  Location Outline ? 
Semester 1 2020
Normal day Camperdown/Darlington, Sydney
Semester 2 2020
Normal day Camperdown/Darlington, Sydney
Semester 1 2021
Normal day Camperdown/Darlington, Sydney
Semester 1 2021
Normal day Remote
Semester 2 2021
Normal day Camperdown/Darlington, Sydney
Semester 2 2021
Normal day Remote
Semester 1 2022
Normal day Camperdown/Darlington, Sydney
Semester 1 2022
Normal day Remote
Semester 2 2022
Normal day Camperdown/Darlington, Sydney
Semester 2 2022
Normal day Remote
Semester 1 2023
Normal day Camperdown/Darlington, Sydney
Semester 1 2023
Normal day Remote
Semester 2 2023
Normal day Camperdown/Darlington, Sydney

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Modes of attendance (MoA)

This refers to the Mode of attendance (MoA) for the unit as it appears when you’re selecting your units in Sydney Student. Find more information about modes of attendance on our website.