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Intermediate Financial Accounting - ACCG224
This unit builds on the first year accounting courses, exploring financial reporting issues in greater depth and challenging students to question the foundations of financial reporting. Based on International Financial Reporting Standards (IFRS) and their Australian equivalents (AASB), topics include the regulatory and conceptual foundations of financial reporting; accounting for income/deferred taxes; recognition, measurement, revaluation and impairment of different types of assets; accounting for leases; and revenue recognition. The unit develops graduate capabilities centred upon discipline specific knowledge, technical skills and professional judgement and their application to solving practical financial reporting issues as well as upon effective oral and written communication to accountants, one particular learning outcome being the demonstration of business communication skills through a professional report assignment and orally presenting its findings. The unit also encourages students to consider the justification and the need for an on-going critical review of financial reporting regulation and consequent changes, including the discussion of alternative reporting frameworks such as the Global Reporting Initiative (GRI) Sustainability Reporting Guidelines and the Integrated Reporting Framework.
| Credit Points: | 3 |
| When Offered: | S1 Day - Session 1, North Ryde, Day S1 Evening - Session 1, North Ryde, Evening S2 Day - Session 2, North Ryde, Day S2 Evening - Session 2, North Ryde, Evening |
| Staff Contact(s): | Accounting and corporate governance staff |
| Prerequisites: | |
| Corequisites: | |
| NCCW(s): | ACCG223 |
| Unit Designation(s): | |
| Unit Type: | |
| Assessed As: | Graded |
| Offered By: | Department of Accounting and Corporate Governance Faculty of Business and Economics |
Timetable Information
For unit timetable information and session dates for external offerings please visit the Timetables@Macquarie Website.