Accounting Standards and Practice - ACCG923
This unit examines advanced topics relating to accounting standards, practice, financial reporting and business processes. The general purpose financial reporting framework is examined from the perspective of a single incorporated entity. Based on International Financial Reporting Standards (IFRS) and their Australian equivalents (AASB), topics include the regulatory and conceptual foundations of financial reporting; revenue and expense cycle, recognition, measurement, revaluation and impairment of different types of assets, accounting for leases and construction of a complete set of financial statements, including the statement of cash flows. The unit also introduces students to the key business processes and risks and controls associated with these processes. The unit develops graduate capabilities centred upon critical, analytical and integrative thinking, research and problem solving capability and students to be capable of professional and personal judgement and initiative. The unit also requires students to undertake research and write a Business Research Report.
| Credit Points: | 4 |
| 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 City S1 Day - City, Session 1, Day, February to June City S2 Day - City, Session 2, Day, August to November |
| Staff Contact(s): | Accounting and Corporate Governance staff |
| Prerequisites: |
(ACCG611 or ACCG861) and (admission to MAccg or MAccg(Adv) or MAcc(Prof) or MAcc(CPA) or MAcc(Prof)MCom or MIntAccg) |
| Corequisites: | |
| NCCW(s): | ACCG862 |
| Unit Designation(s): | |
| Assessed As: | Graded |
| Offered By: | Department of Accounting and Corporate Governance Faculty of Business and Economics |
Course structures, including unit offerings, are subject to change.
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