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Financial Accounting A
UoS Code ACCT2011
Credit points 6
Offered Semester 1 and Semester 2
Prerequisites ACCT1001 and ACCT1002 and ECMT1010
Corequisites
Prohibitions ACCT2001
Assumed Knowledge
Additional Information
Lectures 3 hrs of lectures/tutorials per week
Assessment Presentation; Tutorial participation; Research project; Mid-semester examination; Final examination.
Description 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.