BUSN9118 Financial Accounting Issues

Dr Wee Ching Pok

2011

4.5

1 x 3-hour workshop weekly

1 1 of BUSN9114, BUSN9102
2 Admission into MAF-Master of Accounting and Finance
2a Admission into MACC-Master of Accounting
2b Admission into MAM-Master of Accounting and Marketing
Must Satisfy: (1 and (2 or 2a or 2b))

BUSN9107 has been successfully completed

This topic builds on the introductory financial accounting studied in BUSN9113 Accounting Fundamentals and BUSN9114 Information Systems and Accounting Processes.

Master of Accounting

This topic examines selected issues in financial accounting and reporting. Current and proposed accounting standards and generally accepted accounting principles are considered and evaluated within the conceptual framework for financial reporting. Topics to be examined may include: disclosure in corporate reports; accounting for leases; foreign currency translation; intangibles; extractive industries accounting; financial instruments

This topic aims to:

introduce students to financial accounting issues, and develop their ability to appraise these issues based upon the conceptual framework for financial reporting
provide students with a detailed knowledge of the impact of specific regulatory requirements, particularly applicable accounting standards, upon reporting entities' accounting procedures
provide students with an understanding of specific accounting standards, illustrate the accounting procedures required, give a theoretical understanding of the principles involved, and outline the relevant disclosure requirements
develop students' ability to critically evaluate these accounting and reporting requirements

In addition, the topic aims to develop:

generic cognitive skills (especially analytical and evaluative skills)
behavioural skills (especially personal and interpersonal skills) which can be employed in an organisational work environment.

At the conclusion of the topic students will be able to critically evaluate and apply accounting standards relating to a range of accounting and reporting issues such as:

accounting for foreign exchange
translation of the accounts of foreign operations
financial instruments
accounting for leases
accounting for the extractive industries
accounting for intangibles
other current issues in accounting

Key dates and timetable

Timetable details for 2011 are no longer published.

This information is from current details held on the Student Information System. Please report any errors or omissions to the relevant College Office.