units

AFX9530

Faculty of Business and Economics

Postgraduate - Unit

This unit entry is for students who completed this unit in 2013 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

print version

6 points, SCA Band 3, 0.125 EFTSL

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LevelPostgraduate
FacultyFaculty of Business and Economics
Organisational UnitDepartment of Accounting and Finance
OfferedCaulfield First semester 2013 (Day)
Caulfield Second semester 2013 (Day)
Caulfield Second semester 2013 (Evening)

Synopsis

An overview of the Australian financial reporting and regulatory framework for reporting entities, including an analysis of the relevant significant accounting standards, benchmarking against the conceptual framework, professional reporting requirements and stock exchange requirements. Financial reporting for corporate groups (including the impact of control, joint control and significant influence) and selected issues in financial reporting are also explored and benchmarked against the conceptual framework.

Outcomes

The learning goals associated with this unit are to:

  1. describe and compare the regulatory requirements, domestic and international, associated with the preparation of general purpose financial statement for companies
  2. apply and critique the accounting rules for entities' investments in other entities, and apply these rules to prepare consolidated financial statements
  3. analyse a number of measurement and financial reporting issues and their possible resolution, including: accounting for income tax, post-acquisition accounting for assets, and business combinations
  4. develop capabilities to work effectively in a group to produce professional quality research reports; effective individual technical skills to construct consolidated financial statements; and demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered by the unit.

Assessment

Within semester assessment: 30%
Examination: 70%

Chief examiner(s)

Contact hours

3 hours per week

Prerequisites

Co-requisites

Students must be enrolled in course: 1822, 0748, 0790, 0826, 4402 or 3843 before undertaking this unit.

Prohibitions

AFF9601, AFX4601