ACC222 External Reporting (8)
Enrolment restrictions: Not available to students who have completed ACC321, ACC220, ACC282 or RMBU2649. Completion of RMBU1645 satisfies the prerequisite for this subject.
In an international context this subject deals with company formation, changes in a company's capital structure and the statutory and professional financial reporting requirements of incorporated reporting entities. An understanding of the overview of the conceptual framework and the role of accounting standards leads to the study of the definition, measurement and recognition of assets, liabilities and owner's equity items and to the disclosure of these items in financial statements.