ACC514 Financial Accounting (8)

This subject, which builds upon the introduction to financial accounting provided in the prerequisite subject, begins with an introduction to the regulatory environment for financial reporting and an overview of the conceptual framework for financial reporting principles and standards. The major focus is the form and content of published financial reports and the application of generally accepted accounting principles and specific financial reporting standards relating to concepts of recognition, measurement, disclosure, revaluation and impairment of financial statement elements.

Subject Outlines
Current CSU students can view Subject Outlines for recent sessions. Please note that Subject Outlines and assessment tasks are updated each session.

Availability

* Offering has a residential school. Please view following information for further details.

Session 1 (30)
On Campus
CSU Study Centre Brisbane
CSU Study Centre Melbourne
CSU Study Centre Sydney
Port Macquarie Campus
Session 2 (60)
On Campus
CSU Study Centre Brisbane
CSU Study Centre Melbourne
CSU Study Centre Sydney
Port Macquarie Campus
Online *
Wagga Wagga Campus

Continuing students should consult the SAL for current offering details: ACC514. Where differences exist between the Handbook and the SAL, the SAL should be taken as containing the correct subject offering details.

Subject Information

Grading System

HD/FL

Duration

One session

School

School of Accounting and Finance

Enrolment Restrictions

Postgraduate students only.  Not available to students who have completed ACC590.

Prerequisites

ACC511 or ACC566

Subject Relationships

ACC590 Subjects have overlapping content

Incompatible Subjects

ACC590

Learning Outcomes

Upon successful completion of this subject, students should:
  • be able to prepare basic financial statements for reporting entities;
  • be able to discuss critically and comprehensively the statutory and professional requirements upon which published financial statements are based;
  • be able to explain the form and content of financial statements;
  • be able to interpret and apply generally accepted accounting principles and specific financial reporting standards relating to concepts of recognition, measurement, disclosure, revaluation and impairment of key financial statement elements.

Syllabus

This subject will cover the following topics:
  • introduction to the regulatory environment for financial reporting, as well as the conceptual framework underlying financial reporting;
  • financial statement presentation;
  • financial statement disclosures;
  • accounting for share capital reserves;
  • accounting for income tax;
  • accounting for property and equipment;
  • accounting for impairment of assets;
  • accounting for intangible assets;
  • accounting for liabilities, contingent liabilities and contingent assets;
  • preparation of a statement of cash flows;
  • introduction to business combinations.

Contact

Current Students

For any enquiries about subject selection or course structure please contact Student Central or ask@csu.edu.au or phone on 1800 275 278.

Prospective Students

For further information about Charles Sturt University, or this course offering, please contact info.csu on 1800 334 733 (free call within Australia) or enquire online.

The information contained in the 2019 CSU Handbook was accurate at the date of publication: September 2018. The University reserves the right to vary the information at any time without notice.

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