ACC294 Accounting Standards Interpretation and Disclosures (8)

This subject delves more deeply into the sources of international financial reporting regulation and the conceptual framework, both crucial to informing the global debate regarding financial reporting standard formulation and application. The subject develops student ability to research, interpret and apply accounting standards to a range of  specific real world business issues including the raising of capital, impairment of assets and financial statement disclosures. Students will gain an appreciation of the dynamic and contested arena of financial reporting standard setting.

No offerings have been identified for this subject in 2020.

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

Not available to students who have completed ACC222.

Prerequisites

ACC128

Subject Relationships

ACC222 Overlapping content.

Incompatible Subjects

ACC222

Learning Outcomes

Upon successful completion of this subject, students should:
  • be able to prepare financial statements for reporting entities in accordance with relevant professional and statutory reporting requirements;
  • be able to discuss critically and comprehensively the statutory and professional requirements upon which published financial statements are based;
  • 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; and
  • be able to interpret and explain the relevant principles and accounting standards to a diverse audience.

Syllabus

This subject will cover the following topics:
  • Accounting standards
  • Financial statement presentation and disclosure
  • Accounting for equity, assets and liabilities
  • Alternate measures of valuation
  • Sustainability reporting

The information contained in the CSU Handbook was accurate at the date of publication: October 2020. The University reserves the right to vary the information at any time without notice.

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