ACG508 Accounting Standards, Application and Disclosures (8)

In this subject, students will acquire the skills to interpret the underlying accounting standards and apply them to challenging business problems.  Based on International Financial Reporting Standards (IFRS) and their Australian equivalents (AASB) the subject develops students' capacity for professional and personal judgement and initiative through the application of the accounting standards. Graduate capabilities are centred upon critical, analytical and integrative thinking, research and problem solving as students explore the issues and concepts involved in the preparation and presentation of Financial Statements.

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

Postgraduate students only and not available to students who have completed ACC514

Prerequisites

ACG511

Incompatible Subjects

ACC514

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 preparation and disclosure
  • Assets
  • Liabilities
  • Equity
  • Business combinations

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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