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.

Availability

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

Continuing students should consult the SAL for current offering details: ACG508. 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 Business

Enrolment Restrictions

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

Prerequisites

ACG511 or ACC566

Subject Relationships

ACC514 Similar content

Incompatible Subjects

ACC514

Learning Outcomes

Upon successful completion of this subject, students should:
  • be able to apply professional judgement in the preparation of financial statements for reporting entities in accordance with relevant ethical, professional and statutory reporting requirements;
  • be able to discuss and critique the statutory and professional requirements upon which published financial statements are based and their impact on practical situations and recent developments in accounting;
  • be able to apply and analyse 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 critically analyse and communicate clearly and concisely 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

Indicative Assessment

The following table summarises the assessment tasks for the online offering of ACG508 in Session 2 2021. Please note this is a guide only. Assessment tasks are regularly updated and can also differ to suit the mode of study (online or on campus).

Item Number
Title
Value %
1
Newsletter
10
2
Cloud accounting and reporting
10
3
Case study application questions
20
4
Final exam
60

The information contained in the CSU Handbook was accurate at the date of publication: June 2022. The University reserves the right to vary the information at any time without notice.

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