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ACC00145 - Financial Reporting (2018)

2014 | 2015 | 2016 | 2017 | 2018

Availabilities:

LocationDomesticInternational
Gold Coast Session 1, 2 Session 1, 2
Lismore Session 1, 2 Session 1, 2
Melbourne N/A Session 1, 2, 3
Online Session 1, 2, 3 Session 2
Papua New Guinea - IBS Enga Session 1 Session 1, 2
Papua New Guinea - IBS Port Moresby Session 1 Session 1, 2, 3
Sydney N/A Session 1, 2, 3

Unit aim

Builds on students’ knowledge of the underlying theoretical principles in financial accounting, this unit focuses on reporting and disclosures of financial information through teacher directed activities. By complying with accounting standards, this unit explores current issues that inform the standard-setting process and apply specific techniques to the financial statements.

Unit content

Topic 1: The financial reporting environment
Topic 2: Property, plant and equipment
Topic 3: Intangibles and goodwill
Topic 4: Liabilities
Topic 5: Share capital and dividends distribution
Topic 6: Accounting for income taxes
Topic 7: Financial instruments
Topic 8: Foreign currency translation
Topic 9: Consolidation 
Topic 10: Disclosure and contemporary issues

Learning outcomes

Unit Learning Outcomes express learning achievement in terms of what a student should know, understand and be able to do on completion of a unit. These outcomes are aligned with the graduate attributes. The unit learning outcomes and graduate attributes are also the basis of evaluating prior learning.

Learning outcomes and graduate attributes

GA1: Intellectual rigour, GA2: Creativity, GA3: Ethical practice, GA4: Knowledge of a discipline, GA5: Lifelong learning, GA6: Communication and social skills, GA7: Cultural competence
On completion of this unit, students should be able to: GA1 GA2 GA3 GA4 GA5 GA6 GA7
1 Analyse and discuss the regulatory environment for external financial reporting in Australia in the context of contemporary issues
2 Evaluate current issues in financial reporting and apply accounting theories relating to the business practices of corporate entities.
3 Critically analyse and apply selected accounting standards and techniques relating to assets, liabilities, leases, financial instruments, shareholders’ equity, income taxes, foreign currency transactions, business combinations and consolidation
4 Present coherent and persuasive arguments in relation to financial reporting issues.

On completion of this unit, students should be able to:

  1. Analyse and discuss the regulatory environment for external financial reporting in Australia in the context of contemporary issues
    • GA4: Knowledge of a discipline
    • GA6: Communication and social skills
  2. Evaluate current issues in financial reporting and apply accounting theories relating to the business practices of corporate entities.
    • GA1: Intellectual rigour
  3. Critically analyse and apply selected accounting standards and techniques relating to assets, liabilities, leases, financial instruments, shareholders’ equity, income taxes, foreign currency transactions, business combinations and consolidation
    • GA1: Intellectual rigour
    • GA4: Knowledge of a discipline
  4. Present coherent and persuasive arguments in relation to financial reporting issues.
    • GA4: Knowledge of a discipline
    • GA6: Communication and social skills

Prescribed texts

Session 1

  • Prescribed text information is not currently available.

Session 2

  • Prescribed text information is not currently available.

Session 3

  • Prescribed text information is not currently available.

Prescribed texts may change in future study periods.

Teaching and assessment

Gold Coast

Teaching method
Lecture online 1 hour (12 weeks)
Tutorial on-site 2 hours (12 weeks)
Assessment
Quiz 20%
Report 30%
Exam: closed book 50%

Lismore

Teaching method
Lecture online 1 hour (12 weeks)
Tutorial on-site 2 hours (12 weeks)
Assessment
Quiz 20%
Report 30%
Exam: closed book 50%

Melbourne

Teaching method
Lecture online 1 hour (12 weeks)
Tutorial on-site 2 hours (12 weeks)
Assessment
Quiz 20%
Report 30%
Exam: closed book 50%

Online

Teaching method
Lecture online 1 hour (12 weeks)
Assessment
Quiz 20%
Report 30%
Exam: closed book 50%

Papua New Guinea - IBS Enga

Teaching method
Workshop on-site
Assessment
Quiz 20%
Report 30%
Exam: closed book 50%

Papua New Guinea - IBS Port Moresby

Teaching method
Workshop on-site
Assessment
Quiz 20%
Report 30%
Exam: closed book 50%

Sydney

Teaching method
Lecture online 1 hour (12 weeks)
Tutorial on-site 2 hours (12 weeks)
Assessment
Quiz 20%
Report 30%
Exam: closed book 50%

Intensive offerings may or may not be scheduled in every session. Please refer to the timetable for further details.

Southern Cross University employs different teaching methods within units to provide students with the flexibility to choose the mode of learning that best suits them. SCU academics strive to use the latest approaches and, as a result, the learning modes and materials may change. The most current information regarding a unit will be provided to enrolled students at the beginning of the study session.

From the 1st of June, 2017, the term 'Distance Education' has been replaced with 'Online'

Fee information

Domestic

Commonwealth Supported courses
For information regarding Student Contribution Amounts please visit the Student Contribution Amounts.
Commencing 2018 Commonwealth Supported only. Student contribution band: 3

Fee paying courses
For POSTGRADUATE or UNDERGRADUATE full fee paying courses please check Domestic Postgraduate Fees OR Domestic Undergraduate Fees

International

Please check the international course and fee list to determine the relevant fees.