This subject examines key financial accounting topics at both an applied and theoretical level. Topics covered include but are not limited to, accounting for employee entitlements (including share options), segment reporting, earnings per share, intangible assets, biological assets, provisions and contingencies, financial instruments, derivatives and extractive industries.
Intended learning outcomes
Upon successful completion of this subject students should be able to:
analyse, interpret and extract information relevant to the recording and reporting of accounting information from an unfamiliar case study
apply relevant Accounting Standards with respect to recording and reporting information pertaining to a range of complex accounting issues
critically evaluate outcomes obtained from applying different methods available to preparers of financial statements under current Accounting Standards
High level of development: application of theory to practice; interpretation and analysis; critical thinking.
Moderate level of development: written communication; problem solving; synthesis of data and other information; evaluation of data and other information; receptiveness to alternative ideas.
Some level of development: oral communication; collaborative learning; team work.