|Year of offer||2019|
|Subject level||Graduate coursework|
|Fees||Subject EFTSL, Level, Discipline & Census Date|
This subject focuses on the nature of accounting for organisations from the perspective of a preparer and user of financial reports. The subject examines the methods of recording and reporting transactions and events and how to both prepare and analyse financial reports.
This includes obtaining an understanding of the judgements and decisions involved in the preparation of financial reports. The subject examines how these different judgements and accounting policy choices can impact the analysis of profitability, liquidity, financial stability and efficiency outcomes.
Intended learning outcomes
- Describe the nature and objectives of financial reporting.
- Explain the key concepts that underpin the preparation of financial reports.
- Record accounting transactions and prepare properly formatted Income Statement, Balance Sheet and Statement of Cash Flow and understand the linkages between these reports.
- Analyse a range of financial and managerial decisions and the different accounting policies that support these decisions.
- To be able to use financial reports to understand an organizations financial performance and position.
- Evaluate the impact on financial results when different accounting policies are applied.
- Problem-solving, critical thinking, interpretation, analysis and evaluation, written and oral communication and the advancement of collaborative work practices.
- Research skills including the ability to synthesise data to develop and validate a range of propositions.
- Critical thinking about financial and managerial accounting theory, tools and techniques to enhance their technical expertise.
- Receptiveness to alternative theories and ideas that will enhance their lateral thinking.