Course overview
The aim of this course is to guide students in their development of technical and problem solving skills in the area of corporate external financial reporting. Corporate external financial reporting comprises financial reporting by reporting entities to external stakeholders. It is mandatory for reporting entities to report in accordance with Australian accounting standards. Students in this course will gain skills in reading, interpreting and applying accounting standards. This course builds on introductory level financial accounting. The course is essential for all individuals exposed to financial information in the workplace including accountants, auditors, financial analysts, managers, bankers and oversight bodies involved in the preparation or use of company financial statements.
Course learning outcomes
- Explain how select Australian Accounting Standards are applied to specific transactions and other financial events
- Apply the concepts of definition, recognition and measurement as specified in Australian Accounting Standards to specific transactions and other financial events
- Prepare select aspects of general- purpose financial statements and related disclosures in accordance with the reporting requirements of Australian Accounting Standards
- Communicate clearly and concisely when presenting, discussing and reporting knowledge and ideas in formal and informal situations