Financial Reporting
Duration
One Semester or equivalent
Contact hours
- 36
On-campus unit delivery combines face-to-face and digital learning. For Online unit delivery, learning is conducted exclusively online.
Prerequisites
Concurrent Pre-requisites :A unit can be either completed prior to commencing study or taken at the same time.
Aims and objectives
This unit seeks to introduce students to the fundamental principles and practice of corporate accounting. By examining a selection of topics unique to corporate accounting, students become familiar with the practical implementation and application of accounting rules in a corporate environment. The unit also seeks to impart an appreciation of how practical professional knowledge impacts on ethical behaviour in a broader professional sense.
Students who successfully complete this unit will be able to:
1. Demonstrate a critical understanding of the nature of companies, and the associated broader financial reporting environment within which they operate.
2. Apply an advanced knowledge accounting requirements in order to record and report company financing transactions and company operations.
3. Critically analyse financial information in order to construct accurate consolidated financial reports.
Courses with unit
Unit not offered from 2021
Unit information in detail
- Teaching methods, assessment, general skills outcomes and content.
Teaching methods
Face to Face Mode:
Scheduled hours: Class (12 x 3 hours)
Other Student workload: Other activities including independent study and assessment tasks for a total of approximately 150 hours.
Fully Online Mode:
Assessment
1. Assignments (Individual) 40-50%
2. Examination (Individual) 50-60%
2. Examination (Individual) 50-60%
General skills outcomes
During this unit students will receive feedback on the following key generic skills:
- Problem solving skills
- Communications skills
- Ability to tackle unfamiliar problems
- Ability to work independently
Content
The unit of study covers the following areas:
- Nature and Regulation of Companies
- Methods of Financing: Share Capital and Debt Finance (2 lectures)
- Company Operations
- Consolidated Financial Statements (5 lectures)
- Accounting for Income Tax (2 lectures)
- Liquidations
Study resources
- Reading materials.
Reading materials
Students are advised to check the unit outline in the relevant teaching period for appropriate textbooks and further reading.