|Semester 2, 2022 Online|
|Faculty or Section :||Faculty of Business, Education, Law and Arts|
|School or Department :||School of Business|
|Student contribution band :||Band 4|
|Grading basis :||Graded|
|Version produced :||2 July 2022|
Examiner: John Sands
The professional accounting bodies require accountants to develop technical expertise in advanced financial accounting topics like financial instruments and earnings management. Given the complexity of commercial transactions conducted today, graduates must also possess an understanding of the concepts of corporate governance, ethics and organisational sustainability and how the reporting of these issues is needed and applied in today’s business environment. The course focuses on the analysis of many sources of corporate information, such as the annual report, ASX announcements, media releases, analyst meetings and environmental reports or corporate social responsibility reports. It provides a sound foundation for graduates pursuing their professional body accreditation studies or their career in business.
The course builds on students' knowledge of consolidated financial statements by investigating advanced financial accounting topics such as financial instruments (measurement, recognition and disclosures) and earnings management issues (asset impairment, goodwill, revenue recognition, provisions and contingent liabilities).
Course learning outcomes
On successful completion of this course students should be able to:
- synthesise business knowledge, accounting disciplinary concepts and principles (e.g. ethical principles and practice benchmark governance or accounting practice principles) to identify, evaluate, assess, argue and/or critique non-compliance or performance activities;
- work collaboratively to analyse a case study scenario;
- apply business related knowledge and technical skills in the form of accounting standards, generally accepted accounting principles (GAAP), legislation and regulations to resolve corporate reporting problems;
- prepare an analytical report that applies the information to decision-making situations or ranks the relevant information required to make a judgement about the future sustainability of a company.
|1.||Ethics and governance principles using a stakeholder approach for duties, responsibilities, regulation, and protection||27.00|
|2.||Reporting of corporate social responsibility||10.00|
|3.||Advanced financial accounting topics (financial instruments and earnings management)||36.00|
|4.||Analysis of corporate performance and sustainability||27.00|
Text and materials required to be purchased or accessed
GRI G4 documents - https://www.globalreporting.org/standards/gri-standards-download-center/ (Any visitor to this website needs to register with GRI to have access to the new standards. This information can be found on the Study Desk under the Assignment 2 tab.).
Student workload expectations
To do well in this subject, students are expected to commit approximately 10 hours per week including class contact hours, independent study, and all assessment tasks. If you are undertaking additional activities, which may include placements and residential schools, the weekly workload hours may vary.
|Weighting (%)||Course learning outcomes|
|Case Study 1||No||40||1|
|Case Study 2||No||20||2,4|
|Case Study 3||No||40||3,4|