BAP62: Issues in Financial Reporting - Finance Assignment

Internal Code: MAS5940

Finance Assignment:

1. Define the Conceptual Framework and its importance in financial reporting; 2. Understand the standards-setting process and related regulatory framework; 3. Apply the recognition, measurement and applicable disclosure criteria of the selected standards in accounting for Assets, Liabilities and Equities; 4. Appreciate the concept of impairment and perform basic impairment assessments and calculations; 5. Perform foreign currency translation to foreign transactions and operations in accordance with AASB 121;