Highlights
Assessment requirements: Assessment 1 is individual work and submission. There are 11 weekly topics in the subject's outline.
Topics are:
1 Institutional arrangement for setting accounting standards in Australia Corporations Act 2001/ASXAASS Scope. reporting entity and the objective of financial reporting. Australian Conceptual Framework/AASB
2. The fundamentals of general-purpose financial reporting. Australian Conceptual Framework. Recognition. and measurement of the elements of financial statements. Australian Conceptual Framework
3. The choice of accounting methods. Accounting for Equity. AASB13 Fair value
4. Accounting for leases - AASB117
5. Accounting for employee benefits - AASB119
6. Accounting for financial instruments - AASB9 & AASB139
7. Financial reporting Segment reporting, statements of value-added, highlights statements and future-oriented financial information - AASB127
8. Accounting for corporate social responsibilities & Ethics in accounting. Global Reporting Initiative (GRI)& APES110 Code of Ethics for Professional Accountants
9. Statement of Cashflow
10. Statement of Comprehensive Income
11. Foreign currency translation - AASB121
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