The unit explores how and why corporations report to the many and varied users of accounting information. For this information to be useful for economic decisions, it is argued that the information disclosed by corporations should possess certain qualitative characteristics. The students will investigate these characteristics through the general structure underlying corporate reporting as well as more specific examples of corporate accounting practices. A major focus is on applying accounting standards for the preparation of financial statements and corporate reports.
Unit details
Location:
Study level:
Undergraduate
Credit points:
12
Unit code:
BAO2203
Prerequisites
BAO2202 - Financial Accounting
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Learning Outcomes
| 1. | Analyse and prepare accounting transactions for companies in order to produce external financial reports required under regulatory and conceptual frameworks; | ||
| 2. | Deliberate on the implications of the information contained in the financial reports and communicate these to the relevant parties; | ||
| 3. | Demonstrate initiative, professional judgement and the technical skills required to record and report transactions suitable for specified purposes and audiences; | ||
| 4. | Critically evaluate and apply the accounting concepts and theories underlying corporate reporting in their relevance to addressing complex and emerging problems in corporate accounting; and |
Assessment
Melbourne campuses
Students studying under the VU Block Model.
| Assessment type | Description | Grade |
|---|---|---|
| Test | Test 1 | 20% |
| Test | Test 2 | 30% |
| Case Study | Group Case Study | 30% |
| Presentation | Group Presentation | 20% |
Other locations
| Assessment type | Description | Grade |
|---|---|---|
| Test | Short answer and practical questions (Part A: 10%; Part B: 15%) | 25% |
| Assignment | Case Studies | 25% |
| Examination | Multiple choice, short theory and practical questions | 50% |
Required reading
Financial Reporting (3rd ed.).
Loftus, J., et al. (2020).
Melbourne: John Wiley and Sons.
Where to next?
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