BUSN2029 Financial Reporting

This topic includes an overview of the nature of accounting regulation, including current national and international developments in financial reporting. The topic covers introduces accounting theory and the application of accounting theory, particularly in the context of the conceptual framework. It incorporates consideration of practical issues such as fair value measurement, the presentation of financial statements and accounting policies and disclosures.

This topic includes an overview of the nature of accounting regulation, including current national and international developments in financial reporting. The topic covers introduces accounting theory and the application of accounting theory, particularly in the context of the conceptual framework. It incorporates consideration of practical issues such as fair value measurement, the presentation of financial statements and accounting policies and disclosures.

In addtion, the topic aims to develop:

• Generic cognitive skills (especially analyticial and evaluative skills)
• Behavioural skills (personal and interpersonal skills) which can be employed in organisational work enviroments

1. Articulate various theories of accounting and the application of accounting theory in the context of the conceptual framework
2. Describe the reporting environment and regulation of financial accounting in Australia and internationally
3. Define the components of the accounting conceptual framework, its significance and limitations
4. Critically evaluate and apply a range of accounting standards