This topic examines selected issues in financial accounting and reporting. Current and proposed accounting standards and generally accepted accounting principles are considered and evaluated within the conceptual framework for financial reporting and application of accounting theory. The topic also examines the Financial Reporting Environment, Regulation and Current Developments in International Accounting Standard Setting. Topics to be examined may include: applicable accounting theory, share capital and reserves; accounting for leases; foreign currency translation; intangibles; and financial instruments.
This topic aims to: