ACCG8307 CPA - Financial Reporting

Task:

Unit description

This unit provides extended formal academic support for students concurrently enrolled in the Financial Reporting unit of the CPA program. It is designed to provide students with an advanced knowledge of selected financial reporting and accounting standards, financial reporting requirements, technical accounting expertise, and business skills and values that are applicable in a professional and global environment. At the completion of this unit, students will have a detailed understanding of advanced concepts in financial analysis and disclosure in relation to key business concepts and transactions and be able to apply this knowledge to the preparation of general-purpose financial statements. Students will also be able to communicate financial accounting issues that may arise in the preparation of general-purpose financial statements including those from a theoretical perspective.

Learning Outcomes

1. Apply relevant accounting standards to key business transactions and events and prepare the complete set of financial statements.

2. Critically analyse and evaluate accounting issues and problems that may arise by applying the contents of specific accounting standards and the conceptual framework.

3. Research and professionally communicate the issues that need to be addressed in the preparation of general-purpose financial statements.

4. Examine and interpret current issues in financial accounting and able to apply this analysis to general business skills.

CPA External Examination

This is a hurdle assessment task (see assessment policy for more information on hurdle assessment tasks) Examination administered by CPA Australia. CPA Australia will advise on the format and topics included in the final exam. Students need to achieve at least a PASS mark in this CPA external examination. If students do not pass this CPA examination, students will not pass this unit.

On successful completion you will be able to:

• Apply relevant accounting standards to key business transactions and events and prepare the complete set of financial statements.

• Critically analyse and evaluate accounting issues and problems that may arise by applying the contents of specific accounting standards and the conceptual framework.

• Examine and interpret current issues in financial accounting and able to apply this analysis to general business skills