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Intermediate Financial Accounting - ATAX0115
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Faculty: Faculty of Law
 
 
School:  Australian School of Taxation
 
 
Course Outline: See below
 
 
Campus: ATAX Campus
 
 
Career: Postgraduate
 
 
Units of Credit: 6
 
 
EFTSL: 0.12500 (more info)
 
 
Indicative Contact Hours per Week: 3
 
 
Enrolment Requirements:
 
 
Restricted to students enrolled in Program 5541
 
 
Excluded: ATAX0015
 
 
CSS Contribution Charge:Band 3 (more info)
 
 
Tuition Fee:See Tuition Fee Schedule
 
 
Further Information: See Class Timetable
 
 

Description

This course is concerned with external financial reporting and, in particular, the accounting and reporting practices of listed companies. It is an issues based course, where more complicated business transactions and events are considered, as well as accounting problems in certain specific areas. The regulatory requirements for preparation of a set of company financial statements, together with the continuous disclosure requirements and voluntary disclosures made by companies, are examined. Alternative accounting practices and issues, and the choice of technique by different preparers of accounts are also examined. Emphasis is placed on the understanding of the theory of accounting and its development.


Recommended Prior Knowledge

ATAX0105 Accounting 1 and ATAX0110 Accounting 2. Students who have not completed these courses should consult the Course convenor prior to enrolling in ATAX0115 Intermediate Financial Accounting.

Course Objectives

Having completed this course you should be able to:
  • Understand economic, political, legal, commercial and business issues (such as measurement problems in accountancy)
  • Apply fundamental theories (such as positive accounting theory) and concepts (such as those embodied in the conceptual framework of accounting) in diverse and unpredictable environments
  • Critically analyse the underlying theories, concepts, assumptions and arguments concerning the regulation of accounting
  • Communicate effectively and to a professional standard in verbal, written and group contexts
  • Lead and participate in teams (including members from diverse cultural backgrounds) and demonstrate an ability to manage, persuade and influence others
  • Apply specialist technical skills which are recognised by professional associations

Main Topics

  • The Australian financial reporting environment
  • Accounting theory
  • Accounting for assets
  • Accounting for liabilities
  • Accounting for leases
  • Accounting for income tax
  • Accounting for equity

Assessment

2 assignments
3 online multiple choice quizzes
1 exam

Course Texts

Prescribed
Information regarding the Atax Textbook Lists for Semester 1 will be available on the UNSW Bookshop website from 1 February.

Information regarding the Atax Textbook Lists for Semester 2 will be available on the UNSW Bookshop website from 1 July.

Recommended
Refer to Course Profile supplied by Lecturer.

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© The University of New South Wales (CRICOS Provider No.: 00098G), 2004-2011. The information contained in this Handbook is indicative only. While every effort is made to keep this information up-to-date, the University reserves the right to discontinue or vary arrangements, programs and courses at any time without notice and at its discretion. While the University will try to avoid or minimise any inconvenience, changes may also be made to programs, courses and staff after enrolment. The University may also set limits on the number of students in a course.