UNSW Handbook Course - Intermediate Financial Accounting

Intermediate Financial Accounting - ATAX0015


	Faculty: Faculty of Law
	School: Australian School of Taxation
	Course Outline: See below
	Campus: ATAX Campus
	Career: Undergraduate
	Units of Credit: 6
	EFTSL: 0.125 (more info)
	Contact Hours per Week: 0
	Enrolment Requirements:
	Prerequisite: ATAX0005, ATAX0010
	Fee Band: 2 (more info)
	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.

Course Objectives

The main objectives of this course are:

- To further develop an understanding of underlying conceptual (theoretical) issues by different accounting theories and different perspectives on accounting issues.

- To extend what was learnt in ATAX 0010/0110 by covering financial reporting issues that are currently controversial in the media or the accounting literature. These issues concern important questions about:

the existence, recognition and measurement of assets, liabilities, revenues or expenses, and
whether accounting information is useful to investors and creditors.

- To introduce students to the political and economic forces that shape regulatory and corporate responses to practical bookkeeping aspects of financial reporting issues.

For information on course modules and learning outcomes click here.

Modes of Delivery

Flexible Learning

Assessment

Assignment 1		20%
Assignment 2		20%
Final Examination	Closed book	60%

Pass Requirements

50 per cent or more of the total marks available in the course and
at least 40 per cent of the marks available for the final examination in the course.

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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.