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: 0.12500 (more info)
	Indicative Contact Hours per Week: 0
	Enrolment Requirements:
	Prerequisite: ATAX0005, ATAX0010
	Fee Band: 3 (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.

Recommended Prior Knowledge

ATAX0005 Accounting 1 and ATAX0010 Accounting 2 are prerequisites for this course.

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

Assignment 1 - 20%
Assignment 2 - 15%
My eLearing Vista MCQ quizzes, 3 quizzes (5% each) - 15%
Final Exam, Open book, 2 hours duration - 50%

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.

Order from UNSW Bookshop:
http://www.bookshop.unsw.edu.au/atax.html

Citation and Style Guides

The following is a selection of acceptable citation and style guides, which you may use as the basis for your written work. You must purchase or have access to one of the following publications:

Rozenberg P, Australian guide to uniform legal citation (Sydney: Lawbook Co, 2nd ed, 2003)
Stuhmcke A, Legal referencing (Sydney: Butterworths, 3rd ed, 2005)
Australian guide to legal citation (Melbourne University Law Review Association, 2nd ed, 2002) - Available from http://mulr.law.unimelb.edu.au/aglc.asp

Note that in disciplines other than law (ie, Accounting and Economics) the literature in these courses has, for the most part, been written in the Harvard style and in these courses you may prefer to use the Harvard style of referencing. Guides to using the Harvard style can be accessed at the following websites:

http://www.lc.unsw.edu.au/onlib/ref.html
http://www.usq.edu.au/library/infoabout/ref_guides/default.htm

In this course, it is acceptable to use either one of the prescribed legal styles, or the Harvard style. However, whatever style you adopt must be used consistently and correctly - you must not mix one style with another.

Recommended
Refer to Course Profile supplied by Lecturer.