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Course

Intermediate Financial Accounting - ATAX0015

Faculty: Australian School of Business

School: Australian School of Taxation and Business Law

Course Outline: ATAX0015 Course Outline

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

Excluded: ATAX0115

CSS Contribution Charge: 3 (more info)

Tuition Fee: See Tuition Fee Schedule

Further Information: See Class Timetable

View course information for previous years.

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

Course Texts

Textbook courses for ATAX subjects will be available from the UNSW Bookshop from 1 February for Semester 1 courses and from 1 July for Semester 2 courses.
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Study Levels

Undergraduate Study Postgraudate Study Postgraduate Research Study Non-Award Study

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