The objective of this unit is to provide students with knowledge of financial accounting concepts, principles, procedures and Australian regulations. Students will apply accounting concepts and accounting standards to measure, recognise, classify and disclose specific business transactions and other accounting information. Students are required to use accounting concepts and accounting standards to analyse and prescribe accounting treatment for business transactions, evaluate disclosure requirements and develop an understanding of the relevant legal, professional and conceptual requirements associated with aspects of the preparation of external financial reports for publicly listed Australian companies.
On successful completion of this unit, students will be able to:
This unit is not a compulsorily taken as part of any specific course. Depending on the course you study, this unit may be taken as an elective.