The unit explores how and why corporations report to the many and varied users of accounting information. For this information to be useful for economic decisions, it is argued that the information disclosed by corporations should possess certain qualitative characteristics. The students will investigate these characteristics through the general structure underlying corporate reporting as well as more specific examples of corporate accounting practices. A major focus is on applying accounting standards for the preparation of financial statements and corporate reports.

Unit details

Study level:
Undergraduate
Credit points:
12
Unit code:
BAO2203

Prerequisites

BAO2202 - Financial Accounting

Learning Outcomes

On successful completion of this unit, students will be able to:
  1. Analyse and prepare accounting transactions for companies in order to produce external financial reports required under regulatory and conceptual frameworks;  
  2. Deliberate on the implications of the information contained in the financial reports and communicate these to the relevant parties;  
  3. Demonstrate initiative, professional judgement and the technical skills required to record and report transactions suitable for specified purposes and audiences;  
  4. Critically evaluate and apply the accounting concepts and theories underlying corporate reporting in their relevance to addressing complex and emerging problems in corporate accounting; and  

Assessment

Melbourne campuses

Students studying under the VU Block Model.

Assessment type Description Grade
Test Test 1 20%
Test Test 2 30%
Case Study Group Case Study 30%
Presentation Group Presentation 20%

Other locations

Assessment type Description Grade
Test Multiple choice, short theory and practical questions 20%
Assignment Case Studies 20%
Examination Multiple choice, short theory and practical questions 60%

Required reading

Financial Reporting (3rd ed.).
Loftus, J., et al. (2020).
Melbourne: John Wiley and Sons.

Where to next?

As part of a course

You can choose to study this unit as part of the following courses. Refer to the course page for information on how to structure your course to include this unit.

Study a single unit

This unit can be studied on its own, without enrolling in a full degree. Learn more about single units of study at VU.

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