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.
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.