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|Credit Points:||15 credit points|
|Level:||Year 1, Core|
Financial Accounting and Reporting provides financial information of an entity to external users in order to enable them to take relevant decisions based on the entity’s financial performance and position. The information is provided to the external parties by means of general purpose financial reports – income statement, balance sheet, statement of changes of equity and a cash flow statement and hence the reports are to comply with the accounting regulatory arrangements prevailing in Australia and internationally.
This subject aims to provide students with an understanding of financial accounting information and to develop their expertise in the accumulation and presentation of financial accounting information. There is an emphasis on extending the awareness of the internal and external factors influencing business operations and decisions, and the role played by the financial accountant.
This unit will cover the following topics:
Students will gain the following capabilities, competencies, and professional skills upon completion of this unit