ACCTING 7020MELB - Intermediate Financial Reporting (M)

This course extends students' knowledge of corporate external financial reporting. It introduces students to the Accounting Standards setting environment. Students learn how to read, interpret and apply accounting standards to make informed policy choices for a variety of complex accounting issues. Topics include Conceptual Framework for Financial Reporting, Fair Value Measurement, Property, Plant & Equipment, Intangible Assets & Goodwill, Impairment of Assets, Provisions and Contingencies,Leases, Income Taxes, Revenue from Contracts with Customers, Application of Accounting Theories.Students will be equipped with tools to guide ethical decision-making in a professional context. Students will undertake a research project to investigate how standards are applied by ASX- listed companies.