CO6003:03
Accounting 3
Townsville
Prerequisites: CO6002
26 lectures, 26 tutorials. First and second semester.
Available only to Graduate Diploma of Accounting students.
The nature of alternative accounting models for profit and capital measurement and the theory and practice relevant to current issues in financial reporting in Australia.
Learning Objectives:
- demonstrate an understanding of the theoretical and practical aspects of alternative accounting models for profit and capital measurement in terms of changing prices;
- identify contemporary issues of concern to accountants in their consideration of appropriate accounting treatment of assets, liabilities, revenues and expense items;
- evaluate critically a selection of accounting regulations;
- describe and explain the underlying rationale for particular aspects of accepted practice in financial reporting;
- identify and evaluate possible future developments in financial accounting.
Assessment by examination/s.