James Cook University Subject Handbook - 2002

CO3011:04

Financial Accounting 2

Townsville, Cairns

HECS Band 2

26 hours lectures, 12 hours tutorials, 12 hours workshops. Semester 2.

The theory and practice relevant to current issues in financial reporting in Australia.

Learning Objectives:

  1. identify contemporary issues of concern to accountants in their consideration of appropriate accounting treatment of assets, liabilities, revenues and expense items;
  2. evaluate critically a selection of accounting regulations;
  3. describe and explain the underlying rationale for particular aspects of accepted practice in financial reporting;
  4. identify and evaluate possible future developments in financial accounting.

Assessment by assignment (10%); on-course test (20%); final examination (70%).