This unit explores the regulation of financial reporting, the role of participants in the financial reporting framework (financial report preparers, users and regulators) and the preparation of financial reports. The topics include when to recognise assets, liabilities, revenue and expenses and how to apply various measurement methods. -- Course Website
Prerequisites: [ACCT5432 Introductory Financial Accounting (or equivalent) or ACCT5602 Accounting (formerly MGMT8502 Accounting) (or equivalent)] and ACCT5511 Immediate Corporate Financial Accounting (or equivalent)