Financial Accounting and Reporting
UndergraduateTAS-BFA2032024
Previously TAS-BFA201
Course information for 2024 intake View information for 2025 course intake
Enrolments for this course are closed, but you may have other options to start studying now. Book a consultation to learn more.
- Study method
- 100% online
- Assessments
- Subject may require attendance
- Entry requirements
- Prior study needed
- Duration
- 14 weeks
- Loan available
- HECS-HELP and FEE-HELP available
Financial Accounting and Reporting
About this subject
On completion of this subject, the student should be able to:
- Apply relevant accounting standards to events and transactions and prepare financial statements, including consolidated financial statements
- Critically evaluate financial and non-financial disclosures such as sustainability reports published by organisations by utilising accounting theories
- Apply critical thinking, research and problem-solving skills to identify and solve problems and communicate recommendations using clear and concise language
- Demonstrate collaboration, cooperation and teamwork when solving problems and making decisions
- Extending accountability and accounting
- Accounting for impairment of assets
- Accounting for intangible assets
- Accounting policies, changes in accounting estimates and prior period errors
- Accounting for contingencies and provisions
- Accounting for revenue recognition
- Accounting for leases
- Accounting for income taxes
- Accounting for equity interests in other entities
- Consolidated financial statements
- Accounting for foreign currency transactions
- Accounting for financial instruments
This subject aims to expand students’ understanding of holistic accounting gained in their previous core accounting units, to develop and apply their accounting knowledge, skills and terminology in the context of broader notion of accounting that includes accountability and social and environmental accounting. In particular, students are introduced to a number of accounting standards, their broader applications, professional reporting requirements and changes taking place within the accounting environment, particularly with regard to International Financial Reporting Standards (IFRS), sustainability reporting, integrated reporting and integrated thinking. The consideration of the issues, activities and techniques in this subject will enhance the professional and technical skills students will need to perform effectively in the workplace as an accountant.
- Online Quiz via Respondus (35%)
- Invigilated Respondus Test (40%)
- Team Video (25%)
For textbook details check your university's handbook, website or learning management system (LMS).
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- 20
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- 19
Entry requirements
Prior study
You must either have successfully completed the following subject(s) before starting this subject, or currently be enrolled in the following subject(s) in a prior study period; or enrol in the following subject(s) to study prior to this subject:
one of
- TAS-BFA109-Applied Accounting Systems
TAS-BFA104-Accounting Context and Method (no longer available)
Please note that your enrolment in this subject is conditional on successful completion of these prerequisite subject(s). If you study the prerequisite subject(s) in the study period immediately prior to studying this subject, your result for the prerequisite subject(s) will not be finalised prior to the close of enrolment. In this situation, should you not complete your prerequisite subject(s) successfully you should not continue with your enrolment in this subject. If you are currently enrolled in the prerequisite subject(s) and believe you may not complete these all successfully, it is your responsibility to reschedule your study of this subject to give you time to re-attempt the prerequisite subject(s).
Additional requirements
- Other requirements - Teaching Arrangement: 2-hour fortnightly online Workshops starting in Week 2.
Study load
- 0.125 EFTSL
- This is in the range of 10 to 12 hours of study each week.
Equivalent full time study load (EFTSL) is one way to calculate your study load. One (1.0) EFTSL is equivalent to a full-time study load for one year.
Find out more information on Commonwealth Loans to understand what this means to your eligibility for financial support.
What to study next?
Once you’ve completed this subject it can be credited towards one of the following courses
Bachelor of Business (Accounting)
UndergraduateTAS-BAC-DEG
Bachelor of Business and Bachelor of Psychological Science
UndergraduateTAS-BPS-DEG
Bachelor of Business and Bachelor of Economics
UndergraduateTAS-BEC-DEG
Bachelor of Business and Bachelor of Science
UndergraduateTAS-BBS-DEG
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