Contemporary Financial and Integrated Reporting - 2016

To enrol in this unit, you must be accepted into a course from the provider. Read before you start

Unit summary

MPAC30

  • Level of Study: Postgraduate
  • Study load: 0.125 EFTSL
  • Delivery method: Fully Online
  • Prerequisites: Yes
  • Duration: 13 weeks
  • Government loans available: FEE-HELP
  • Availability for 2016: Sess 2
  • Availability for 2017: Sess 2 , Sess 3
  • Assessment: Assignment 1 - Individual Research Review (10%) , Assignment 2 - Case Study Group Assignment (30%) - Learn more

Unit provided by

or
2016 Fees
AUD$
Domestic 2,760.00
International 3,010.00

Please note: This unit was previously titled Financial Reporting and Regulation.

This unit provides an  overview of the Australian financial reporting and regulatory framework for reporting entities, including an analysis of the relevant significant accounting standards, with reference  to the conceptual framework for financial reporting, legal and stock exchange requirements for financial reporting and presentation by all Australian business entities.

This unit aims to develop capabilities to work as an independent individual and/ or effectively in a group to produce professional quality research reports; effective individual technical skills to construct consolidated financial statements, problem solving and provide justification for the their decisions by making references to relevant accounting standards and communicate them to relevant stakeholders.

Financial Reporting and Regulation is a compulsory core unit in the Masters of Professional Accounting degree and is required for membership of CPA Australia and the ICAA for all business students seeking this form of professional recognition.

At the completion of this unit you will be able to:

  1. explain, discuss and integrate the technical and theoretical knowledge about the regulatory environment relating to Australian corporate accounting and reporting; and apply the relevant concepts to "real life business" situations
  2. identify, discuss, evaluate and apply the relevant accounting standards relating to definition, recognition, measurement and disclosure requirements of a reporting entity's assets, liabilities, equity, income and expenses
  3. explain, discuss and evaluate the issues involved in accounting for investment in subsidiaries; and apply this knowledge in preparing group accounts
  4. apply and demonstrate the appropriate technical knowledge in analysing company accounting information and problem solving, provide justification for their decisions by making references to relevant accounting standards and communicate them to relevant stakeholders
  5. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with company reporting and demonstrate these skills in a variety of assessment tasks on the topics covered in MPAC30.
  • Assignment 1 — Individual Research Review (10%)
  • Assignment 2 — Case Study Group Assignment (30%)
  • Invigilated Exam — Final Examination (50%)
  • Online Discussion — Discussion Board Postings (10%)
For more information on invigilated exams see Exams and results

Recommended prerequisites

You are recommended to have completed the following unit(s) or have equivalent knowledge before starting this unit:

  • Broadband access

In order to enrol in this unit, you must be accepted into one of the following courses:

Please visit the course details page and read the Requirements tab for more information about eligibility.

This unit addresses the following topics.

NumberTopic
1Regulation and the Australian Reporting Environment
2Conceptual Framework
3Accounting for Property, Plant, and Equipment
4Accounting for Intangible Assets
5Accounting for Leases
6Accounting for Income Tax
7Accounting for Group Structures: Introduction
8Accounting for Group Structures: Intragroup Transactions
9Accounting for Group Structures: Non-controlling interests
10Integrated Reporting 1
11Integrated Reporting 2
12Revision

This unit is delivered using the following methods and materials:

Instructional Methods

  • Blogs
  • Discussion Forum/Discussion Board
  • Online Quizzes/Tests
  • Online assignment submission
  • Podcasting/Lecture capture
  • Standard Media
  • Web links
  • Wikis

This unit is a core requirement in the following courses:

This unit may be eligible for credit towards other courses:

  1. Many undergraduate courses on offer through OUA include 'open elective' where any OUA unit can be credited to the course. You need to check the Award Requirements on the course page for the number of allowed open electives and any level limitations.
  2. In other cases, the content of this unit might be relevant to a course on offer through OUA or elsewhere. In order to receive credit for this unit in the course you will need to supply the provider institution with a copy of the Unit Profile in the approved format, which you can download here. Note that the Unit Profile is set at the start of the year, and if textbooks change this may not match the Co-Op textbook list.

Textbooks are subject to change within the academic year. Students are advised to purchase their books no earlier than one to two months before the start of a unit.

Click on the titles of the listed books below to find out more:

Required textbooks

  • Australian Financial Accounting

    By:Craig Deegan

    ISBN: 9780071012409

    Format:Print

    Supplier:Go to The Co-op Bookshop


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