Last chance to study this subject for 2025—enrol by 13 July
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Contemporary Financial Accounting and Reporting
PostgraduateTAS-BFA6052025
- Study method
- 100% online
- Assessments
- 100% online
- Enrol by
- 13 July 2025
- Entry requirements
- Part of a degree
- Duration
- 14 weeks
- Start dates
- 24 Feb 2025,
- 21 July 2025
- Price from
- $3,128
- Upfront cost
- $0
- Loan available
- FEE-HELP available
Contemporary Financial Accounting and Reporting
About this subject
Upon completion of this subject, the student should be able to:
- Integrate contemporary technical and theoretical accounting knowledge in the preparation and analysis of business reports.
- Recommend and communicate solutions to diverse audiences using accounting principles and International Financial Reporting standards in contemporary business contexts.
- Critically evaluate peer contributions and synthesise feedback to enhance collective work, fostering meaningful improvements and integrating diverse ideas collaboratively.
- Week 1 - Regulatory theory, the nature and regulation of companies
- Week 2 - Revaluations and impairment testing of non-current assets
- Week 3 - Accounting for intangibles
- Week 4 - Assignment preparation
- Week 5 - Accounting for leases
- Week 6 - Statements of other comprehensive income and changes in equity
- Week 7 - Assessments
- Week 8 - Accounting for income taxes
- Week 9 - Group Structures 1
- Week 10 - Group structures 2
- Week 11 - Foreign currency
- Week 12 - Accounting for investments in associates and joint ventures
- Week 13 - Revision
This subject builds on the skills and knowledge from BFA507 Accounting and Accountability for Decision Making. It examines financial accounting theory and practice, addressing complex corporate issues. In this subject, you will critically evaluate professional and ethical decision-making, integrating sustainability standards. You will apply International Financial Reporting Standards (IFRS) to record and report transactions for various entities, including companies and groups, and analyse detailed financial reports of listed entities. This comprehensive approach equips you with the skills to perform effectively as a financial accountant, emphasising sustainability and ethical practices in a team-based environment.
- Mid-Semester Test (25%)
- Peer Review (15%)
- Case study (40%)
- Group Poster Presentation (20%)
For textbook details check your university's handbook, website or learning management system (LMS).
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Entry requirements
Part of a degree
To enrol in this subject you must be accepted into one of the following degrees:
Core
- TAS-MPA-MAS-2025 - Master of Professional Accounting
- TAS-PFA-GDI-2025 - Graduate Diploma of Professional Accounting
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:
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: This subject is delivered through 4 x 3-hour workshops, with a 1-hour workshop in Week 1 as an orientation workshop.
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.
Related degrees
Once you’ve completed this subject it can be credited towards one of the following courses
Master of Professional Accounting
PostgraduateTAS-MPA-MAS
Graduate Diploma of Professional Accounting
PostgraduateTAS-PFA-GDI