Financial Accounting 2

10 Units

The course examines general purpose financial reporting from the perspective of a single incorporated entity. In doing so, the course emphasises the development of the knowledge, understanding and skills needed to interpret and apply accounting standards and procedures to solve accounting problems which companies encounter in practice.

Faculty Faculty of Business and Law
School Newcastle Business School
Availability Semester 1 - 2014 (Sydney Bathurst Street)
Semester 2 - 2014 (Sydney Bathurst Street)

Previously offered in 2013, 2012, 2011, 2010, 2009, 2008


On successful completion of this course, students will be able to:

  1. Demonstrate an understanding of the nature of the corporate entity and be aware of the concepts, statutory requirements and other authoritative influences that underpin accounting and reporting in the Australian regulatory environment.
  2. Illustrate an awareness of the relevant accounting standards, statutory requirements and disclosure requirements that impact on corporate accounting and the preparation and presentation of financial reports.
  3. Critically integrate and apply theoretical and technical accounting knowledge and skills to solve routine accounting problems.
  4. Explain the issues surrounding contemporary accounting controversies.
  5. Evaluate solutions for routine accounting problems in diverse contexts using social, ethical, economic, regulatory and global perspectives.

Topics included in this course include the following:

  1. Statutory reporting and disclosure requirements under the provisions of the Corporations Act, Australian Accounting Standards and Australian Stock Exchange Listing requirements;
  2. Accounting standards and the conceptual framework;
  3. Prepare financial records for corporations’ capital, operating, and acquisition activities;
  4. Measurement of non-current assets and liabilities;
  5. Theories of accounting;
  6. Preparing published financial statements; and
  7. Analysis and interpretation of financial statements.
Replacing Course(s) Nil
Transition Nil
Industrial Experience 0
Assumed Knowledge PACC6000 Financial Accounting 1
Modes of Delivery Internal Mode
Teaching Methods Lecture
Assessment Items
  • Essays / Written Assignments -
  • Examination: Formal - A three-hour final examination covering all topics.
  • Quiz - Class - Mid trimester quiz
Contact Hours
  • Lecture: for 3 hour(s) per Week for Full Term
Compulsory Components
  • Requisite by Enrolment: This course is only available to students enrolled in the Master of Professional Accounting, Master of Professional Accounting (Advanced) and Master of Professional Accounting/Master of Business.
Course Materials None listed
Timetable 2014 Course Timetables for PACC6004

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