The course examines a selection of advanced financial reporting issues associated with the measurement and disclosure of financial information, focusing on the application of the accounting principles and an evaluation of the related benefits and limitations. It provides a discussion of the development of corporate reporting environment in Australia and its challenges, and addresses the social and economic roles played by financial accounting and reporting. The course further analyses a range of advanced accounting issues including fair value measurement, share-based payments, segment reporting, specific industries, external administration and advanced topics relating to equity interests. Technical and theoretical aspects are considered.
Learning Outcomes
Upon successful completion, students will have the knowledge and skills to:
- Demonstrate an understanding of the Australian external reporting environment and its challenges.
- Demonstrate a deep and broad understanding of the objectives and social and economic roles played by financial accounting and reporting.
- Analyse, evaluate and interpret various advanced measurement and disclosure issues and other specialised topics pertaining to an economic entity.
- Apply main features of a selection of Australian accounting standards.
- Analyse complex issues in the topic, formulate well reasoned and coherent arguments and reach well considered conclusions.
Other Information
For 2024, BUSN6008 will be offered instead of BUSN7049. BUSN6008 is equivalent to BUSN7049.
Indicative Assessment
- Typical assessment may include, but is not restricted to, class participation, assignment(s), quizzes and examination(s) as appropriate to assess the learning outcomes of the course. (100) [LO 1,2,3,4,5]
The ANU uses Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. While the use of Turnitin is not mandatory, the ANU highly recommends Turnitin is used by both teaching staff and students. For additional information regarding Turnitin please visit the ANU Online website.
Workload
Students taking this course are expected to commit at least 10 hours a week to completing the work. This will include 3 hours per week in class and at least 7 hours a week on average (including non-teaching weeks) on course reading, research, writing and assignment work.
Inherent Requirements
Not applicable
Requisite and Incompatibility
Prescribed Texts
Information about the prescribed textbook (if any) will be made available via the Class Summary.
Fees
Tuition fees are for the academic year indicated at the top of the page.
Commonwealth Support (CSP) Students
If you have been offered a Commonwealth supported place, your fees are set by the Australian Government for each course. At ANU 1 EFTSL is 48 units (normally 8 x 6-unit courses). More information about your student contribution amount for each course at Fees.
- Student Contribution Band:
- 34
- Unit value:
- 6 units
If you are a domestic graduate coursework student with a Domestic Tuition Fee (DTF) place or international student you will be required to pay course tuition fees (see below). Course tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found at Fees.
Where there is a unit range displayed for this course, not all unit options below may be available.
| Units | EFTSL |
|---|---|
| 6.00 | 0.12500 |
Course fees
- Domestic fee paying students
| Year | Fee | Description |
|---|---|---|
| 2025 | $5280 | Standard Rate |
| 2025 | $3840 |
Grandfathered Rate*
*continuing students in nominated programs only. See fee website |
- International fee paying students
| Year | Fee |
|---|---|
| 2025 | $6720 |
Offerings, Dates and Class Summary Links
ANU utilises MyTimetable to enable students to view the timetable for their enrolled courses, browse, then self-allocate to small teaching activities / tutorials so they can better plan their time. Find out more on the Timetable webpage.