UWA Handbook 2017

Unit details

ACCT5531 Financial Accounting: Theory and Practice

Credit 6 points
  Offering
(see Timetable)
AvailabilityLocationMode
Semester 1UWA (Perth)Face to face
Semester 2UWA (Perth)Face to face
Content This unit explores the regulation of financial reporting, the role of participants in the financial reporting framework (financial report constructors, users and regulators) and the preparation of financial reports. The topics include when to recognise assets, liabilities, revenue and expenses and how to apply various measurement methods.
Outcomes Students are able to (1) identify and apply select accounting standards and understand the theories, practices and regulation related to the preparation and presentation of financial reports; (2) critically evaluate and solve advanced accounting problems as an individual and in a team environment; (3) ability to conduct research into accounting issues; (4) demonstrate an ability to work in a diverse team to achieve team goals; (5) reflect on performance feedback to identify and action learning opportunities and self-improvements.; and (6) demonstrate the ability to produce clear and concise written communication in a complex accounting context to accountants and non-accountants..
Assessment Typically this unit is assessed in the following ways: (1) research assignment; (2) final examination; and (3) team based tests (Readiness Assurance Test). Further information is available in the unit outline.

Supplementary assessment is not available in this unit.
Unit Coordinator(s) Ms Thanesvary Subraamanniam
Unit rules
Prerequisites: ACCT5432 Introductory Financial Accounting; and ACCT5511 Intermediate Corporate Financial Accounting
Contact hours lectures/seminars/workshops: up to 3 hours per week
Unit OutlineSemester 1 : http://www.unitoutlines.biz.uwa.edu.au/Units/ACCT5531/SEM-1/2017
Semester 2 : http://www.unitoutlines.biz.uwa.edu.au/Units/ACCT5531/SEM-2/2017

  • The availability of units in Semester 1, 2, etc. was correct at the time of publication but may be subject to change.
  • All students are responsible for identifying when they need assistance to improve their academic learning, research, English language and numeracy skills; seeking out the services and resources available to help them; and applying what they learn. Students are encouraged to register for free online support through GETSmart; to help themselves to the extensive range of resources on UWA's STUDYSmarter website; and to participate in WRITESmart and (ma+hs)Smart drop-ins and workshops.
  • Books and other material wherever listed may be subject to change. Book lists relating to 'Preliminary reading', 'Recommended reading' and 'Textbooks' are, in most cases, available at the University Co-operative Bookshop (from early January) and appropriate administrative offices for students to consult. Where texts are listed in the unit description above, an asterisk (*) indicates that the book is available in paperback.