CPA FINANCIAL REPORTING

ACC5FRP

2018

Credit points: 15

Subject outline

This subject is designed to provide you with financial reporting and business skill that are applicable in an international professional environment. This subject is based on the International Financial Reporting Standards (IFRSs) and many international jurisdictions have adopted or progressively adopting the IFRSs. Financial reporting provides users with information to formulate corporate strategies, business plans and leadership initiatives. The primary aim of this subject is to provide you with globally transferable skills to prepare a set of general purpose financial statements. It also will provide effective financial analytical skills and the ability to comprehend and use a stock -exchange listed entity's financial statement. This subject's technical contents includes linkages with other subjects in the program. The boundaries of the syllabus do not restrict the knowledge expected in a professional environment and you are encouraged to learn beyond the syllabus.


SchoolLa Trobe Business School

Credit points15

Subject Co-ordinatorBalachandran Muniandy

Available to Study Abroad StudentsYes

Subject year levelYear Level 5 - Masters

Exchange StudentsYes

Subject particulars

Subject rules

Prerequisites Minimum WAM of 60% in 8 of the 9 core MPA subjects

Co-requisitesN/A

Incompatible subjectsN/A

Equivalent subjectsN/A

Special conditions All students enrolling in the CPA Professional subjects will be required to enrol concurrently with CPA in order to sit the CPA final exams, at their cost. The final exam for the CPA professional subjects is the official CPA professional accreditation exam set and graded by CPA Australia. Students failing to pass this exam on the first attempt will be offered a second attempt (at their cost) in lieu of a supplementary exam. Students enrolled in the course who fail to achieve the 60% WAM for 8 of the 10 core MPA subjects, will be able to transfer into the generic MPA degree. Students failing to satisfactorily complete all six CPA subjects will be able to transfer to complete the generic MPA, where completed CPA subjects will count towards the elective subjects of that degree.

Readings

Resource TypeTitleResource RequirementAuthor and YearPublisher
Discipline SpecificStudy GuidePrescribedCPA AustraliaCPA Australia
ReadingsBlended materialRecommendedLa Trobe UniversityLa Trobe University

Graduate capabilities & intended learning outcomes

01. Summarise the application and basis of selected IFRSs issued by IASB

Activities:
Lecture, workshop and online material
Related graduate capabilities and elements:
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Personal and Professional Skills (Autonomy and independence,Ethical behaviour)
Personal and Professional Skills (Autonomy and independence,Ethical behaviour)
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

02. Apply IFRSs in the preparation of general purpose financial statement

Activities:
Lecture, workshop and online material
Related graduate capabilities and elements:
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Personal and Professional Skills (Autonomy and independence,Ethical behaviour)
Personal and Professional Skills (Autonomy and independence,Ethical behaviour)
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

03. Recognise and differentiate details relating to general purpose financial statements

Activities:
Lecture, workshop and online material
Related graduate capabilities and elements:
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Personal and Professional Skills (Autonomy and independence,Ethical behaviour)
Personal and Professional Skills (Autonomy and independence,Ethical behaviour)
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

Subject options

Select to view your study options…

Start date between: and    Key dates

Melbourne, 2018, Week 29-43, Day

Overview

Online enrolmentNo

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorBalachandran Muniandy

Class requirements

Lecture/Workshop Week: 29 - 41
One 3.0 hours lecture/workshop per week on weekdays at night from week 29 to week 41 and delivered via face-to-face.
"One 3-hour face-toface lecture/ workshop per week for 12 weeks plus online material from CPA Australia. Classes at 5pm (Monday-Thursday only)."

Assessments

Assessment elementComments% ILO*
CPA Final Exam (3 hours 15 minutes)Conducted by CPA In W42-W44. CPA Program Exams are of three hours and 15 minutes duration. CPA Program exams are open book. As this exam forms part of a professional qualification, the required level of performance is high. Candidates are required to achieve a passing scale score of 540 in all CPA Program exams. Further information about scaled scores and exam results is available at: cpaaustralia.com.au/ c50 01, 02, 03
Individual Case Study Assignment (One, 1,000 words)Students will conduct in-depth analysis of case studies and prepare a report which is to be submitted via LMS. This will assist students to prepare for the CPA Final Exam where case study analysis is an important element of the subject. it is an individual assessment.20 01, 02, 03
Online Quizzes (Best 10 of 12, each quiz has10 questions)The results will be published on LMS with feedback30 01, 02, 03

Melbourne, 2018, Week 08-23, Day

Overview

Online enrolmentNo

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorBalachandran Muniandy

Class requirements

Lecture/Workshop Week: 08 - 20
One 3.0 hours lecture/workshop per week on weekdays at night from week 08 to week 20 and delivered via face-to-face.
"One 3-hour face-toface lecture/ workshop per week for 12 weeks plus online material from CPA Australia. Classes at 5pm (Monday-Thursday only)."

Assessments

Assessment elementComments% ILO*
CPA Final Exam (3 hours 15 minutes)Conducted by CPA In W42-W44. CPA Program Exams are of three hours and 15 minutes duration. CPA Program exams are open book. As this exam forms part of a professional qualification, the required level of performance is high. Candidates are required to achieve a passing scale score of 540 in all CPA Program exams. Further information about scaled scores and exam results is available at: cpaaustralia.com.au/ c50 01, 02, 03
Individual Case Study Assignment (One, 1,000 words)Students will conduct in-depth analysis of case studies and prepare a report which is to be submitted via LMS. This will assist students to prepare for the CPA Final Exam where case study analysis is an important element of the subject. it is an individual assessment.20 01, 02, 03
Online Quizzes (Best 10 of 12, each quiz has10 questions)The results will be published on LMS with feedback30 01, 02, 03