CPA FINANCIAL REPORTING

ACC5FRP

2019

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 Must have completed 180 credit points of subjetcs as per the course structure in either LMCPA or LMFAN and seek subject co-ordinator's approval..

Co-requisitesN/A

Incompatible subjectsN/A

Equivalent subjectsN/A

Special conditions All students enrolling in the CPA Professional subjects must first enroll with CPA Australia and provide evidence of associate membership with CPA Australia. 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 in lieu of a supplementary exam. All CPA Australia exams are at the student#s own cost, exam payments must be made directly to CPA Australia. Students choosing to Exit after satisfactorily completing any four LBS Subjects (60 CP) may exit with a Graduate Certificate in Business. Students choosing to Exit after satisfactorily completing any eight LBS Subjects (120 CP) may exit with a Graduate Diploma in Business. 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, 2019, Semester 1, Night

Overview

Online enrolmentNo

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorBalachandran Muniandy

Class requirements

Seminar Week: 10 - 22
Seven 3.0 hours seminar per study period on weekdays at night from week 10 to week 22 and delivered via face-to-face.
"Taught as seven 3-hour face-to-face seminars, plus online material from CPA Australia. Seminar timing will be aligned to match CPA Australia exam dates."

Assessments

Assessment elementComments% ILO*
CPA Final Exam (3 hours 15 minutes) (3250 words)The 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.70 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 Exam where case study analysis is an important element of the subject.20 01, 02, 03
Two in-class case studies (250 words each)Students will be attempting the in-class assessment during the workshop for the selected topics. This will give them an experience to work on a piece of assessment within a required time frame.10 01, 02, 03