CPA FINANCIAL REPORTING

ACC5FRP

2020

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.

School: La Trobe Business School (Pre 2022)

Credit points: 15

Subject Co-ordinator: Balachandran Muniandy

Available to Study Abroad/Exchange Students: Yes

Subject year level: Year Level 5 - Masters

Exchange Students: No

Available as Elective: No

Learning Activities: N/A

Capstone subject: No

Subject particulars

Subject rules

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

Co-requisites: N/A

Incompatible subjects: N/A

Equivalent subjects: N/A

Quota Management Strategy: N/A

Quota-conditions or rules: N/A

Special conditions: All students enrolling in the CPA Professional subjects must first enrol 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 students 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.

Minimum credit point requirement: N/A

Assumed knowledge: N/A

Learning resources

Study Guide

Resource Type: Other resource

Resource Requirement: Prescribed

Author: CPA Australia

Year: N/A

Edition/Volume: N/A

Publisher: CPA Australia

ISBN: N/A

Chapter/article title: N/A

Chapter/issue: N/A

URL: N/A

Other description: N/A

Source location: N/A

Career Ready

Career-focused: No

Work-based learning: No

Self sourced or Uni sourced: N/A

Entire subject or partial subject: N/A

Total hours/days required: N/A

Location of WBL activity (region): N/A

WBL addtional requirements: N/A

Graduate capabilities & intended learning outcomes

Graduate Capabilities

DISCIPLINE KNOWLEDGE AND SKILLS

INQUIRY AND ANALYSIS - Creativity and Innovation

INQUIRY AND ANALYSIS - Critical Thinking and Problem Solving

INQUIRY AND ANALYSIS - Research and Evidence-Based Inquiry

PERSONAL AND PROFESSIONAL - Adaptability and Self-Management

PERSONAL AND PROFESSIONAL - Ethical and Social Responsibility

Intended Learning Outcomes

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

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

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

Melbourne (Bundoora), 2020, Week 06-24, Night

Overview

Online enrolment: No

Maximum enrolment size: N/A

Enrolment information: N/A

Subject Instance Co-ordinator: Balachandran Muniandy

Class requirements

SeminarWeek: 6 - 18
One 3.00 hours seminar per week on weekdays at night from week 6 to week 18 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 element	Comments	Category	Contribution	Hurdle	%	ILO*
CPA Final Exam (3 hours 15 minutes) (3500 word equivalence). Hurdle requirement: Students must pass the matching CPA Program Exam to be eligible to pass this subject. 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.	N/A	Central exam	Individual	Yes	70	SILO1, SILO2, SILO3
Individual Case Study Assignment (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.	N/A	Assignment	Individual	No	20	SILO1, SILO2, SILO3
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.	N/A	Other	Individual	No	10	SILO1, SILO2, SILO3

Melbourne (Bundoora), 2020, Week 29-43, Night