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.

SchoolLa Trobe Business School

Credit points15

Subject Co-ordinatorN/A

Available to Study Abroad/Exchange StudentsYes

Subject year levelYear Level 5 - Masters

Available as ElectiveNo

Learning ActivitiesN/A

Capstone subjectNo

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-requisitesN/A

Incompatible subjectsN/A

Equivalent subjectsN/A

Quota Management StrategyN/A

Quota-conditions or rulesN/A

Special conditionsAll 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 requirementN/A

Assumed knowledgeN/A

Readings

Study Guide

Resource TypeOther resource

Resource RequirementPrescribed

AuthorCPA Australia

YearN/A

Edition/VolumeN/A

PublisherCPA Australia

ISBNN/A

Chapter/article titleN/A

Chapter/issueN/A

URLN/A

Other descriptionN/A

Source locationN/A

Career Ready

Career-focusedNo

Work-based learningNo

Self sourced or Uni sourcedN/A

Entire subject or partial subjectN/A

Total hours/days requiredN/A

Location of WBL activity (region)N/A

WBL addtional requirementsN/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

Subject options

Select to view your study options…

Start date between: and    Key dates

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

Overview

Online enrolmentNo

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorBalachandran Muniandy

Class requirements

Seminar Week: 6 - 18
One 3.00 h 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 elementCommentsCategoryContributionHurdle% 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/AN/AN/AYes70 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/AN/AN/ANo20 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/AN/AN/ANo10 SILO1, SILO2, SILO3

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

Overview

Online enrolmentNo

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorBalachandran Muniandy

Class requirements

Seminar Week: 30 - 42
One 3.00 h seminar per week on weekdays at night from week 30 to week 42 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 elementCommentsCategoryContributionHurdle% 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/AN/AN/AYes70 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/AN/AN/ANo20 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/AN/AN/ANo10 SILO1, SILO2, SILO3