Introduction
This unit aims to expand students’ understanding of holistic accounting gained in their previous core accounting units, to develop and apply their accounting knowledge, skills and terminology in the context of broader notion of accounting that includes accountability and social and environmental accounting. In particular, students are introduced to a number of accounting standards, their broader applications, professional reporting requirements and changes taking place within the accounting environment, particularly with regard to International Financial Reporting Standards (IFRS). The consideration of the issues, activities and techniques in this unit will enhance the professional and technical skills students will need to perform effectively in the workplace as an accountant.
Summary
| Unit name | Financial Accounting and Reporting |
| Unit code | BFA203 |
| Credit points | 12.5 |
| College/School | Tasmanian School of Business and Economics |
| Discipline | Accounting |
| Coordinator | Doctor Amrinder Khosa |
| Available as an elective? | Yes |
| Delivered By | University of Tasmania |
| Level | Intermediate |
Availability
Specific information on 2027 unit availability will be available in August
Learning Outcomes
- Apply relevant accounting standards to events and transactions and prepare financial statements
- Critically evaluate financial and non-financial disclosures published by organisations
- Apply critical thinking, research and problem-solving skills to identify, analyse and solve problems
- Communicate recommendations clearly and concisely to a wide range of stakeholders
Fee Information
2027 fee information will be available in August.
Requisites
Prerequisites
BFA109 or BFA104Teaching
| Teaching Pattern | 1 hour weekly workshop starting in week 1. |
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| Assessment | Team Video (25%)|Mid Semester Exam (35%)|Final Exam (40%) |
| Timetable | View the lecture timetable | View the full unit timetable |
Textbooks
| Required |
You will need the following text: Deegan, C. 2020, Financial Accounting, 9th edition, McGraw Hill, NSW. |
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The University reserves the right to amend or remove courses and unit availabilities, as appropriate.