ACC 701 Financial Accounting

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This ACC 701 Financial Accounting course is designed to help you understand how managers interpret and use external and internal reporting information to make decisions while considering the impact of international accounting standards, corporate governance, ethics and the environment. Specific topics include elements of financial reporting; methods of analysis and interpretation of financial statements; calculation of product costs; analysis of profit from the volume of costs; annual budget and capital budget; transfer pricing; and performance assessment systems.

This ACC 701 Financial Accounting course introduces students to specific topics related to financial reporting in Australia, Emphasize the recognition and measurement of assets and liabilities. It comprehensively covers Number of Australian International Financial Reporting Standards dealing with reporting issues in Specific areas (such as cash flow and income) as well as links to specific asset types and Liabilities (for example, intangible assets, share-based payments, leases and complex financial instruments). In addition, various proposals for enhanced disclosure and exogenous risks were considered financial reports.

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