- Understand the various theoretical models of accounting
- To apply knowledge and understanding to specific financial reporting issues unit to AASB accounting
standards - Discuss the theoretical constructs of contemporary financial accounting
- Evaluate and explain the need for the development of a conceptual framework for accounting, and
discuss the influence of such a framework on accounting practice. - Understand the Australian accounting regulatory framework and the conceptual framework
- Be able to understand how to account for assets, non-current assets and liabilities
- Be able to calculate for revaluations and impairments of non-current assets, and then journalise
- Account for leases for both lessees and lessors.
- Account for company income taxes
- Accounting for extractive industries
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