Institutional and Conceptual Framework for Financial Reporting
24/07/2013
Overview of ACCT2011
Institutional and Conceptual Framework for Financial Reporting
Week 1 Lecture
Schedule of weekly topics › UoS Outline Assessment › Mid-semester test (7 Sep 2013) 40% 60% › Final exam (final exam period)
ACCT2011 Financial Accounting A Dr Eagle Zhang
› Please note: You must achieve at least 40% in the final exam to pass the unit AND get an overall mark of 50% or more.
1 4
Overview of ACCT 2011 1. Applying specific accounting standards:
• interpreting (reading & understanding) • technical skills (calculations, journal entries, presentation in financial statements) • recognition and di l iti d disclosure
Overview of ACCT2011
2. Evaluating specific accounting standards in relation to:
• accounting concepts • other accounting standards • accounting theory • public interest
Reading material › “Issues in Financial Accounting” 14th ed., 2011 › Accounting handbook 2013 › (material can be freely downloaded from the AASB site) it ) › Other readings may be provided through library website (on-line course readings) or as instructed on Blackboard All weekly readings are examinable.
2 5
Overview of ACCT 2011
Overview of ACCT6001 Feedback › Marked midterm test: general comments to class › Marked midterm test: review in designated times › Marked final exam: review in designated time › Other forms of feedback provided on an on-going basis Please Note › Discipline policy does not allow us to provide exam solutions to students
How will you learn:
› Lectures › Tutorials › Self-study questions › Consultation › Blackboard › On your own
- Not all topics can be covered comprehensively in class, so you will need to work independently at times.
3
6
1
24/07/2013
Some key issues: Use this as a resource throughout the unit 3. You will think more about accounting measurement: - What measurements are allowed in the standards you study and why do these differences exist? - What is the impact of these
Overview of ACCT2011
Institutional and Conceptual Framework for Financial Reporting
Week 1 Lecture
Schedule of weekly topics › UoS Outline Assessment › Mid-semester test (7 Sep 2013) 40% 60% › Final exam (final exam period)
ACCT2011 Financial Accounting A Dr Eagle Zhang
› Please note: You must achieve at least 40% in the final exam to pass the unit AND get an overall mark of 50% or more.
1 4
Overview of ACCT 2011 1. Applying specific accounting standards:
• interpreting (reading & understanding) • technical skills (calculations, journal entries, presentation in financial statements) • recognition and di l iti d disclosure
Overview of ACCT2011
2. Evaluating specific accounting standards in relation to:
• accounting concepts • other accounting standards • accounting theory • public interest
Reading material › “Issues in Financial Accounting” 14th ed., 2011 › Accounting handbook 2013 › (material can be freely downloaded from the AASB site) it ) › Other readings may be provided through library website (on-line course readings) or as instructed on Blackboard All weekly readings are examinable.
2 5
Overview of ACCT 2011
Overview of ACCT6001 Feedback › Marked midterm test: general comments to class › Marked midterm test: review in designated times › Marked final exam: review in designated time › Other forms of feedback provided on an on-going basis Please Note › Discipline policy does not allow us to provide exam solutions to students
How will you learn:
› Lectures › Tutorials › Self-study questions › Consultation › Blackboard › On your own
- Not all topics can be covered comprehensively in class, so you will need to work independently at times.
3
6
1
24/07/2013
Some key issues: Use this as a resource throughout the unit 3. You will think more about accounting measurement: - What measurements are allowed in the standards you study and why do these differences exist? - What is the impact of these