Trimester 1, 2023

This course is designed to help students critically review conceptual framework programmes for financial accounting and reporting; issues with the traditional financial reporting structure; the impact of the fair value model of accounting on issues related to revenue and expenses recognition, and the identification and measurement of assets and liabilities.  Students will also learn about evaluation and application of solvency test; and critical examination of accounting issues and techniques associated with specific industries and complex business structures.  Topics may include accounting in the construction, real estate development, finance and extractive industries; group accounts; segment reports; accounting for unicorporated associations; trading trusts; reporting problems arising from off-balance-sheet financing; pension accounting; foreign currency translation; accounting for heritage assets; accountability beyond the traditional accounting model; accountability through the directors’ and chief executive officers’ reports; corporate social responsibility; and social and environmental accounting.