Financial Accounting 3

Description

This course builds upon AC2530 Financial Accounting 2. The aim is to further develop practical and analytical accounting skills through the knowledge and understanding of controversial financial accounting and reporting issues, facilitating the ability to critically appraise current financial and non-financial reporting practice. Building upon AC2530 Financial Accounting 2, the course employs theoretical frameworks applicable to financial reporting. Conceptual frameworks and income measurement are used to critically evaluate the accounting treatment of assets and liabilities and the measurement of corporate performance with particular emphasis being placed upon controversial financial accounting and reporting issues. The interaction between financial and non-financial reporting of corporate performance is considered by developing knowledge of non-financial reporting requirements relating to social, environmental, and sustainability reporting landscapes.