BUSN7008 Financial Statements and Reporting

Offered By	School of Accounting & Business Info Systems
Academic Career	Graduate Coursework
Course Subject	Business
Offered in	First Semester, 2010, Second Semester, 2010, First Semester, 2011, and Second Semester, 2011
Unit Value	6 units
Course Description	This course covers fundamental issues relevant to the use of accounting information as a decision aid. Contents include accounting concepts, double entry and accrual systems of accounting, financial statements preparation and analysis.
Learning Outcomes	On satisfying the requirements for this course, students should have the knowledge and skills to: identify the main users of financial statements, and the main purposes for which the information is used; distinguish between cash and accrual accounting; distinguish between assets, liabilities, equity, income and expenses; prepare journal entries, post to ledger accounts and calculate closing balances, prepare a trial balance, prepare adjusting, reversing and closing entries; understand the different business structures available in Australia and their financial reporting requirements; understand and prepare the statement of comprehensive income, statement of financial position, statement of cash flow and statement of changes in equity, and analyse financial statements with regard to key aspects of performance such as profitability, liquidity and solvency.
Indicative Assessment	Tutorial participation 5% Assignment 15% Mid-semester test 30% Final examination 50% Total 100%
Workload	3 hours per week plus private study time You should be prepared to devote an average of 12 hours per week (including the non-teaching weeks) of private study in relation to this course.
Course Classification(s)	SpecialistSpecialist courses are designed for students having reached 'first degree' level of assumed knowledge, which provide for the acquisition of specialist skills; or 'second degree' and higher level of knowledge; or for transition to research training programs; or knowledge associated with professional accreditation. and TransitionalTransitional courses are designed for students from a broad range of backgrounds and learning achievements, which provide for the acquisition of generic skills; or an informed understanding of contemporary issues; or fundamental knowledge for transition to Advanced or Specialist courses.
Areas of Interest	Accounting, Commerce, and Finance
Eligibility	At least an average of 65% (or equivalent) in the final two years of an Australian undergraduate degree
Incompatibility	BUSN1001 Business Reporting and Analysis, BUSN1002 Accounting Processes and Systems, BUSN8181 Financial Reporting and Analysis.
Prescribed Texts	See Course Outline: http://ecocomm.anu.edu.au/courses/outline/BUSN7008.pdf
Preliminary Reading	See Course Outline: http://ecocomm.anu.edu.au/courses/outline/BUSN7008.pdf
Programs	Graduate Certificate in Accounting, Graduate Certificate in Accounting, Master of Business, Master of Commerce, Master of Professional Accounting, Master of Accounting, Master of Marketing, Master of Information Systems Studies, and Master of Business Information Systems
Other Information	For further information please refer to http://ecocomm.anu.edu.au/courses/course.asp?code=BUSN7008
Academic Contact	See http://ecocomm.anu.edu.au/courses/course.asp?code=BUSN7008

The information published on the Study at ANU 2010 website applies to the 2010 academic year only. All information provided on this website replaces the information contained in the Study at ANU 2009 website.