This course provides you with an understanding of the revised financial reporting framework in Australia as well as analysis of a number of key disclosures required in general purpose financial statements.
Description
This course provides you with an understanding of the revised financial reporting framework in Australia as well as analysis of a number of key disclosures required in general purpose financial statements.
Key Topics:
- Background and history
- Catalyst for change
- Revised Australian financial reporting framework: for-profit entities
- Comparing 2 tiers of general purpose financial statements
- Timing of the changes
- Australian general and special purpose financial statements and not-for-profit entities
This course consists of one online course, a downloadable PDF learning manual and one online assessment.
Learning objectives
- Interpret the financial reporting framework in Australia.
- Analyse a number of entities to determine the type of financial statements they need to prepare.
- Explain some of the key disclosure requirements in general purpose financial statements.
- Compare the differences between Tier 1 and Tier 2 reporting for the key disclosure requirements.
- Analyse a number of disclosures for a case study entity.
Audience
This course is specifically designed for finance and accounting professionals who are involved in:
- external reporting
- financial management
- management accounting
- financial accounting.