Accounting Information for Reporting

The purpose of this subject is to equip students in the methods of recording and reporting transactions in accounting systems to enable informed decision making by external stakeholders. The focus is on the judgments and decisions accountants make in the preparation of financial reports for markets and society. This is underpinned by the principles of the Conceptual Framework for accounting, the contents of accounting standards and the reporting environment. Through an examination of contemporary debates and developments in reporting, students will explore the competing interests in financial reporting judgments, and the implications for the interpretation of accounting reports.