Description

This unit follows on directly from ACCG100 and ACCG105. The unit focus is on developing the theoretical constructs from the above units. Students are asked to consider definitional aspects of revenues, expenses, assets and liabilities and to further analyse recognition criteria and judgement in reporting. Using the conceptual framework and the qualitative characteristics of effective information students prepare and analyse information to enhance their ability to produce relevant, reliable, material, understandable and comparable information. In practical terms the statement of cashflows and ratio analysis becomes an important base for students to develop analytical skills.