Elective: Advanced Financial Reporting
Extend your technical financial reporting knowledge and professional skills
In Brief
- Apply your financial reporting knowledge to complex transactions and events
- Practise in real-world, simulated experiences
- Work towards your Graduate Diploma of Chartered Accounting
Subject description
Advanced Financial Reporting extends your technical financial reporting knowledge and professional skills by building on your knowledge and skills from the core Financial Accounting and Reporting subject, which is a prerequisite. You’ll learn how to account for more complex transactions and events, including the application of professional judgement, accounting policy choice and/or estimation. Throughout this subject, you’ll undertake activities and an assessment that simulate real-world experiences and challenges, including researching complex financial reporting issues, evaluating developments that impact the financial reporting environment and effectively communicating recommendations to stakeholders.
Topics covered
- Advanced practical application of common accounting standards
- Advanced issues in group accounting
- Solving accounting issues in practice.
Subject learning outcomes
On completion of this subject, you will be able to:
- Apply technical knowledge to complex transactions and events to enable the preparation of financial statements in accordance with International Financial Reporting Standards (IFRS) or local equivalents, and applicable legislation
- Research complex financial reporting issues to advise on appropriate accounting treatments
- Evaluate relevant developments that impact the financial reporting environment and make recommendations
Course structure and format
This 7-week course is one of a pool of elective subjects for the Graduate Diploma of Chartered Accounting.
Enjoy supported learning via an online learning platform and interactive resources, featuring:
- Online communities for networking with peers
- Technical discussion forums with specialist Chartered Accountants
- Peer discussion forums
- Comprehensive study materials and assessment preparation resources
- Real-world case studies, examples and activities
CA Study Masterclass
Additional support is available through our popular CA Study Masterclass. These optional workshops can help you stay on track with your learning and prepare for assessments and the final exam.
Find out moreWhat you need to know
Important subject download
Please note: The course information shown here is indicative only. For each term, the official subject outline, including reading materials, assessment requirements, and other key details, will be provided to enrolled students through the My Capability Learn portal. The official subject outline may contain updates or changes to the information displayed here and serves as the authoritative reference for all course matters.
