- Learn how to prepare, interpret and analyse financial statements
- Apply your knowledge of accounting standards to practical situations
- Work towards your Graduate Diploma of Chartered Accounting
Please note: This module is one of five modules delivered in the CA Program's accredited Graduate Diploma of Chartered Accounting course which is currently in teach out.
Expand and build your accounting knowledge
A thorough understanding of financial accounting is the foundation of an accountant’s work.
Succeed and progress your career by learning how to prepare, interpret and analyse financial statements in a diverse range of financial accounting and reporting situations.
This 12-week course will help you understand the underlying framework and concepts behind financial reporting to enable you to prepare financial statements with reference to the Accounting Standards and pronouncements.
It will also provide practical opportunities to apply your knowledge to a variety of realistic scenarios.
Topics covered include:
- how to present financial statements
- property, plant and equipment
- foreign exchange
- financial instruments
- share-based payments
- accounting for subsidiaries
- fair value measurement
- intangible assets
This course will advance your technical knowledge of financial reporting, and also develop broader business skills in problem solving, critical thinking, research and evaluation.
Course structure and format
This 12 week course is one of five compulsory modules of the Chartered Accountants Program.
Enjoy supported learning through an online learning platform and interactive resources, including:
- Online communities where you can network with other candidates
- Technical discussion forums where your questions will be answered by specialist Chartered Accountants
- Peer discussion forums
- Access to resources including a study guide, exam preparation series and materials
- Real-world worked examples and activities
- Virtual sessions and recordings which take you through real-world worked examples and activities based on integrated, complex scenarios
Additional face-to-face support is also 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.
Extra study support
Need extra support with your CA Program study? Find out more about CA Study MasterclassFind out more
What you need to know
Assessments for this module includes:
- Three online assessments throughout the module, which makes up 20% of your final result
- A final open book written exam that makes up 80% of your final result.
All candidates enrolled in this course are expected to have met the course entry requirements for the CA Program.
CA Program entry requirements.Read more
You will be expected to have a basic understanding of financial accounting and reporting from your undergraduate studies.
Prepare for your course by reading through the assumed knowledge section in the module outline.
Prescribed reading material
The required references for this module are the International Financial Reporting Standards (IFRS). They are required reading (as specified in each unit) and therefore examinable. You may also need to refer to them in the exam.
You have a choice on how to access these standards:
- Access the free online versions via the standard setter's website (International, Australian or New Zealand)
- Purchase the Financial Reporting Handbook as outlined below.
Please note, that the relevant soft copy versions of the Accounting Standards will be accessible to you during the computer-based exam and/or you may use the physical handbook during the exam.
You may choose to purchase one of the following:
Read the CA Program policies
Access CA Program policies to be informedProgram policies
Warning: This module is currently in teach out and is not open for new admissions. The information on this page is indicative. The module outline for a particular module, location and mode of offering is the authoritative source of all information about the module for that offering. Required texts, recommended texts and references in particular, are likely to change - refer to the module outline in the CA Program's LMS for details.
Want to enrol in the new CA Program?
Click here for subject descriptions of the new CA Program.