HA 3011 Advanced Financial Accounting
HA3011Advanced Financial Accounting Online Tutoring
Purpose of the assessment
Students are required to, follow the instructions by your lecturer to confirm any relevant information. You also need to follow any relevant announcement on Blackboard that confirm the date and time. The individual assignment will assess students on the following LOs;
1. On understanding of the various theoretical models of accounting
2. On applying knowledge and understanding to specific financial reporting issues to AASB accounting standards
3. On discussing the theoretical constructs of contemporary financial accounting
4. On evaluating and explaining the need for the development of a conceptual framework for accounting, and discuss the influence of such a framework on accounting practice.
5. On Understanding of the Australian accounting regulatory framework and the conceptual framework
6. On understanding of how to account for assets, non-current assets and liabilities
7. Be able to calculate for revaluations and impairments of non-current assets, and then journalize, and
8. Account for leases for both lessees and lessors.
Online Tutorings’ Instructions and Requirements
In the excel file “Find Your Company” you will find the listed company you have been allocated for this course. This file will be made available on Friday of Week 4. Complete this assignment for the company you have been allocated. Please be careful to use the listed company you have been allocated. Your assignment will not be marked if you use a different company to the one you have been allocated; and you will be asked to resubmit your assignment using the right company. Go to the website of your company in the list of companies in the file “Find Your Company”. Then go to the Investor Relations section of the website. This section may be called, “Investors”, “Shareholder Information” or similar name. In this section, go to your firm’s annual reports and save to your computer your firm’s latest annual report. For example, these may be dated 30 June 2018 or 31 March 2019. Do not use your firm’s interim financial statements or their concise financial statements. You are need to do the following tasks: Please read the relevant footnotes of your firm’s financial statements carefully and include information from these footnotes in your answer.
Required: ▪
From the annual report of your allocated company and in addition, to providing examples, define, describe and critically discuss the objectives of general purpose financial reporting (GPFR)? Which objective appears to have been included within existing conceptual framework project? and identify if your allocated company’s report is a GPFR and if the objectives of GPFR are achieved by your company?
HA3011Advanced Financial Accounting
Advanced financial accounting provides financial reporting and business skills that seems useful in international professional environment. The course HA3011 Advanced Financial Accounting expands existing financial accounting knowledge and skills. It is based on International Financial Reporting Standards (IFRSs) that is issued by International Accounting Standards Board (ISAB). Advanced financial accounting gives information for corporate leadership, and the financial reporting skills enable to deliver business advice to board director, shareholders, analyst, creditors or others. It is a significant part of entities accountability and governance process, and the issues covered in governance and ethics. Compliance with IFRS results in presentation of fair stated financial statements.
The course HA3011 Advanced financial accounting format lines up with key knowledge area of accounting theory for accounting professional accreditation bodies such as Institute of Chartered Accounting Australia (ICAA) and Certified Public Accountant (CPA). The subject requires appreciation of accounting theories and developing critical and technical skills to work on financial reporting. It examines different theories that inspect and evaluate the role of financial accounting in decision making, also hypothetically appraise financial accounting regulation and practice. Moreover, the contemporary issues that include convergence with international financial reporting standards, conceptual framework and corporate sustainability reporting are inspected in context of different accounting theories that includes positive and normative accounting theories.
The assessment is usually in the form of report writing that requires incorporating theoretical models of accounting, financial reporting using international accounting standards, discussion of theoretical constructs of modern international financial accounting and evaluation of accounting practice using Australian accounting regulatory framework. Many of the task also demands calculation for impairments and revaluation of non-current assets.
Get The Help Of Our Learned Advanced Financial Accounting Online Tutors
The course HA3011 Advanced Financial Accounting covers financial reporting and accounting methods under relevant accounting standard. The report writing in this course calls for preparing, analyzing and evaluating consolidated financial statements under accounting regulatory framework. Many of the research writing assignments require technical and theoretical knowledge to analyze issues in financial accounting in relation to business. Few of the topics that are covered in this subject are: revision of company accounting, overview of investment accounting standard, related party disclosure, accounting for business combinations and associates, non-controlling interest, consolidated methods, foreign currency transactions, hedge accounting and liquidation. Due to subject intricacies and compliance to regulatory framework, it becomes difficult for students to cover each aspect. As the subject demands both mathematical and theoretical applications, the complexities of assignment rise. This is why students prefer taking advanced financial accounting Online Tutoring from online subject experts. Myassignmenthelp has team of experienced professionals from finance and accounting background to help students from different universities in Australia. In assignments, they clarify factors that influence both financial and non-financial accounting practice with reference to theoretical and practical knowledge. At first the experts understand the requirements, and then proceed to problem solving and writing part using credible sources, following marking rubric. Here, they make sure to deliver precise advanced financial accounting assignment and up to the university standards.
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