1. Examine conceptual issues and the sources of authority for the accounting requirements which
apply to reporting by Australian companies, including Company Law, International and Australian
Accounting Standards, and Stock Exchange requirements;
2. Understand and evaluate different theories of accounting such as positive accounting theory,
normative accounting theory, stakeholders’ theory, legitimacy theory, institutional theory, and
different initiatives of relevant global organisations such as GRI, IR;
3. Apply Australian Accounting Standards and Corporate Legislation to the financial reporting
processes;
4. Evaluate advanced level financial accounting problems and select appropriate accounting
strategies for the accounting entity;
5. Understand different provisions of accounting standards and the compliance requirements of the
professional and legal bodies in Australia;
6. Make judgments about appropriate use of accounting standards and accurately apply appropriate
treatments for different advanced level accounting issues;