Pre-requisite: 52115
Pre-requisite: It is highly recommended that you successfully complete unit 52115
Pre-requisite: before enrolling in this unit. If you have not, you may find it
Pre-requisite: difficult to successfully complete this unit.
This subject involves the theory that is integral to financial accounting practice. Its primary objective is to enhance decision- making skills in relation to financial accounting issues. A framework for decision-making is provided. This includes an investigation of the popular theories and evidence in regard to financial reporting. The financial reporting issues addressed include the choice of accounting methods, voluntary disclosures, and environmental performance reporting.