Critically analyze the theoretical and practical aspects of a range of current accounting issues

1. Understand the accounting standards framework and the conceptual framework in Australia, and influence and impact of these on accounting practice and the financial reporting environment. 2. Critically analyse the theoretical and practical aspects of a range of current accounting issues. 3. Achieve a high level of competence in interpreting and applying selected accounting standards to the preparation of the accounting records and financial statements including an assessment of the associated issues.