Understand the basic concepts and theories of financial reporting

1) Understand the basic concepts and theories of financial reporting. 2) Discuss a regulatory framework for financial reporting, awareness of and experience in applying the Australian equivalents of international standards that deal with specific industries, contexts and financial statement items. 4) Prepare and present financial statements logically and professionally which conform with International financial reporting standards to local and international audience. 5) Conduct an in-depth analysis of a firm’s financial performance and understand how its external reporting is affected by various economic conditions