University of Newcastle
Area of Study
Taught In English
Course Level Recommendations
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
Recommended U.S. Semester Credits3 - 4
Recommended U.S. Quarter Units4 - 6
Hours & Credits
OverviewLEARNING OUTCOMES1. Identify the theoretical constructs of contemporary financial accounting;2. Demonstrate selected accounting standards, including the ability to apply such standards in appropriate circumstances;3. Investigate and evaluate issues surrounding contemporary accounting controversies;4. Analyse, evaluate and synthesise both quantitative and qualitative information to inform accounting skill, choice and decision;5. Independently or collaboratively communicate accounting knowledge and outcomes in both written and oral formats.CONTENTThe course topics include but are not limited to the following:Theories of Financial Accounting including the Conceptual FrameworkAccounting for Assets including Biological AssetsAccounting for LiabilitiesRevenue RecognitionAccounting for LeasesAccounting for the Extractive IndustriesAccounting for Financial InstrumentsAccounting for Foreign Currency TransactionsPreparation of External Financial Reports including Statement of Comprehensive Income, Statement of Changes in Equity, Statement of Financial Position and Statement of Cash FlowsOther Disclosure Issues
Courses and course hours of instruction are subject to change.
Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.