A unit of lectures and tutorial sessions examining the external reporting requirements for companies operating in Australia. Topics examined include: an analysis of the Australian corporate reporting environment inclusive of the conceptual framework; positive accounting theory and the economic implications of accounting numbers; accounting implications of particular accounting for assets which include inventory valuation, acquisition and depreciation of non-current assets, impairment and revaluation of non-current assets, impairment testing and amortization of intangible assets; company income taxes; statement of cash flow; accounting for leases; accounting for liabilities such as provisions, contingent liabilities and debentures; income statement and events after balance sheet date, accounting for share capital and reserve and earning per share, and accounting for heritage assets, biological assets and extractive industries.