This course continues to build up from introductory accounting courses by introducing more accounting and reporting issues and scenarios that different types of day-to-day business operation encounter. You will learn to refer to the accounting standards from the Australian Accounting Standards Board (AASB) to account for different types of transactions and different business components. This includes the valuation methods of non-current assets, such as PPE, accounting for leases, intangible assets, employee benefits, financial instruments, extractive industries and foreign transactions. You will get a glance and understanding of how real-life accountants deal with different types of businesses that operate in various industries.