Anything financial and accounting related has always been my thing. I did not rely on the lecturer to pass this subject. The subject was very straight foward and I will be more than willing to guide other students through the same

This unit provides an understanding of the contemporary Australian financial reporting environment. Particular attention is paid to accounting theory and concepts, mandatory reporting practices and reporting policies that reflect either a choice from among several mandated alternatives, or those areas where regulation has not occurred. The unit is intended for those who will be involved in the preparation or use of company financial statements. The unit provides an understanding of accounting techniques, both in terms of technical method and their relative impact on corporation's financial statements. The emphasis throughout is on both the 'techniques' and the related explanations for their use.

It is a very interesting and rewarding subjuect, highly related to CFA Examination. Tips:1. Making contrast between accounting treatments of diffent assets, for the sake of memorizing. 2. Spend more time on Taxation, since it is both difficult and important.