AF301 Accounting Theory and Applications

Prerequisites: AF201 and AF210

This course aims to provide an understanding of the construction of theories that explain and frame the frameworks of accounting regulation and practice and predict developments in accounting practice, consistent with societies needs for financial reporting. Students will be encouraged to evaluate critically a range of accounting theories and to evaluate their impact on accounting practice.

 

AF302 Information Systems

Prerequisite: AF121

This course examines information systems incorporating accounting systems; systems analysis including the design, evaluation, and implementation of business systems in general and accounting systems in particular; internal control and control systems; computer-based information systems; and the uses and potential of information systems.

 

AF304 Auditing

Prerequisite: AF210

This course examines the audit function and the role of the auditor; the audit process as related to the audit of resources, commitments, revenue, and expenses; and, the internal audit, the audit report, and the changing status of the audit function.

 

AF307 Public Sector Accounting

Prerequisite: AF201

The course covers the broad spectrum of public sector accounting. Aspects of financial and management accounting as they affect governmental units and other non-profit organisations will be considered. An approach that balances the development and appreciation of a conceptual framework with applied problem solving will be pursued.

 

AF308 Taxation Law

Prerequisite: None, though completion of AF108 or AF205 is recommended.

This course is concerned almost exclusively with income tax. Each of the major issues that must be dealt with by any system of income tax are considered. The Fiji Income Tax Act is examined in detail as an example of a particular income tax.

 

AF309 Insolvency Law and Practice

Prerequisites: None, but completion of AF108 and AF205 are recommended

This course introduces the legal principles and procedures governing the bankruptcy of individuals and the winding up of insolvent corporations, the law governing receivers, alternatives to bankruptcy and liquidation and related matters. Fiji statutory materials are used and case law is primarily from Fiji.

 

AF314 Corporate Accounting

Prerequisite: AF210

The aim of this course is to provide the student with an understanding of the regulatory framework, which governs the accounting for companies such that on successful completion of the course the student will be able to undertake such accounting practices. The course will introduce students to accounting entries to report company formation, apply and explain appropriate accounting standards generated by the International Accounting Standards Board (IASB), which relate to corporate reporting, construct financial reports, which comply with regulatory requirements for companies and groups of companies, undertake the financial accounting processes required to report corporate restructures, undertake the financial accounting processes pertaining to a corporate liquidation.