This syllabus extends students’ coverage of generally accepted accounting practices but also deepens their understanding of reporting and their ability to apply practices to more complex situations. Assessments will test their ability to evaluate the acceptability of alternatives from a compliance perspective and an understanding as to how reporting alternatives affect the results, position and risks disclosed by entities. Assessments will also include considerations relating to the use of complex financial instruments. Students may be assessed on their understanding of earnings management, creative accounting and aggressive earnings management. Students may also be assessed on their competences in financial statement analysis and analysis of other reports as a basis for understanding the position, performance and risks of businesses. Reporting extends to sustainability and corporate social responsibility reports and business reviews management commentaries or similar reports