Credit Points 10

Legacy Code 200109

Coordinator Neelam Goela Opens in new window

Description This subject builds on the fundamental knowledge of accounting procedures gained in prerequisite subjects. It involves the comprehensive study of aspects of corporate accounting and reporting which are regulated by legislation, accounting standards, Australian Securities and Investment Commission and Stock Exchange requirements. This subject is designed to provide students with grounding in the regulation and practice of corporate reporting in Australia. The major orientation is towards the theoretical and practical aspects of corporate reporting, whilst at the same time exploring the reasons for regulatory disclosures.

School Business

Discipline Accounting

Student Contribution Band HECS Band 4 10cp

Check your HECS Band contribution amount via the Fees page.

Level Undergraduate Level 3 subject

Co-requisite(s) ACCT 2004 Intermediate Financial Accounting OR
ACCT 3003 Accounting Standards and Governance

Equivalent Subjects -

Learning Outcomes

On successful completion of this subject, students should be able to:

1. Apply Australian Accounting Standards, International Accounting Standards and other relevant standards insofar as they relate to reporting requirements of a reporting entity.
2. Prepare financial statements in accordance with Australian Accounting Standards and other relevant standards.
3. Apply appropriate disclosure requirements to annual reports.
4. Apply reporting requirements for company groups.
5. Discuss corporate accountability within the Conceptual Framework with specific reference to the topics covered in the subject.
   

Subject Content

1. Conceptual framework, corporate governance and professional bodies
2. Cash flow statement and disclosure requirements
3. Tax effect accounting (introduction and advanced concepts)
4. Consolidation and equity accounting (introduction, intragroup transactions and NCI)
5. Disclosure issues can include: after reporting date events, prior period errors, change in accounting estimates, related party transactions
6. 6. Foreign currency transactions