Company Accounting

Course code ACFI2001
Available in 2015
2015 Course Timetables

Description

Company financial statements are a crucial part of the information that stakeholders use in making assessments of companies. Company Accounting is concerned with the mechanisms that underpin the preparation of financial records for corporations including consolidated accounts. The provisions of the Corporations Act, Australian Accounting Standards, International Accounting Standards and Australian Securities Exchange Listing requirements that are relevant to corporate accounting and reporting are highlighted. The analysis, application and communication of financial information is emphasised as an essential professional attribute.

Availability

Callaghan Campus

  • Semester 1 - 2015

Ourimbah

  • Semester 1 - 2015

UoN Singapore

  • Trimester 2 - 2015 (Singapore)

Learning Outcomes

1. Comprehend the nature of the corporate entity and professional contexts of concepts, statutory requirements and other authoritative influences that underpin accounting and reporting in the Australian regulatory environment.

2. Identify the underlying concepts and issues in accounting for corporations.

3. Exhibit an integrative knowledge of relevant accounting standards, statutory requirements and listing requirements that impact on corporate accounting.

4. Prepare supporting entries, worksheets and working papers for the production of consolidated financial reports.

5. Identify and interpret the issues surrounding contemporary accounting controversies.

6. Employ critical analysis of financial information sources to support implementation of accounting practice.

7. Communicate effectively their accounting knowledge and skill employing contexts suitable for format and audience.

Content

This course includes but is not limited to the following topics:

  1. Nature and Regulation of Companies
  2. Company Formation
  3. Company Equity and Debt Capital Accounts
  4. Investment in Non Current Assets, including intangibles
  5. Accounting for Company Income Tax
  6. Accounting for Business Combinations
  7. Consolidation Accounting - Principles
  8. Consolidation Accounting - Intragroup Transactions
  9. Consolidation Accounting - Non-controlling Interests
  10. Accounting for Associates

Replacing Course(s)

This course replaces the following course(s): . Students who have successfully completed are not eligible to enrol in ACFI2001.

Assumed Knowledge

ACFI1001, ACFI1002

Assessment Items

In Term Test: Tutorial Spot Tests

Quiz: Mid Semester Quiz

Written Assignment: Assignment 1

Written Assignment: Assignment 2

Formal Examination: Final Examination

Contact Hours

Lecture

Face to Face On Campus 2 hour(s) per Week for Full Term

Tutorial

Face to Face On Campus 2 hour(s) per Week for Full Term