ACFI2012
10 units
2000 level
Course handbook
Description
Company financial statements are a crucial part of the information that stakeholders use in making assessments of companies. Accounting for Corporate Entities 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.
Availability2024 Course Timetables
Singapore PSB
- Trimester 1 - 2024 (Singapore)
Newcastle City Precinct
- Semester 1 - 2024
- Semester 2 - 2024
Ourimbah
- Semester 2 - 2024
Learning outcomes
On successful completion of the course students will be able to:
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 and interpret the underlying concepts and issues in accounting for corporations and understand the potential controversies surrounding these issues.
3. Exhibit 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. Engage in critical analysis of financial information to support implementation of accounting practice
6. Effectively communicate accounting knowledge
Content
The topics in this course include the following:
- Nature and Regulation of Companies
- Company Formation
- Company Equity and Debt Capital Accounts
- Accounting for Intangibles, Financial Instruments and Foreign Currency Transactions
- Accounting for Company Income Tax
- Consolidation Accounting - Principles
- Consolidation Accounting - Intragroup Transactions
- Consolidation Accounting - Non-controlling Interests
- Accounting for Equity Investments
Requisite
Students must have successfully completed ACFI1002. If you have successfully completed ACFI2001, you cannot enrol in this course.
Assessment items
In Term Test: In term tests
Quiz: Mid Semester Quiz
Written Assignment: Written Assignment
Formal Examination: Final Examination
Contact hours
Trimester 1 - 2024 (Singapore) - Singapore PSB
Workshop-1
- Face to Face On Campus 2 hour(s) per week(s) for 13 week(s) starting in week 1
- Students are expected to complete 4 hours of guided learning via online preparation, lectures, interactive workshops, tutorials, discussion groups or self-directed learning and an additional 6 hours of independent study per week.
Semester 1 - 2024 - Newcastle City Precinct
Workshop-1
- Face to Face On Campus 2 hour(s) per week(s) for 13 week(s) starting in week 1
- Students are expected to complete 4 hours of guided learning via online preparation, lectures, interactive workshops, tutorials, discussion groups or self-directed learning and an additional 6 hours of independent study per week.
Semester 2 - 2024 - Ourimbah
Workshop-1
- Face to Face On Campus 2 hour(s) per week(s) for 13 week(s) starting in week 1
- Students are expected to complete 4 hours of guided learning via online preparation, lectures, interactive workshops, tutorials, discussion groups or self-directed learning and an additional 6 hours of independent study per week.
Semester 2 - 2024 - Newcastle City Precinct
Workshop-1
- Face to Face On Campus 2 hour(s) per week(s) for 13 week(s) starting in week 1
- Students are expected to complete 4 hours of guided learning via online preparation, lectures, interactive workshops, tutorials, discussion groups or self-directed learning and an additional 6 hours of independent study per week.
Course outline
- ACFI2012 - Semester 1, 2024 (Ncle) (PDF, 244.6 KB)
- ACFI2012 - Trimester 1, 2024 (Naihes) (PDF, 243.8 KB)
The University of Newcastle acknowledges the traditional custodians of the lands within our footprint areas: Awabakal, Darkinjung, Biripai, Worimi, Wonnarua, and Eora Nations. We also pay respect to the wisdom of our Elders past and present.