Available in 2024
Course code

PACC6005

Units

10 units

Level

6000 level

Course handbook

Description

This courses focuses on company accounting. It provides students with an understanding of the regulatory framework for corporate financial reporting in Australia, and provides detailed coverage of the requirements for the preparation of financial statements for a group of companies operating under common control. Topics covered include accounting for corporate acquisitions; consolidation accounting; consolidated cash flow statements; accounting for company income tax; and accounting for foreign operations and corporate insolvency.


Availability2024 Course Timetables

Newcastle City Precinct

  • Trimester 1 - 2024
  • Trimester 2 - 2024

Sydney Elizabeth Street

  • Trimester 1 - 2024
  • Trimester 2 - 2024

Learning outcomes

On successful completion of the course students will be able to:

1. Demonstrate an understanding of the theoretical constructs of contemporary financial accounting;

2. Exhibit an awareness of selected accounting standards, including the ability to apply these standards in appropriate circumstances.

3. Demonstrate an understanding of the technical skills, underlying concepts and issues in accounting for corporations.

4. Interpret integrated reports, sustainability reports and extend external reporting; and

5. Understand the theoretical and practical aspects involved in the preparation and interpretation of a set of consolidated financial reports.


Content

The course will provide an overview of the theories of accounting and policy choice with respect to the requirements for the preparation of financial statements.

Topics included in the course are:

  1. Intangible Assets
  2. Leases
  3. Financial Instruments
  4. Accounting for Company Income Tax
  5. Business Combinations
  6. Consolidation
  7. Foreign Currency Transactions
  8. Non-financial reporting

Requisite

This course is only available to students enrolled in the programs:

[11702] Master of Professional Accounting

[12403] Master of Professional Accounting (Advanced)

[40149] Master of Professional Accounting/Master of Business Administration

[40164] Master of Professional Accounting/Master of Business Administration.


Assessment items

In Term Test: Mid-Semester Test

Written Assignment: Assignment

Formal Examination: Final Examination


Contact hours

Trimester 1 - 2024 - Newcastle City Precinct

Lecture-1
  • Face to Face On Campus 2 hour(s) per week(s) for 12 week(s) starting in week 1
Online Activity-1
  • Self-Directed 6 hour(s) per term
  • 6 hours of online content per term provided for self directed learning

Trimester 1 - 2024 - Sydney Elizabeth Street

Lecture-1
  • Face to Face On Campus 2 hour(s) per week(s) for 12 week(s) starting in week 1
Online Activity-1
  • Self-Directed 6 hour(s) per term
  • 6 hours of online content per term provided for self directed learning

Trimester 2 - 2024 - Newcastle City Precinct

Lecture-1
  • Face to Face On Campus 2 hour(s) per week(s) for 12 week(s) starting in week 1
Online Activity-1
  • Self-Directed 6 hour(s) per term
  • 6 hours of online content per term provided for self directed learning

Trimester 2 - 2024 - Sydney Elizabeth Street

Lecture-1
  • Face to Face On Campus 2 hour(s) per week(s) for 12 week(s) starting in week 1
Online Activity-1
  • Self-Directed 6 hour(s) per term
  • 6 hours of online content per term provided for self directed learning

Course outline