Available in 2021
Course code



10 units


6000 level

Course handbook


The course examines general purpose financial reporting from the perspective of a single incorporated entity. In doing so, the course emphasises the development of the knowledge, understanding and skills needed to interpret and apply accounting standards and procedures to solve accounting problems which companies encounter in practice.

Availability2021 Course Timetables

Sydney Elizabeth Street

  • Trimester 2 - 2021
  • Trimester 3 - 2021

Learning outcomes

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

1. Demonstrate an understanding of the nature of the corporate entity and be aware of the concepts, statutory requirements and other authoritative influences that underpin accounting and reporting in the Australian regulatory environment.

2. Explain the issues surrounding contemporary accounting controversies.

3. Critically integrate and apply theoretical and technical accounting knowledge and skills to solve routine accounting problems.

4. Illustrate an awareness of the relevant accounting standards, statutory requirements and listing requirements that impact on corporate accounting and the preparation and presentation of financial reports

5. Evaluate solutions for routine accounting problems in diverse contexts using social, ethical, economic, regulatory and global perspectives.


Topics included in this course include the following:

  1. Statutory reporting and disclosure requirements under the provisions of the Corporations Act, Australian Accounting Standards and Australian Stock Exchange Listing requirements;
  2. Accounting standards and the conceptual framework;
  3. Prepare financial records for corporations’ capital, operating, and acquisition activities;
  4. Measurement of non-current assets and liabilities;
  5. Theories of accounting;
  6. Preparing published financial statements; and
  7. Analysis and interpretation of financial statements.


Students must have successfully completed PACC6000. This course is only available to students enrolled in Master of Professional Accounting, Master of Professional Accounting (Advanced), Master of Professional Accounting / Master of Business and M Prof Acct/M Bus Admin programs.

Assessment items

Quiz: Problem Set tests

Written Assignment: Written Assignment

In Term Test: Mid-Semester Test

Formal Examination: Final Exam

Contact hours

Sydney Elizabeth Street


Face to Face On Campus 3 hour(s) per Week for Full Term

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.