Available in 2021
Course code



10 units


6000 level

Course handbook


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.

Availability2021 Course Timetables

Sydney Elizabeth Street

  • Trimester 2 - 2021

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


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. Company Liquidation
  8. Foreign Currency Transactions
  9. Extractive Industries


Successful completion of PACC6004. Course 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

In Term Test: Mid-Semester Test

Written Assignment: Assignment

Formal Examination: Final Examination

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.