The course examines a selection of financial reporting issues that are included, or under consideration for inclusion in, accounting standards applicable in Australia. It introduces the corporate reporting environment and its challenges; political and international pressures shaping the standard setting process in Australia; examines measurements and disclosure issues pertaining to financial instruments, share-based payments, foreign currency translation, segment reporting, and advanced issues of equity interests. Technical and theoretical aspects are considered.

By the end of this course, you are expected to have attained proficiency in the following areas:

• Understand the Australian external reporting environment and challenges to it.
• Understand the objectives, social and economic roles financial accounting and reporting plays.
• Understand and evaluate critically various measurement and disclosure issues pertaining to an economic entity and other specialised topics.
• Knowledge of and ability to apply main features of a selection of Australian accounting standards.
• Ability to analyse complex issues, to formulate well reasoned and coherent arguments and to reach well considered conclusions.
• Develop or improve a range of generic/soft skills of importance to commerce graduates.

Group Paper and Presentation - 20%.

Mid Semester Examination - 20%. 

Final Examination - 60%.

All components of the above assessment are compulsory and must be submitted.

At least three contact hours per week plus private study time.

BUSN2015/COMM2015 Company Accounting

Incompatible with COMM3008 Financial Reporting by Corporations.

See Course Outline:  http://ecocomm.anu.edu.au/courses/outline/BUSN3008.pdf

For further information see:  http://ecocomm.anu.edu.au/courses/course.asp?code=BUSN3008