BUSN7050 Corporate Accounting

Offered By	School of Accounting & Business Info Systems
Academic Career	Graduate Coursework
Course Subject	Business
Offered in	First Semester, 2009, Second Semester, 2009, First Semester, 2010, and Second Semester, 2010
Unit Value	6 units
Course Description	This course examines the legal and professional requirements for financial reporting by Australian corporations.
Learning Outcomes	On completion of the course, students should have: An understanding of the special nature of companies and the regulatory environment in which theyare formed and operate. A solid foundation in accounting and reporting requirements of the Corporations Act and relevantAustralian Accounting Standards Board (AASB) accounting standards. An understanding of the accounting requirements for an economic entity and familiarity with the theory underlying methods used to account for inter-company investments. The ability to prepare consolidated accounts for a two-tier corporate group. An understanding of the basic principles of accounting for investments in associates pursuant to the equity method. The ability to account for leases. Familiarisation with company reporting in accordance with international accounting standards
Indicative Assessment	Tutorial participation and attendance 10% Research Report 10% Mid semester examination 20% Final examination 60% Total 100%
Workload	This course will involve a weekly commitment of at least nine hours of study, comprising three contact hours per week and six hours of private study. You will need to set aside half this private study time for reading and half for class preparation.
Course Classification(s)	SpecialistSpecialist courses are designed for students having reached 'first degree' level of assumed knowledge, which provide for the acquisition of specialist skills; or 'second degree' and higher level of knowledge; or for transition to research training programs; or knowledge associated with professional accreditation. and TransitionalTransitional courses are designed for students from a broad range of backgrounds and learning achievements, which provide for the acquisition of generic skills; or an informed understanding of contemporary issues; or fundamental knowledge for transition to Advanced or Specialist courses.
Areas of Interest	Accounting and Commerce
Eligibility	At least an average of 65% (or equivalent) in the final two years of an Australian undergraduate degree
Assumed Knowledge and Required Skills	You are expected to be proficient with the principles and practice of double-entry bookkeeping, in particular, journal entry and financial statement preparation. A thorough understanding of the main elements of the financial statements, for example, revenues, expenses, assets and liabilities, is also assumed. If it has been some time since you were familiar these areas, you might need to revise them. You are also expected to be familiar with accounting procedures regarding issue, forfeiture, and reissue of shares, and accounting for dividends and reserves. Again, you might need to refresh your memory if it has been some time since the prerequisites were studied.
Requisite Statement	Prerequisite: BUSN7008 Financial Statements and Reporting.
Incompatibility	Incompatible with BUSN2015
Prescribed Texts	See Course Outline: http://ecocomm.anu.edu.au/courses/outline/BUSN7050.pdf
Preliminary Reading	See Course Outline: http://ecocomm.anu.edu.au/courses/outline/BUSN7050.pdf
Programs	Graduate Certificate in Accounting, Graduate Certificate in Accounting, Master of Accounting, Master of Business, Master of Commerce, and Master of Professional Accounting
Other Information	For further information please refer to http://ecocomm.anu.edu.au/courses/course.asp?code=BUSN7050
Academic Contact	See http://ecocomm.anu.edu.au/courses/course.asp?code=BUSN7050

The information published on the Study at ANU 2009 website applies to the 2009 academic year only. All information provided on this website replaces the information contained in the Study at ANU 2008 website.