BUSN2015 Company Accounting
Later Year Course
| Offered By | School of Accounting & Business Info Systems |
|---|---|
| Academic Career | Undergraduate |
| Course Subject | Business |
| Offered in | First Semester, 2013, Second Semester, 2013, First Semester, 2014, and Second Semester, 2014 |
| Unit Value | 6 units |
| Course Description |
This course covers the characteristics of the Australian accounting environment and its financial reporting requirements for companies, and expands on accounting for non-current assets (depreciation, revaluation, impairment), accounting for liabilities (issue and extinguishment of debt instruments) and owners’ equity (issue of share capital and reserves). The course also explores accounting for income tax and provides a comprehensive coverage of consolidation issues (accounting for group structures, intra-group transactions and non-controlling interests) and equity investments. |
| Learning Outcomes |
On satisfying the requirements for this course, students should have: * Outcome 1: An understanding of the regulatory environment in which the companies are formed and operate in Australia. * Outcome 2: A solid foundation in accounting and reporting requirements of the Corporations Act and relevant Australian Accounting Standards Board (AASB) accounting standards. * Outcome 3: A comprehensive understanding of the advanced issues in accounting for non-current assets, liabilities and owners’ equity. * Outcome 4: The ability to account for leases. * Outcome 5: The ability to account for income taxes. * Outcome 6: An understanding of the accounting requirements for a corporate group and familiarity with the theory underlying the methods used to account for inter-company investments. * Outcome 7: The ability to prepare consolidated accounts for a two-tier corporate group. * Outcome 8: An understanding of the basic principles of accounting for investments in associates. |
| Indicative Assessment |
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| Workload |
Students taking this course are expected to commit at least 10 hours a week to completing the work. This will include 3 hours per week in class and at least 7 hours a week on average (including non-teaching weeks) on course reading, research, writing and assignment work. |
| Areas of Interest | Accounting |
| Requisite Statement |
BUSN1002 Accounting Processes and Systems or COMM1020 Accounting and Financial Management. |
| Incompatibility |
Incompatible with COMM2015 Company Accounting. |
| Prescribed Texts |
See Course Outline |
| Preliminary Reading |
See Course Outline |
| Indicative Reading List |
See Course Outline |
| Majors/Specialisations | Accounting |
| Other Information |
For further information see the course website |
| Academic Contact | http://cbe.anu.edu.au/courses/rsabis/BUSN2015 |
The information published on the Study at ANU 2013 website applies to the 2013 academic year only. All information provided on this website replaces the information contained in the Study at ANU 2012 website.
