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, industry specific accounting issues and advanced issues of equity interests. Technical and theoretical aspects are considered.

Upon successful completion of the requirements for this course, students will be able to:

• 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.
• Attain the knowledge of and ability to apply main features of a selection of Australian accounting standards.
• Develop the ability to analyse complex issues, to formulate well reasoned and coherent arguments and to reach well considered conclusions.

Group Paper and Presentation - 20%.

Mid Semester Examination - 20%. 

Final Examination - 60%.

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

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.

BUSN2015/COMM2015 Company Accounting

Incompatible with COMM3008 Financial Reporting by Corporations.

See Course Outline

See Course Outline

See Course Outline

For further information see the course website