ADVANCED CORPORATE ACCOUNTING

ACC5CRE

2018

Credit points: 15

Subject outline

In this subject you will build on the foundations laid in the subjects Accounting for Management Decisions and Financial Accounting. Advanced Corporate Accounting covers corporate financial accounting and reporting at a post-graduate level. The purpose of the subject is to enable you to develop knowledge in understanding the Financial Reporting Standards and their use in the accounting measurement and disclosure practices. The subject focuses on the Australian external reporting environment, and the role of conceptual framework and its relevance to financial reporting. It also deals with the evaluation and application of selected accounting standards for property, plant and equipment, intangible assets and income tax. Accounting for group structure, equity investments and joint ventures are also discussed in the subject. This subject is designed to meet the preliminary requirements of the Chartered Accountants Australia and New Zealand (CAANZ) and the Certified Practising Accountants (CPA) Australia. Additionally, it provides the necessary background for understanding the financial reporting requirements in Australia.

SchoolLa Trobe Business School

Credit points15

Subject Co-ordinatorMuhammad Ali

Available to Study Abroad StudentsNo

Subject year levelYear Level 5 - Masters

Exchange StudentsNo

Subject particulars

Subject rules

Prerequisites ACC5AFM and ACC5FAS

Co-requisitesN/A

Incompatible subjectsN/A

Equivalent subjectsN/A

Special conditionsN/A

Readings

Resource TypeTitleResource RequirementAuthor and YearPublisher
ReadingsAustralian Financial Accounting (8h Edition)PrescribedDeegan, C.Irwin McGraw-Hill, Australia
ReadingsAccounting HandbookRecommendedCPA AustraliaJohn Wiley Australia
ReadingsFinancial Reporting HandbookRecommendedCAPrentice Hall, Australia
ReadingsCompany Accounting in Australia, (9th Edition)RecommendedLeo, K. J., Hoggett, J.R. & Sweeting, J. (2015)John Wiley

Graduate capabilities & intended learning outcomes

01. Apply the regulatory framework for financial reporting in Australia, use them in practical situations and provide arguments for and against accounting regulations and international harmonization

Activities:
Lectures and tutorials
Related graduate capabilities and elements:
Literacies and Communication Skills (Quantitative Literacy)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Personal and Professional Skills (Teamwork including leadership and working in groups,Ethical behaviour)
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

02. Discuss the role of a conceptual framework, its relevance to financial reporting and critically evaluate the existing framework

Activities:
Lectures and tutorials
Related graduate capabilities and elements:
Literacies and Communication Skills (Quantitative Literacy)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Personal and Professional Skills (Teamwork including leadership and working in groups,Ethical behaviour)
Personal and Professional Skills (Teamwork including leadership and working in groups,Ethical behaviour)
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

03. Analyse and apply accounting standards with regard to non-current assets, accounting for income taxes and the preparation of corporate financial statements

Activities:
Lectures and tutorials
Related graduate capabilities and elements:
Literacies and Communication Skills (Quantitative Literacy)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Personal and Professional Skills (Teamwork including leadership and working in groups,Ethical behaviour)
Personal and Professional Skills (Teamwork including leadership and working in groups,Ethical behaviour)
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

04. Prepare consolidated financial statements on the basis of Australian Accounting Standards, learn how to account for equity investments and accounting entries for joint ventures

Activities:
Lectures and tutorials
Related graduate capabilities and elements:
Literacies and Communication Skills (Quantitative Literacy)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Personal and Professional Skills (Teamwork including leadership and working in groups,Ethical behaviour)
Personal and Professional Skills (Teamwork including leadership and working in groups,Ethical behaviour)
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

05. Appraise the economic consequences of using different accounting methods on the financial statements

Activities:
Lectures and tutorials
Related graduate capabilities and elements:
Literacies and Communication Skills (Quantitative Literacy)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Personal and Professional Skills (Teamwork including leadership and working in groups,Ethical behaviour)
Personal and Professional Skills (Teamwork including leadership and working in groups,Ethical behaviour)
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

06. Critically evaluate the information needs of users of financial statements including social and environmental performance in addition to mandatory requirements for the preparation and presentation of financial statements

Activities:
Lectures and tutorials
Related graduate capabilities and elements:
Literacies and Communication Skills (Quantitative Literacy)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Personal and Professional Skills (Teamwork including leadership and working in groups,Ethical behaviour)
Personal and Professional Skills (Teamwork including leadership and working in groups,Ethical behaviour)
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

Subject options

Select to view your study options…

Start date between: and    Key dates

Melbourne, 2018, Semester 1, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorMuhammad Ali

Class requirements

Lecture Week: 10 - 22
One 2.0 hours lecture per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.

Tutorial Week: 10 - 22
One 1.0 hours tutorial per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
On-line Quiz (equivalent to 1000 words)10 01, 02, 03, 05, 06
One 1,500 words assignmentThis task will help you to analyse the corporate financial reporting practices. Each group member's contribution to the teamwork will be assessed through the Students Statement that all group members have contributed equally in writing the assignment.20 01, 02, 03, 05
One 2-hour final examinationYou must achieve at least 45% in the final examination as well as an overall total of 50% to pass the subject.70 01, 03, 04, 05

Melbourne, 2018, Semester 2, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorMuhammad Ali

Class requirements

Lecture Week: 31 - 43
One 2.0 hours lecture per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.

Tutorial Week: 31 - 43
One 1.0 hours tutorial per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
On-line Quiz (equivalent to 1000 words)10 01, 02, 03, 05, 06
One 1,500 words assignmentThis task will help you to analyse the corporate financial reporting practices. Each group member's contribution to the teamwork will be assessed through the Students Statement that all group members have contributed equally in writing the assignment.20 01, 02, 03, 05
One 2-hour final examinationYou must achieve at least 45% in the final examination as well as an overall total of 50% to pass the subject.70 01, 03, 04, 05

Sydney, 2018, Study Period 3, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorMuhammad Ali

Class requirements

Lecture
One 2.0 hours lecture per week on weekdays during the day and delivered via face-to-face.

Tutorial
One 1.0 hours tutorial per week on weekdays during the day and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
On-line Quiz (equivalent to 1000 words)10 01, 02, 03, 05, 06
One 1,500 words assignmentThis task will help you to analyse the corporate financial reporting practices. Each group member's contribution to the teamwork will be assessed through the Students Statement that all group members have contributed equally in writing the assignment.20 01, 02, 03, 05
One 2-hour final examinationYou must achieve at least 45% in the final examination as well as an overall total of 50% to pass the subject.70 01, 03, 04, 05

Sydney, 2018, Study Period 2, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorMuhammad Ali

Class requirements

Lecture Week: 31 - 42
One 2.0 hours lecture per week on weekdays during the day from week 31 to week 42 and delivered via face-to-face.

Tutorial Week: 31 - 42
One 1.0 hours tutorial per week on weekdays during the day from week 31 to week 42 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
On-line Quiz (equivalent to 1000 words)10 01, 02, 03, 05, 06
One 1,500 words assignmentThis task will help you to analyse the corporate financial reporting practices. Each group member's contribution to the teamwork will be assessed through the Students Statement that all group members have contributed equally in writing the assignment.20 01, 02, 03, 05
One 2-hour final examinationYou must achieve at least 45% in the final examination as well as an overall total of 50% to pass the subject.70 01, 03, 04, 05

Sydney, 2018, Study Period 1, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorMuhammad Ali

Class requirements

Lecture Week: 10 - 22
One 2.0 hours lecture per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.

Tutorial Week: 10 - 22
One 1.0 hours tutorial per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
On-line Quiz (equivalent to 1000 words)10 01, 02, 03, 05, 06
One 1,500 words assignmentThis task will help you to analyse the corporate financial reporting practices. Each group member's contribution to the teamwork will be assessed through the Students Statement that all group members have contributed equally in writing the assignment.20 01, 02, 03, 05
One 2-hour final examinationYou must achieve at least 45% in the final examination as well as an overall total of 50% to pass the subject.70 01, 03, 04, 05