CORPORATE REPORTING
ACC5CRE
2015
Credit points: 15
Subject outline
In this subject students will build on the foundations laid in the units Accounting for Management Decisions and Financial Accounting. This subject deals with the practical and theoretical aspects of the regulatory requirements of public companies incorporated under Australian Corporations Act 2001. It considers the existing regulatory bodies within Australia and deals with the preparation of financial statements in accordance with the Corporations Act and approved accounting standards. Further topics such as income tax, corporate mergers and acquisitions and joint ventures are covered in the unit.
School: La Trobe Business School
Credit points: 15
Subject Co-ordinator: Muhammad Ali
Available to Study Abroad Students: No
Subject year level: Year Level 5 - Masters
Exchange Students: No
Subject particulars
Subject rules
Prerequisites: N/A
Co-requisites: N/A
Incompatible subjects: N/A
Equivalent subjects: N/A
Special conditions: N/A
Learning resources
Readings
| Resource Type | Title | Resource Requirement | Author and Year | Publisher |
|---|---|---|---|---|
| Readings | Accounting Handbook | Prescribed | Institute of Chartered Accountants in Australia & the CPA Australia | PRENTICE HALL, 2013 |
| Readings | Australian Financial Accounting | Prescribed | Deegan, C. | 7TH EDN., IRWIN MCGRAW-HILL, 2012 |
Graduate capabilities & intended learning outcomes
01. understand the corporate reporting environment in Australia
- Activities:
- Tutorial work, examination
- Related graduate capabilities and elements:
- Literacies and Communication Skills(Writing,Speaking)
- Literacies and Communication Skills(Writing,Speaking)
- 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(Autonomy and independence,Study and Learning Skills)
- Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)
02. understand the key components of a company's annual report and be able to produce a simple set of financial statements in accordance with relevant accounting standards
- Activities:
- Tutorial work, mid-semester test
- Related graduate capabilities and elements:
- Literacies and Communication Skills(Writing,Speaking)
- Literacies and Communication Skills(Writing,Speaking)
- 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(Autonomy and independence,Study and Learning Skills)
- Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)
03. understand, evaluate and correctly apply selected accounting standards relating to income tax, asset revaluation and business combinations
- Activities:
- Tutorial work, assignment and examination
- Related graduate capabilities and elements:
- Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)
- Personal and Professional Skills(Autonomy and independence,Study and Learning Skills)
- 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)
- Literacies and Communication Skills(Writing,Speaking)
- Literacies and Communication Skills(Writing,Speaking)
04. understand the concepts and procedures involved in consolidation and be able to prepare consolidated financial statements that satisfy the legal, professional and regulatory requirments in Australia
- Activities:
- Tutorial work, assignment and examination
- Related graduate capabilities and elements:
- Literacies and Communication Skills(Writing,Speaking)
- Literacies and Communication Skills(Writing,Speaking)
- 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(Autonomy and independence,Study and Learning Skills)
- Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)
05. understand the issues surrounding, and account for equity investment and joint ventures
- Activities:
- Tutorial work, examination
- Related graduate capabilities and elements:
- Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)
- Personal and Professional Skills(Autonomy and independence,Study and Learning Skills)
- 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)
- Literacies and Communication Skills(Writing,Speaking)
- Literacies and Communication Skills(Writing,Speaking)
06. develop writing and presentation skills by submitting an individual assignment that applies an understanding if the detailed requirements of AASB standards, with particular emphasis on those dealing with the preparation of consolidated financial statements, and the financial reporting implications of income tax
- Activities:
- assignment
- Related graduate capabilities and elements:
- Literacies and Communication Skills(Writing,Speaking)
- 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(Autonomy and independence,Study and Learning Skills)
- Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)
Melbourne, 2015, Semester 1, Day
Overview
Online enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Muhammad Ali
Class requirements
LectureWeek: 10 - 22
One 2.0 hours lecture other recurrence on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
TutorialWeek: 10 - 22
One 1.0 hours tutorial other recurrence on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| one 1,500-word assignment | 15 | 01, 03, 04, 06 | |
| one 1.5-hour mid-semester test | 15 | 02 | |
| one 2-hour final examination | Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the unit. | 70 | 01, 03, 04, 05 |
Melbourne, 2015, Semester 2, Day
Overview
Online enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Muhammad Ali
Class requirements
LectureWeek: 31 - 43
One 2.0 hours lecture other recurrence on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
TutorialWeek: 31 - 43
One 1.0 hours tutorial other recurrence on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| one 1,500-word assignment | 15 | 01, 03, 04, 06 | |
| one 1.5-hour mid-semester test | 15 | 02 | |
| one 2-hour final examination | Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the unit. | 70 | 01, 03, 04, 05 |