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.

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

PrerequisitesN/A

Co-requisitesN/A

Incompatible subjectsN/A

Equivalent subjectsN/A

Special conditionsN/A

Readings

Resource TypeTitleResource RequirementAuthor and YearPublisher
ReadingsAccounting HandbookPrescribedInstitute of Chartered Accountants in Australia & the CPA AustraliaPRENTICE HALL, 2013
ReadingsAustralian Financial AccountingPrescribedDeegan, 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)

Subject options

Select to view your study options…

Start date between: and    Key dates

Melbourne, 2015, 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 other recurrence 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 other recurrence on weekdays during the day from week 10 to week 22 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
one 1,500-word assignment15 01, 03, 04, 06
one 1.5-hour mid-semester test15 02
one 2-hour final examinationStudents 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 enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorMuhammad Ali

Class requirements

Lecture Week: 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.

Tutorial Week: 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 elementComments% ILO*
one 1,500-word assignment15 01, 03, 04, 06
one 1.5-hour mid-semester test15 02
one 2-hour final examinationStudents 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