ADVANCED CORPORATE ACCOUNTING

ACC5CRE

2020

Credit points: 15

Subject outline

Advanced Corporate Accounting covers corporate financial accounting and reporting at postgraduate level. The purpose of the subject is to enable you to develop knowledge in understanding the Australian Accounting Standards Board's (AASB's) and the International Accounting Standards Board (IASB's) 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 consolidation, equity investments and joint arrangements are also discussed in the subject. Additionally, it provides the necessary background for understanding the financial reporting requirements in Australia.

School: La Trobe Business School (Pre 2022)

Credit points: 15

Subject Co-ordinator: Muhammad Ali

Available to Study Abroad/Exchange Students: No

Subject year level: Year Level 5 - Masters

Available as Elective: No

Learning Activities: N/A

Capstone subject: No

Subject particulars

Subject rules

Prerequisites: ACC5FAS AND ACC5AFM

Co-requisites: ACC5AAI

Incompatible subjects: N/A

Equivalent subjects: N/A

Quota Management Strategy: N/A

Quota-conditions or rules: N/A

Special conditions: N/A

Minimum credit point requirement: N/A

Assumed knowledge: N/A

Learning resources

Australian Financial Accounting

Resource Type: Book

Resource Requirement: Prescribed

Author: Deegan, C.

Year: N/A

Edition/Volume: Latest edition

Publisher: Irwin McGraw-Hill, Australia

ISBN: N/A

Chapter/article title: N/A

Chapter/issue: N/A

URL: N/A

Other description: N/A

Source location: N/A

Career Ready

Career-focused: No

Work-based learning: No

Self sourced or Uni sourced: N/A

Entire subject or partial subject: N/A

Total hours/days required: N/A

Location of WBL activity (region): N/A

WBL addtional requirements: N/A

Graduate capabilities & intended learning outcomes

Graduate Capabilities

DISCIPLINE KNOWLEDGE AND SKILLS
INQUIRY AND ANALYSIS - Creativity and Innovation
INQUIRY AND ANALYSIS - Critical Thinking and Problem Solving
INQUIRY AND ANALYSIS - Research and Evidence-Based Inquiry
PERSONAL AND PROFESSIONAL - Ethical and Social Responsibility
PERSONAL AND PROFESSIONAL - Leadership and Teamwork

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
02. Discuss the role of a conceptual framework, its relevance to financial reporting and critically evaluate the existing framework
03. Analyse and apply accounting standards with regard to non-current assets, accounting for income taxes and the preparation of corporate financial statements
04. Prepare consolidated financial statements on the basis of Australian Accounting Standards, learn how to account for equity investments and accounting entries for joint arrangements
05. Appraise the economic consequences of using different accounting methods on the financial statements
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

Melbourne (Bundoora), 2020, Semester 1, Day

Overview

Online enrolment: Yes

Maximum enrolment size: N/A

Subject Instance Co-ordinator: Muhammad Ali

Class requirements

LectureWeek: 10 - 22
One 2.00 hours lecture per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.

TutorialWeek: 11 - 22
One 1.00 hour tutorial per week on weekdays during the day from week 11 to week 22 and delivered via face-to-face.

Assessments

Assessment elementCommentsCategoryContributionHurdle%ILO*

One Mid-Semester Test (equivalent to 1,000 words)

N/AN/AN/ANo20SILO1, SILO3

One Group Assignment (equivalent to 1,000 words per student)

N/AN/AN/ANo20SILO1, SILO3, SILO6

One 3-hour final examination (equivalent to 3,000 words)

N/AN/AN/ANo60SILO1, SILO2, SILO3, SILO4, SILO5, SILO6

Melbourne (Bundoora), 2020, Semester 2, Day

Overview

Online enrolment: Yes

Maximum enrolment size: N/A

Subject Instance Co-ordinator: Muhammad Ali

Class requirements

LectureWeek: 31 - 43
One 2.00 hours lecture per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.

TutorialWeek: 32 - 43
One 1.00 hour tutorial per week on weekdays during the day from week 32 to week 43 and delivered via face-to-face.

Assessments

Assessment elementCommentsCategoryContributionHurdle%ILO*

One Mid-Semester Test (equivalent to 1,000 words)

N/AN/AN/ANo20SILO1, SILO3

One Group Assignment (equivalent to 1,000 words per student)

N/AN/AN/ANo20SILO1, SILO3, SILO6

One 3-hour final examination (equivalent to 3,000 words)

N/AN/AN/ANo60SILO1, SILO2, SILO3, SILO4, SILO5, SILO6

Sydney, 2020, Study period 1, Day

Overview

Online enrolment: Yes

Maximum enrolment size: N/A

Subject Instance Co-ordinator: Muhammad Ali

Class requirements

LectureWeek: 10 - 22
One 2.00 hours lecture per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.

TutorialWeek: 11 - 22
One 1.00 hour tutorial per week on weekdays during the day from week 11 to week 22 and delivered via face-to-face.

Assessments

Assessment elementCommentsCategoryContributionHurdle%ILO*

One Mid-Semester Test (equivalent to 1,000 words)

N/AN/AN/ANo20SILO1, SILO3

One Group Assignment (equivalent to 1,000 words per student)

N/AN/AN/ANo20SILO1, SILO3, SILO6

One 3-hour final examination (equivalent to 3,000 words)

N/AN/AN/ANo60SILO1, SILO2, SILO3, SILO4, SILO5, SILO6

Sydney, 2020, Study period 2, Day

Overview

Online enrolment: Yes

Maximum enrolment size: N/A

Subject Instance Co-ordinator: Muhammad Ali

Class requirements

LectureWeek: 31 - 42
One 2.00 hours lecture per week on weekdays during the day from week 31 to week 42 and delivered via face-to-face.

TutorialWeek: 32 - 42
One 1.00 hour tutorial per week on weekdays during the day from week 32 to week 42 and delivered via face-to-face.

Assessments

Assessment elementCommentsCategoryContributionHurdle%ILO*

One Mid-Semester Test (equivalent to 1,000 words)

N/AN/AN/ANo20SILO1, SILO3

One Group Assignment (equivalent to 1,000 words per student)

N/AN/AN/ANo20SILO1, SILO3, SILO6

One 3-hour final examination (equivalent to 3,000 words)

N/AN/AN/ANo60SILO1, SILO2, SILO3, SILO4, SILO5, SILO6