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.
SchoolLa Trobe Business School
Credit points15
Subject Co-ordinatorBalachandran Muniandy
Available to Study Abroad StudentsNo
Subject year levelYear Level 5 - Masters
Exchange StudentsNo
Subject particulars
Subject rules
Prerequisites ACC5AFM and ACC5FAS
Co-requisites ACC5AAI
Incompatible subjectsN/A
Equivalent subjectsN/A
Special conditionsN/A
Readings
| Resource Type | Title | Resource Requirement | Author and Year | Publisher |
|---|---|---|---|---|
| Readings | Australian Financial Accounting | Prescribed | Deegan, C. (Latest edition) | Irwin McGraw-Hill, Australia |
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 arrangements
- 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…
Melbourne, 2020, Semester 1, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorBalachandran Muniandy
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:
11
-
22
One 1.0 hours tutorial per week
on weekdays
during the day
from week 11 to week 22
and delivered via face-to-face.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| One Mid-Semester Test (equivalent to 1,000 words) | 20 | 01, 03 | |
| One Group Assignment (equivalent to 1,000 words per student) | 20 | 01, 03, 06 | |
| One 3-hour final examination (equivalent to 3,000 words) | 60 | 01, 02, 03, 04, 05, 06 |
Melbourne, 2020, Semester 2, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorBalachandran Muniandy
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:
32
-
43
One 1.0 hours tutorial per week
on weekdays
during the day
from week 32 to week 43
and delivered via face-to-face.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| One Mid-Semester Test (equivalent to 1,000 words) | 20 | 01, 03 | |
| One Group Assignment (equivalent to 1,000 words per student) | 20 | 01, 03, 06 | |
| One 3-hour final examination (equivalent to 3,000 words) | 60 | 01, 02, 03, 04, 05, 06 |
Sydney, 2020, Study Period 2, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorBalachandran Muniandy
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:
32
-
42
One 1.0 hours tutorial per week
on weekdays
during the day
from week 32 to week 42
and delivered via face-to-face.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| One Mid-Semester Test (equivalent to 1,000 words) | 20 | 01, 03 | |
| One Group Assignment (equivalent to 1,000 words per student) | 20 | 01, 03, 06 | |
| One 3-hour final examination (equivalent to 3,000 words) | 60 | 01, 02, 03, 04, 05, 06 |
Sydney, 2020, Study Period 1, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorBalachandran Muniandy
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:
11
-
22
One 1.0 hours tutorial per week
on weekdays
during the day
from week 11 to week 22
and delivered via face-to-face.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| One Mid-Semester Test (equivalent to 1,000 words) | 20 | 01, 03 | |
| One Group Assignment (equivalent to 1,000 words per student) | 20 | 01, 03, 06 | |
| One 3-hour final examination (equivalent to 3,000 words) | 60 | 01, 02, 03, 04, 05, 06 |