ANU - STUDYAT - Corporate Accounting

Offered By:	School of Accounting & Business Info Systems
Academic Career:	Graduate Coursework
Course Subject:	Business
Offered in:	First Semester, 2010 and Second Semester, 2010
Unit Value:	6 units
Course Description:	This course examines the legal and professional requirements for financial reporting by Australian corporations.
Learning Outcomes:	On completion of the course, students should have: An understanding of the special nature of companies and the regulatory environment in which theyare formed and operate. A solid foundation in accounting and reporting requirements of the Corporations Act and relevantAustralian Accounting Standards Board (AASB) accounting standards. An understanding of the accounting requirements for an economic entity and familiarity with the theory underlying methods used to account for inter-company investments. The ability to prepare consolidated accounts for a two-tier corporate group. An understanding of the basic principles of accounting for investments in associates pursuant to the equity method. The ability to account for leases. Familiarisation with company reporting in accordance with international accounting standards
Indicative Assessment:	Tutorial participation and attendance 10% Research Report 10% Mid semester examination 20% Final examination 60% Total 100%
Workload:	This course will involve a weekly commitment of at least nine hours of study, comprising three contact hours per week and six hours of private study. You will need to set aside half this private study time for reading and half for class preparation.
Course Classification(s):	SpecialistSpecialist courses are designed for students having reached 'first degree' level of assumed knowledge, which provide for the acquisition of specialist skills; or 'second degree' and higher level of knowledge; or for transition to research training programs; or knowledge associated with professional accreditation. and TransitionalTransitional courses are designed for students from a broad range of backgrounds and learning achievements, which provide for the acquisition of generic skills; or an informed understanding of contemporary issues; or fundamental knowledge for transition to Advanced or Specialist courses.
Areas of Interest:	Accounting and Commerce
Eligibility:	At least an average of 65% (or equivalent) in the final two years of an Australian undergraduate degree
Assumed Knowledge and Required Skills:	You are expected to be proficient with the principles and practice of double-entry bookkeeping, in particular, journal entry and financial statement preparation. A thorough understanding of the main elements of the financial statements, for example, revenues, expenses, assets and liabilities, is also assumed. If it has been some time since you were familiar these areas, you might need to revise them. You are also expected to be familiar with accounting procedures regarding issue, forfeiture, and reissue of shares, and accounting for dividends and reserves. Again, you might need to refresh your memory if it has been some time since the prerequisites were studied.
Requisite Statement:	Prerequisite: BUSN7008 Financial Statements and Reporting.
Incompatibility:	Incompatible with BUSN2015
Prescribed Texts:	See Course Outline: http://ecocomm.anu.edu.au/courses/outline/BUSN7050.pdf
Preliminary Reading:	See Course Outline: http://ecocomm.anu.edu.au/courses/outline/BUSN7050.pdf
Programs:	Graduate Certificate in Accounting, Graduate Certificate in Accounting, Master of Business, Master of Commerce, Master of Professional Accounting, and Master of Accounting
Other Information:	For further information please refer to http://ecocomm.anu.edu.au/courses/course.asp?code=BUSN7050
Academic Contact:	See http://ecocomm.anu.edu.au/courses/course.asp?code=BUSN7050

Corporate Accounting BUSN7050 - Details