COPORATE ACCOUNTING
BUSN7050
Corporate Accounting
Lecturer:
Dr Sorin Daniliuc
Course details
• This course covers:
– the characteristics of the Australian accounting environment and its financial reporting requirements for companies – accounting for owners’ equity (share capital and reserves)
– accounting for liabilities (debentures)
– accounting for income tax
– accounting for leases
– accounting for non-current assets (revaluation, impairment),
– accounting for intangible assets
– a comprehensive coverage of consolidation issues
– equity investments.
Research School of Accounting and Business Information Systems
2
Lecture outcomes
• Outcome 1: An understanding of the regulatory environment in which the companies are formed and operate in Australia.
• Outcome 2: A solid foundation in accounting and reporting requirements of the Corporations Act and relevant
Australian Accounting Standards Board (AASB) accounting standards. • Outcome 3: A comprehensive understanding of the advanced issues in accounting for assets, liabilities and owner’s equity.
• Outcome 4: The ability to account for income taxes.
• Outcome 5: The ability to account for leases.
Research School of Accounting and Business Information Systems
3
Lecture outcomes
• Outcome 6: The ability to account for intangible assets.
• Outcome 7: An understanding of the accounting requirements for a corporate group and familiarity with the theory underlying the methods used to account for intercompany investments.
• Outcome 8: The ability to prepare consolidated accounts for a corporate group.
• Outcome 9: An understanding of the basic principles of accounting for investments in associates.
Research School of Accounting and Business Information Systems
4
Course administration
• Students taking this course are expected to commit at least 10 hours a week to completing the work.
• This will include:
–
–
–
–
2 hours a week: lecture
1 hour a week: tutorial
6
Corporate Accounting
Lecturer:
Dr Sorin Daniliuc
Course details
• This course covers:
– the characteristics of the Australian accounting environment and its financial reporting requirements for companies – accounting for owners’ equity (share capital and reserves)
– accounting for liabilities (debentures)
– accounting for income tax
– accounting for leases
– accounting for non-current assets (revaluation, impairment),
– accounting for intangible assets
– a comprehensive coverage of consolidation issues
– equity investments.
Research School of Accounting and Business Information Systems
2
Lecture outcomes
• Outcome 1: An understanding of the regulatory environment in which the companies are formed and operate in Australia.
• Outcome 2: A solid foundation in accounting and reporting requirements of the Corporations Act and relevant
Australian Accounting Standards Board (AASB) accounting standards. • Outcome 3: A comprehensive understanding of the advanced issues in accounting for assets, liabilities and owner’s equity.
• Outcome 4: The ability to account for income taxes.
• Outcome 5: The ability to account for leases.
Research School of Accounting and Business Information Systems
3
Lecture outcomes
• Outcome 6: The ability to account for intangible assets.
• Outcome 7: An understanding of the accounting requirements for a corporate group and familiarity with the theory underlying the methods used to account for intercompany investments.
• Outcome 8: The ability to prepare consolidated accounts for a corporate group.
• Outcome 9: An understanding of the basic principles of accounting for investments in associates.
Research School of Accounting and Business Information Systems
4
Course administration
• Students taking this course are expected to commit at least 10 hours a week to completing the work.
• This will include:
–
–
–
–
2 hours a week: lecture
1 hour a week: tutorial
6