Unit of Study ACCT6001 Company and Financial Reporting (2024)

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Unit Snapshot

Unit type

PG Coursework Unit
Credit points

12
Faculty & College

Faculty of Business, Law and Arts
Placement

No

Pre-requisites

ACCT5001 - Business Accounting
Anti-requisites

ACC00701 Accounting for Group Entities ACC00703 Business Financial Accounting

Unit description

Introduces the regulatory setting and the framework of financial reporting of companies listed on the Australian Stock Exchange, as well as specific techniques required to account for and report on transactions of corporate entities. In addition, the application of selected accounting standards in the financial reports will be reviewed and evaluated.

Unit content

Module 1: The financial reporting environment and Disclosures

Module 2: Accounting for non-current assets, acquisition of assets and intangible assets

Module 3: Accounting for liabilities, equity and leasing

Module 4: Accounting for income taxes

Module 5: Foreign currency and business combinations

Module 6: Consolidation

Availabilities

Location	Domestic	International
Gold Coast	Term2,5	Term2,5
Melbourne	N/A	Term2,5
Online	Term2,5	Term2,5
Perth	N/A	Term2,5
Sydney	N/A	Term2,5

Learning outcomes

Unit Learning Outcomes express learning achievement in terms of what a student should know, understand and be able to do on completion of a unit. These outcomes are aligned with the graduate attributes. The unit learning outcomes and graduate attributes are also the basis of evaluating prior learning.

On completion of this unit, students should be able to:

identify regulatory features, frameworks and disclosures for external financial reporting

apply accounting frameworks and standards relating to assets

apply accounting frameworks and standards related to liabilities, leasing, equity and income taxes

apply accounting frameworks and standards related to foreign currency transactions, business combinations and consolidation.

Teaching and assessment

Teaching method

Workshop 1 hour (Weekly)

Tutorial 2 hours (Weekly)

Assessment
Quiz	20%
Report	30%
Case study	50%

Teaching method

Workshop 1 hour (Weekly)

Tutorial 2 hours (Weekly)

Assessment
Quiz	20%
Report	30%
Case study	50%

Teaching method

Workshop 1 hour (Weekly)

Tutorial 2 hours (Weekly)

Assessment
Quiz	20%
Report	30%
Case study	50%

Teaching method

Workshop 1 hour (Weekly)

Tutorial 2 hours (Weekly)

Assessment
Quiz	20%
Report	30%
Case study	50%

Teaching method

Workshop 1 hour (Weekly)

Tutorial 2 hours (Weekly)

Assessment
Quiz	20%
Report	30%
Case study	50%

Prescribed learning resources

Prescribed Texts

CAANZ (Charted Accountants Australia and New Zealand), 2021, Financial Reporting Handbook 2021 Australia , 16th edn, John Wiley & Sons Australia, Australia. ISBN: 9780730392217.
Deegan, C, 2020, Financial Accounting , 9th edn, McGraw-Hill, Australia. ISBN: 9781743767672 (Pack - includes print book and Connect).

Prescribed Resources/Equipment

Access to a computer with a webcam and reliable internet connection. Students will be required to complete an onboarding process to verify their identity before attempting the online exam in this unit.
Relevant Accounting Standards (to be accessed online from the Australian Accounting Standards Board (AASB) website at https://aasb.gov.au/pronouncements/accounting-standards/

Prescribed Texts

Prescribed text information is not currently available.

Prescribed Resources/Equipment

Prescribed resources/equipment information is not currently available.

Prescribed Learning Resources may change in future Teaching Periods.

Fee information

Domestic

Commonwealth Supported courses
For information regarding Student Contribution Amounts please visit the Student Contribution Amounts.

Fee paying courses
For postgraduate or undergraduate full-fee paying courses please check Domestic Postgraduate Fees OR Domestic Undergraduate Fees.

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