Corporate Accounting (11214.2)

Please note these are the 2026 details for this unit
Home
/
Find your course
/
Corporate Accounting
Available teaching periods Delivery mode Location
View teaching periods On-campus
 Bruce, Canberra
EFTSL Credit points Faculty
0.125 3 Faculty Of Business, Government & Law
Discipline Study level HECS Bands
Canberra Business School Level 2 - Undergraduate Intermediate Unit Band 4 2021 (Commenced After 1 Jan 2021)
Band 4 2021 (Commenced After 1 Jan Social Work_Exclude 0905)
Band 5 2021 (Commenced Before 1 Jan 2021)
Corporate Accounting extends the material covered in Accounting Systems and Practices. This is a technical financial accounting unit which explores accounting standards used by companies in Australia when preparing their annual reports for shareholders and other users of financial information. Topics covered include, but are not limited to, accounting for income taxes, property plant and equipment, impairment, fair value measurement, and consolidation. The unit also evaluates alignment of accounting regulations with the objectives of financial reporting, as articulated in the Conceptual Framework.

Learning outcomes

After successful completion of this unit, students will be able to:
1. Apply accounting regulations to corporate groups with fully-owned domestic subsidiaries;
2. Assess opportunities for creative accounting within accounting regulations and their impact on users;
3. Evaluate the alignment between accounting regulations and the AASB Conceptual Framework and;
4. Engage in active, experiential and reflective learning that focuses on accounting practice and the profession.


Graduate attributes

1. UC graduates are professional - communicate effectively
1. UC graduates are professional - display initiative and drive, and use their organisation skills to plan and manage their workload
1. UC graduates are professional - employ up-to-date and relevant knowledge and skills
1. UC graduates are professional - take pride in their professional and personal integrity
1. UC graduates are professional - use creativity, critical thinking, analysis and research skills to solve theoretical and real-world problems
1. UC graduates are professional - work collaboratively as part of a team, negotiate, and resolve conflict
2. UC graduates are global citizens - adopt an informed and balanced approach across professional and international boundaries
2. UC graduates are global citizens - behave ethically and sustainably in their professional and personal lives
2. UC graduates are global citizens - communicate effectively in diverse cultural and social settings
2. UC graduates are global citizens - make creative use of technology in their learning and professional lives
2. UC graduates are global citizens - think globally about issues in their profession
2. UC graduates are global citizens - understand issues in their profession from the perspective of other cultures
3. UC graduates are lifelong learners - adapt to complexity, ambiguity and change by being flexible and keen to engage with new ideas
3. UC graduates are lifelong learners - be self-aware
3. UC graduates are lifelong learners - evaluate and adopt new technology
3. UC graduates are lifelong learners - reflect on their own practice, updating and adapting their knowledge and skills for continual professional and academic development


Prerequisites

11212 Accounting Systems and Practices.

Corequisites

None.

Incompatible units

None.

Equivalent units

6391 Company Accounting.

Assumed knowledge

A strong understanding of debit credit rules and how to apply the definitions of the major elements of financial accounting (assets, liabilities, owners equity, income and expenses).
Availability for enrolment in 2026 is subject to change and may not be confirmed until closer to the teaching start date.
Year Location Teaching period Teaching start date Delivery mode Unit convener
2025 Bruce, Canberra Semester 1 03 February 2025 On-campus Dr Romalani Leofo
2025 Bruce, Canberra Semester 2 28 July 2025 On-campus Dr Romalani Leofo
2026 Bruce, Canberra Semester 1 16 February 2026 On-campus Dr Romalani Leofo
2026 Bruce, Canberra Semester 2 10 August 2026 On-campus Dr Romalani Leofo
The information provided should be used as a guide only. Timetables may not be finalised until week 2 of the teaching period and are subject to change. Search for the unit timetable.

Required texts

Prescribed textbook:

Loftus, J., Leo, K., Daniliuc, S., Luke, B., Ang, H.N., Bradbury, M., Hanlon, D., Knapp, J., Boys, & Byrnes, K. (2023). Financial reporting (4th ed.). Milton: John Wiley & Sons Australia.

There are some copies of the textbook available in the UC library.

The e-book can be purchased directly through the publisher website: https://www.wileydirect.com.au/buy/financial-reporting/

It is highly recommended that you have access to the prescribed textbook for background knowledge and to reinforce class material.

Submission of assessment items

Extensions & Late submissions

Use of AI is not permitted in this unit

The University's position is that artificial intelligence services must not be used for assessment or assessment preparation by students unless explicitly allowed in the assessment instructions for an assessment task published with the assessment task and/or in the unit outline. That is, an AI service may only be used if:

a) its use is authorised by the unit convener as part of the specified task; and

b) it is used in the way allowed in the assessment instructions and/or unit oultine; and

c) its use is appropriately referenced, meaning that the students must reference the use of AI in their assessment in the same way as they reference other source material. 

The use of AI has not been specified in the assessment instructions for the unit or in the unit outline and thus, AI is not a permissible resource. 

Special assessment requirements

Final grades in this subject will be assessed according to performance in each of the assessment items identified above. In order to pass this unit, you must obtain:

  • an overall total score of at least 50% AND
  • submit all assessment items marked as mandatory.

Students must achieve a minimum of 50% of the total marks available in this unit to pass this unit.

Students must apply academic integrity in their learning and research activities at UC. This includes submitting authentic and original work for assessments and properly acknowledging any sources used.

Academic integrity involves the ethical, honest and responsible use, creation and sharing of information. It is critical to the quality of higher education. Our academic integrity values are honesty, trust, fairness, respect, responsibility and courage.

UC students have to complete the Academic Integrity Module annually to learn about academic integrity and to understand the consequences of academic integrity breaches (or academic misconduct).

UC uses various strategies and systems, including detection software, to identify potential breaches of academic integrity. Suspected breaches may be investigated, and action can be taken when misconduct is found to have occurred.

Information is provided in the Academic Integrity Policy, Academic Integrity Procedure, and University of Canberra (Student Conduct) Rules 2023. For further advice, visit Study Skills.

Participation requirements

Lectures, tutorials and workshops sessions are essential learning opportunity in this unit.

As an advanced unit in financial accounting, it is important that students prioritise attendance in class.

There is a strong link between unit success and lecture/tutorial/workshop attendance.

Required IT skills

This unit is likely to involve some online meetings in real-time using online platforms. To participate verbally, rather than just typing, you will need a microphone. For best audio quality we recommend a microphone and speaker headset.

Students are expected to be able to use Microsoft Word and Excel in addition to University systems available over the Internet (e.g. MyUC, Email, E-Reserve, Canvas, Library Catalogue, and Library Databases). Students are encouraged to use Zotero, Endnote or RefWorks for managing references for their research assignment.

Work placement, internships or practicums

None

Additional information

The unit convener does not accept any responsibility for any errors identified in the publisher's solutions.

The unit convener is only responsible for the accuracy of solutions/questions/quizzes provided by the unit convener.

Next step

Apply now Enquire