Company Accounting (6391.4)

Please note these are the 2018 details for this unit
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Company Accounting
Available teaching periods Delivery mode Location
View teaching periods
EFTSL Credit points Faculty
0.125 3 Faculty Of Business, Government & Law
Discipline Study level HECS Bands
School Of Information Systems & Accounting 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)
Company Accounting extends the material covered in Accounting Systems and Practices. This unit explores accounting standards used by companies in Australia when preparing their annual reports. Topics covered include accounting for income taxes, cash flows, impairment, fair value measurement, and consolidation. The unit also evaluates alignment of accounting regulations with the objectives of financial reporting.

Learning outcomes

Students who successfully complete this unit 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; and
3. Evaluate the alignment between accounting regulations and the AASB Conceptual Framework.


Graduate attributes

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 - work collaboratively as part of a team, negotiate, and resolve conflict
2. UC graduates are global citizens - communicate effectively in diverse cultural and social settings


Prerequisites

Accounting for Managers;
Accounting Systems and Practices.

Corequisites

None.

Assumed knowledge

None
Year Location Teaching period Teaching start date Delivery mode Unit convener
Not available

Required texts

Loftus, J., Leo, K., Daniliuc, Boys, S.,Luke, B., Ang, H., & Byrnes, K. (2018). Financial Reporting (2nd ed.). Milton, Qld: John Wiley & Sons Australia.

AASB accounting standards, framework, and interpretations- www.aasb.gov.au

A copy of the text can be purchased from the Co-Op Bookshop. There are some copies of the text available in the university library.
It is important that you have access to the text for background knowledge and to reinforce class material.

Submission of assessment items

Special assessment requirements

Students who submit all pieces of assessment, achieve an overall mark of 50% and a minimum of 40% in the final exam will pass the 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

Participation is not required.  However, evidence strongly suggests that students who attend lectures and tutorials and prepare for tutorials do extremely well in this unit than those who do not and do extremely poor performance.

Required IT skills

None

Work placement, internships or practicums

None

Additional information

The onus is on you to clarify issues in a timely manner

If there is any doubt with regard to the requirements of any assignment or assessment procedure, the onus for clarifying the issue rests with the student who should contact the lecturer about the matter.