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Unit of Study ACCT6001 - Company and Financial Reporting (2021)

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Unit Snapshot

  • Pre-requisites

    ACC00712 Business Accounting

  • Anti-requisites

    ACC00701 Accounting for Group Entities ACC00703 Business Financial Accounting

  • Enrolment information

    N/A

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

Topic 1: The financial reporting environment
Topic 2: Accounting for non-current assets
Topic 3: Accounting for acquisition of assets and intangible assets
Topic 4: Accounting for liabilities and equity
Topic 5: Accounting for income taxes
Topic 6: Financial reporting disclosure
Topic 7: Foreign currency translation
Topic 8: Consolidation

Availabilities

Location Domestic International
Melbourne N/A
Session1,2
Online
Session1,2
Session1,2
Perth N/A
Session1,2
Sydney
Session1
Session1,2

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:

explain the regulatory setting and the framework for external financial reporting

interpret and evaluate regulatory requirements governing financial reporting of Australian corporations

apply specific accounting standards, including those relating to assets, liabilities, equity, income taxes, foreign currency transactions, business combinations and consolidation in structured or unstructured settings

prepare General-Purpose Financial Reports for a publicly listed company and evaluate these reports.

Prescribed learning resources

Prescribed Texts
  • No prescribed texts.

Prescribed Texts
  • No prescribed texts.

Prescribed Learning Resources may change in future Teaching Periods.