Corporate Accounting and Reporting

Overview

This unit aims to develop students’ knowledge and skills in corporate accounting and reporting in accordance with Australian and international accounting standards, with a focus on the preparation and analysis of financial statements for corporate entities and groups. The unit integrates technical accounting principles, professional judgement, and disclosure requirements, including sustainability considerations, to support informed and ethical decision-making within a contemporary regulatory context.

Unit learning outcomes

Students who successfully complete this unit will be able to:

1. Demonstrate knowledge and application of key corporate accounting standards to report financial information for individual entities and corporate groups.Enter unit learning outcome
2. Apply critical thinking and problem solving skills to solve financial accounting problems
3. Conduct independent research, evaluate accounting issues, and clearly communicate findings with reference to applicable accounting standards, legislation, and regulatory frameworks.
4. Work collaboratively in groups to develop appropriate and relevant solutions to accounting problems

Teaching methods

Hawthorn

Swinburne Online

Assessment

Content

• Accounting Regulation
• Financial Statement Presentation and Disclosure
• Sustainability Reporting
• Property, Plant and Equipment (PPE)
• Intangible Assets
• Impairment of Assets
• Provisions, Contingent Liabilities and Contingent Assets
• Leases
• Revenue
• Income Taxes
• Business Combinations
• Consolidated Financial Statements

The following additional topics apply exclusively to Sarawak and INTI due to ACCA accreditation:

• Financial Instruments
• Earnings Per Share (including diluted EPS)
• Government grants