Company Accounting
Duration
- One Semester or equivalent
Contact hours
- 36 hours
On-campus unit delivery combines face-to-face and digital learning. For Online unit delivery, learning is conducted exclusively online.
2021 teaching periods
Hawthorn
| Higher Ed. Semester 1 | Higher Ed. Semester 2 | |
|---|---|---|
Dates: Results: Last self enrolment: Census: Last withdraw without fail: |
Dates: Results: Last self enrolment: Census: Last withdraw without fail: |
Swinburne Online
| Teaching Period 2 | ||
|---|---|---|
Dates: Results: Last self enrolment: Census: Last withdraw without fail: |
Prerequisites
Aims and objectives
The aim of Company Accounting is to introduce and familiarise students with mandatory reporting practices with an emphasis on international accounting standards and the Australian corporate regulatory framework. Students will be made aware of different technical methods and the theoretical underpinning of these methods in order to assist them in the preparation of accounting information and financial statements in a form suitable for publication. These concepts will be illustrated and applied through the various stages of a business, from its inception through to further acquisitions, trading and termination of a business or group of related entities.
Students who successfully complete this unit will be able to:
1. Demonstrate comprehensive accounting knowledge in such areas as business combinations, consolidations, accounting for income tax, liquidation of companies and preparation of group financial statements.
2. Apply critical thinking and problem solving skills to solve financial accounting problems.
3. Undertake independent research skills and communicate solutions utilizing relevant accounting standards, corporations’ legislation and accounting and other relevant frameworks.
Unit information in detail
- Teaching methods, assessment, general skills outcomes and content.
Teaching methods
Face to Face Mode:
Scheduled hours: Lectures (12 x 1 hour) - 12 hours, Tutorials (12 x 2 hours) - 24 hours
Online Mode: SOL
Student workload:
For all teaching and learning structures (both face to face and online), students are expected to spend an average of 150 hours per unit in total over the duration of the study period
This includes all:
• Scheduled teaching and learning events and activities (contact hours timetabled in a face-to-face teaching space) and scheduled online learning events (contact hours scheduled in an online teaching space), and
To be successful, students should:
• Read all prescribed materials and/or view videos in preparation for each class
• Attend and engage in all scheduled classes (face to face or online)
• Start assessment tasks well ahead of the due date, and submit assessments promptly
• Read / listen to all feedback carefully, and consider it for future assessment
• Engage with fellow students and teaching staff (don’t hesitate to ask questions)
Scheduled hours: Lectures (12 x 1 hour) - 12 hours, Tutorials (12 x 2 hours) - 24 hours
Online Mode: SOL
Engaging with online content and discussions
For all teaching and learning structures (both face to face and online), students are expected to spend an average of 150 hours per unit in total over the duration of the study period
This includes all:
• Scheduled teaching and learning events and activities (contact hours timetabled in a face-to-face teaching space) and scheduled online learning events (contact hours scheduled in an online teaching space), and
• Non-scheduled learning events and activities (including directed online learning activities, assessments, independent study, student group meetings, and research)
• Read all prescribed materials and/or view videos in preparation for each class
• Attend and engage in all scheduled classes (face to face or online)
• Start assessment tasks well ahead of the due date, and submit assessments promptly
• Read / listen to all feedback carefully, and consider it for future assessment
• Engage with fellow students and teaching staff (don’t hesitate to ask questions)
Assessment
1. Test (Individual) 20-30%
2. Assignment (Group) 20-30%
3. Final Examination (Individual) 40-60%
General skills outcomes
During this unit students will receive feedback on the following key generic skills:
- Teamwork skills
- analysis skills
- communication skills
- ability to tackle unfamiliar problems, and
- ability to work independently
Content
- Nature & Regulation of Companies
- Shareholders' Equity: Share Capital and Reserves (includes advanced issues)
- Accounting for Income Tax
- Business Combinations
- Group Accounting (Subsidiaries, Associates, Joint Ventures)
- Accounting for Property Plant and Equipment & Impairment of Assets
- Liquidations
- Accounting Standards, Financial Statement Disclosure, Corporate Governance, Integrated Reporting
Study resources
- Reading materials.
Reading materials
Students are advised to check the unit outline in the relevant teaching period for appropriate textbooks and further reading.