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.
2022 teaching periods
Hawthorn Higher Ed. Semester 2 |
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Dates: Results: Last self enrolment: Census: Last withdraw without fail: |
Swinburne Online Teaching Period 3 |
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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 different phases of the business cycle, including acquisitions and trading as a single entity 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, property plant and equipment, impairment of assets, revenue, leases and financial instruments, 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 and content.
Teaching methods
Hawthorn
Type | Hours per week | Number of Weeks | Total |
Face to Face Contact Class | 2 | 12 | 24 |
Online Contact Directed Online Learning and Independent Learning | 1 | 12 | 12 |
Unspecified Learning Activities Independent Learning | 9.5 | 12 | 114 |
TOTAL | 150 hours |
Swinburne Online
Type | Hours per week | Number of Weeks | Total |
Online Contact Directed Online Learning and Independent Learning | 12.5 | 12 | 150 |
TOTAL | 150 hours |
Assessment
1. Test (Individual) 20-30%
2. Assignment (Group) 20-30%
3. Final Examination (Individual) 40-60%
Content
- Nature & Regulation of Companies
- Revenue
- Financial Instruments
- Leases
- Accounting for Income Tax
- Business Combinations
- Group Accounting (Subsidiaries)
- Accounting for Property Plant and Equipment & Impairment of Assets
- Accounting Standards, Financial Statement Disclosure, Sustainability 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.