ACC567 Financial Accounting 2 (8)
Abstract|
This subject deals with the accounting and reporting requirements of corporations set down by legislation and the professional accounting bodies in Australia. It follows on from ACC514 Financial Accounting, concentrating on accounting for different forms of business combinations, including parent-subsidiary relationships, foreign subsidiaries, and associated companies. |
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+ Subject Availability Modes and Location
| Session 1 | | Internal | CSU Study Centre Melbourne | | Internal | CSU Study Centre Sydney | | Distance* | Wagga Wagga Campus | Session 2 | | Internal | CSU Study Centre Melbourne | | Internal | CSU Study Centre Sydney | Session 3 | | Distance* | Wagga Wagga Campus |
*This subject offering contains a residential school. Please view following information for further details.
Continuing students should consult the SAL for current offering details: ACC567
Where differences exist between the Handbook and the SAL, the SAL should be taken as containing the correct subject offering details.
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Subject information| Duration | Grading System | School: |
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| One session | HD/FL | School of Accounting and Finance |
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Enrolment restrictions|
Postgraduate students only. Not available to students who have completed ACC516 or ACC590. |
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| Prerequisite(s) | Incompatible subject(s) | Related subject(s) |
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| ACC514 | ACC516 ACC590 | ACC590 Subjects have significant overlapping content.
ACC516 The subjects have significant overlapping content.
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Learning OutcomesUpon successful completion of this subject, students should:
- be able to explain the relationships that exist between a parent company and its subsidiary(ies), an investor and its investee, a company and its overseas subsidiaries;
- be able to prepare accounts for each of the above-mentioned business combinations in accordance with relevant professional and statutory reporting requirements;
- be able to discuss the relevant accounting standards and statutory reporting requirements for foreign currency dealings, segment reporting, and leases;
- be able to critically assess and report upon the information contained within published financial statements.
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SyllabusThe subject will cover the following topics:
- Accounting for Company Combinations: Business Combinations, Consolidated Financial Statements (intercompany transactions, outside equity interest), Equity Accounting;
- Accounting for Foreign Dealings: Foreign currency transactions and translating foreign financial statements;
- Analysis and interpretation of company financial statements;
- Accounting standards: Segment reporting, Accounting for Leases, Long term construction contracts.
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Residential School| This subject contains a compulsory 3 day residential school.
The primary objectives of the residential school are: to provide an interactive face to face learning environment, to answer student questions about the subject and to assist students to focus their studies for the remainder of the session. Staff at the residential school will review the subject material covered up to that date and outline the remaining topics. Subject readings will be discussed and placed in context.
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Back
The information contained in the 2016 CSU Handbook was accurate at the date of publication: 06 September 2016. The University reserves the right to vary the information at any time without notice.
