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ACC322 Company Accounting (8)

Abstract

This subject builds on the financial reporting skills and knowledge gained in successful completion of ACC222 External Reporting. The  subject is designed to prepare students for sought after financial reporting roles in both business and practice.  A range of challenging financial reporting topics including accounting for company income tax, consolidating financial statements, and accounting for foreign currency transactions and translations will be presented in this subject.

+ Subject Availability Modes and Location

Session 1
OnlineAlbury-Wodonga Campus
On CampusAlbury-Wodonga Campus
On CampusBathurst Campus
On CampusCSU Study Centre Melbourne
On CampusCSU Study Centre Sydney
On CampusPort Macquarie
On CampusWagga Wagga Campus
Session 2
OnlineAlbury-Wodonga Campus
Continuing students should consult the SAL for current offering details: ACC322
Where differences exist between the Handbook and the SAL, the SAL should be taken as containing the correct subject offering details.

Subject information

Duration Grading System School:
One sessionHD/FLSchool of Accounting and Finance

Enrolment restrictions

Not available to students who have completed ACC221 Corporate Accounting or ACC320 Financial Accounting 2.
Not available to students who have completed ACC382.
Not available to students who have completed RMBU3644.
Prerequisite(s)Incompatible subject(s)Related subject(s)
ACC222ACC221 ACC320 ACC382 ACC382 Similar subject content.
ACC320 Similar subject content.
ACC221 Similar subject content.

Learning Outcomes

Upon successful completion of this subject, students should:
  • be able to compute and account for company income tax; 
  • be able to prepare consolidated financial statements for economic entities where the parent has a 100% ownership interest in subsidiary and where a non-controlling interest is involved;
  • be able to account for foreign currency transactions;
  • be able to translate the financial statements of an overseas controlled entity which have been denominated in a foreign currency; and
  • be able to account for and prepare relevant financial report disclosures in relation to investments in associates and business combinations.

Syllabus

The subject will cover the following topics:
  • accounting for company income tax;
  • business combinations;
  • consolidated financial statements - method, acquisition and business combination valuation;
  • consolidated financial statements 2 - intragroup transactions;
  • consolidated financial statements 3 - non-controlling interests;
  • consolidated financial statements 4 - cash flow statements;
  • accounting for investments in associates;
  • foreign currency transactions; and
  • translation of Foreign Currency Financial Statements.

Back

The information contained in the 2018 CSU Handbook was accurate at the date of publication: 18 October 2017. The University reserves the right to vary the information at any time without notice.