ACC567 Financial Accounting 2 (8)

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.

Subject availability
Session 1 (30)
On Campus
CSU Study Centre Brisbane
CSU Study Centre Melbourne
CSU Study Centre Sydney
Online
Wagga Wagga Campus
Session 2 (60)
On Campus
CSU Study Centre Brisbane
CSU Study Centre Melbourne
CSU Study Centre Sydney
Port Macquarie
Continuing students should consult the SAL for current offering details. Where differences exist between the Handbook and the SAL, the SAL should be taken as containing the correct subject offering details.
Subject Information
Grading System
HD/FL
Duration
One session
School
School of Accounting and Finance
Enrolment restrictions

Postgraduate students only. Not available to students who have completed ACC516 or ACC590.

Prerequisites
ACC514
Subject Relationships
ACC590 Subjects have significant overlapping content.ACC516 The subjects have significant overlapping content
Incompatable Subjects
ACC516 ACC590
Learning Outcomes
Upon 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; and
  • be able to critically assess and report upon the information contained within published financial statements.
Syllabus
The 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.
Contact
Current Students

For any enquiries about subject selection or course structure you will need to contact your Course Director. You can find the name and contact details for your Course Director in your offer letter or contact your School office.

Prospective Students

For further information about Charles Sturt University, or this course offering, please contact info.csu on 1800 334 733 (free call within Australia) or enquire online.

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

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