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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.

+ Subject Availability Modes and Location

Session 1
OnlineWagga Wagga Campus
On CampusCSU Study Centre Brisbane
On CampusCSU Study Centre Melbourne
On CampusCSU Study Centre Sydney
On CampusPort Macquarie
Session 2
On CampusCSU Study Centre Brisbane
On CampusCSU Study Centre Melbourne
On CampusCSU Study Centre Sydney
On CampusPort Macquarie
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.

Subject information

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

Enrolment restrictions

Postgraduate students only. Not available to students who have completed ACC516 or ACC590.
Prerequisite(s)Incompatible subject(s)Related subject(s)
ACC514ACC516 ACC590 ACC590 Subjects have significant overlapping content.
ACC516 The subjects have significant overlapping content

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.

Back

The information contained in the 2018 CSU Handbook was accurate at the date of publication: 24 November 2017. The University reserves the right to vary the information at any time without notice.