In the context of the internationalisation of accounting this subject deals with the corporate form of business organisation, the form and content of corporate financial statements, how to account for: taxation of company profits; acquisition of another entity; and expansion into an economic entity (parent-controlled entity; and investor-investee relationships). Consolidation, including the elimination of inter-entity transactions, direct outside recognition and an introduction to indirect outside equity interest are studied. Foreign currency transactions and translation of foreign currency statements are also covered in the subject.
No offerings have been identified for this subject in 2021.
School of Accounting and Finance
Bachelor of Business Studies students only. Not available to students who have completed ACC221, ACC320 or ACC322
ACC222 or ACC282
ACC322 This subject is identical to ACC322, except for mode of delivery and method of assessment
Corporate financial accounting, in both the national and international environment. Accounting for company income tax. The form and content of published financial reports, including interim and concise reports. The economic entity and consolidated financial statements: acquisition, inter-entity transactions, direct outside equity interest, introduction to indirect outside equity interest, foreign currency transactions, translation of foreign currency financial statements, and consolidated statement of cash flows. Accounting for associates.
The information contained in the CSU Handbook was accurate at the date of publication: May 2021. The University reserves the right to vary the information at any time without notice.