ACG509 Global Perspectives of Accounting (8)

This subject presents concepts dealing with complex financial accounting issues within the regulatory and conceptual framework from an international context. Students will explore consolidated financial reporting and account for the impacts of foreign currency translations and transfer costs across international borders. The subject will also consider the impacts of related-party international dealings from a social accountability perspective.


Session 3 (90)
Bathurst Campus

Continuing students should consult the SAL for current offering details: ACG509. 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



One session


School of Accounting and Finance

Enrolment Restrictions

Postgraduate students only and not available to students who have completed ACC567 or ACC514


ACG511 and ACG508

Subject Relationships

ACC567 Overlapping Content

Learning Outcomes

Upon successful completion of this subject, students should:
  • be able to interpret and compare 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 apply professional judgement in the preparation of financial statements for each of the above-mentioned business combinations in accordance with relevant professional and statutory reporting requirements;
  • be able to discuss and apply the relevant accounting standards and statutory reporting requirements for foreign currency dealings and segment reporting;
  • be able to discuss the treatment of international in-house transactions policies such as transfer pricing strategies; and
  • be able to critically analyse, synthesise and report upon the information contained within published financial statements and annual reports.


This subject will cover the following topics:
  • Business combinations
  • Consolidations
  • Investment in associates and joint ventures
  • Foreign interactions: currency translations
  • Entity statements
  • Transfer pricing decisions

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.