| Effective Term: | 2025/04 |
| Institute / School : | Institute of Innovation, Science & Sustainability |
| Unit Title: | Corporate Accounting |
| Unit ID: | BUACC5932 |
| Credit Points: | 15.00 |
| Prerequisite(s): | (BUACC5930) |
| Co-requisite(s): | Nil |
| Exclusion(s): | Nil |
| ASCED: | 080101 |
| Other Change: | |
| Brief description of the Unit |
Corporate Accounting (BUACC5932) focuses on Australian and international financial reporting requirements pertaining to incorporated entities. The course content includes: (a) accounting issues which apply to incorporated entities generally, such as corporate regulation, income tax, company reports and disclosures, company reorganisation, mergers and acquisitions; (b) accounting issues relating to groups of companies, particularly the preparation of consolidated financial reports; (c) specialised corporate accounting issues such as equity accounting, accounting for joint ventures, and liquidations and receiverships. |
| Grade Scheme: | Graded (HD, D, C, P, MF, F, XF) |
| Work Experience Indicator: |
| No work experience |
| Placement Component: No |
| Supplementary Assessment:Yes |
| Where supplementary assessment is available a student must have failed overall in the Unit but gained a final mark of 45 per cent or above, has completed all major assessment tasks (including all sub-components where a task has multiple parts) as specified in the Unit Description and is not eligible for any other form of supplementary assessment |
| Course Level: |
| Level of Unit in Course | AQF Level(s) of Course | | 5 | 6 | 7 | 8 | 9 | 10 | | Introductory | | | | | | | | Intermediate | | | | |  | | | Advanced | | | | | | |
|
| Learning Outcomes: |
| Knowledge: |
| K1. | Describe the legal and professional requirements pertaining to accounting for incorporated entities within Australia and internationally |
|
| K2. | Comprehend the processes of statutory financial reporting by incorporated entities and the role of generally accepted accounting practices |
|
| K3. | Explain the strengths and limitations of corporate financial reports as a source of information |
|
| Skills: |
| S1. | Make corporate accounting decisions in accordance with statutory and professional requirements |
|
| S2. | Apply the rationale behind particular corporate accounting procedures |
|
| S3. | Prepare financial statements for individual companies and groups of companies which are compliant with accounting regulatory requirements |
|
| Application of knowledge and skills: |
| A1. | Adapt and apply principles of financial accounting in real world situations |
|
| A2. | Make decisions in respect to the appropriate application of financial accounting principles |
|
| A3. | Demonstrate corporate accounting understanding through a case study context |
|
| Unit Content: |
•Nature and regulation of companies and accounting procedures relating to their formation and operation
•Preparation and disclosure requirements for corporate financial reports
•Company reorganisation, mergers and acquisitions
•Selected Australian and international financial reporting regulations including accounting standards applying to tangible and intangible assets and their impairment; income taxation; business combinations and consolidations; equity accounting
•Liquidations and receiverships |
| Graduate Attributes: |
| | Learning Outcomes Assessed | Assessment Tasks | Assessment Type | Weighting | | 1. | K1, K2, S1, S2 | Progressive review of selected course content through mid semester test | Test | 10-20% | | 2. | K2, K3, S1, S2, S3, A1, A2, A3 | Completion of an assignment involving students working in groups and applying accounting knowledge and skills within case study contexts | Oral Presentation and / or Written Assignment | 20-40% | | 3. | K1, K2, K3, S1, S2, S3, A1, A2, A3 | Comprehensive review of course content | Examination | 50-60% |
|