chinese australia

TACC505 Corporate Accounting

TACC505 Corporate Accounting
 Campus:  Australian Technology Park, Eveleigh, NSW 2015
 Units of Credit:  6
 Prerequisite or Corequisite:  Prerequisite: TACC401 and TACC406
 EFTSL*:  0.125
 Indicative Contact Hours per Week:  3
 Tuition Fee  See Tuition Fee Schedule
 Application Date:  See Key Dates
 Unit Overview:

This unit introduces students to corporate accounting and the external financial reporting environment. The focus throughout the unit  is on developing students' skills in the preparation of general purpose financial reports that comply with Australia’s corporate legislation, primarily the Corporations Act, and accounting standards issued by the Australian Accounting Standards Board.

This unit begins by introducing the regulatory environment in which general purpose financial statements are prepared: the conceptual framework, principles of disclosure and requirements for the presentation of the financial statements, and measurement principles applied in the preparation of financial statements. This unit then covers accounting for income taxes and non-current tangible and intangible assets. More advanced topics, such as business combinations and asset impairment, and accounting for investments in subsidiaries and associated entities are also investigated. 

A primary objective of this unit is for students to gain an understanding of how to apply the accounting standards in the preparation of consolidated financial statements and the theory that underpins the information content of those financial statements.

 

 

 *EFTSL = Equivalent full-time study load