Overview

The aim of Company Accounting is to introduce and familiarise students with mandatory reporting practices with an emphasis on international accounting standards and the Australian corporate regulatory framework. Students will be made aware of different technical methods and the theoretical underpinning of these methods in order to assist them in the preparation of accounting information and financial statements in a form suitable for publication. These concepts will be illustrated and applied through different phases of the business cycle, including acquisitions and trading as a single entity or group of related entities.

Requisites

Prerequisites
ACC10008 Financial Information Systems
Teaching periods
Location
Start and end dates
Last self-enrolment date
Census date
Last withdraw without fail date
Results released date
Semester 2
Location
Hawthorn
Start and end dates
29-July-2024
27-October-2024
Last self-enrolment date
11-August-2024
Census date
31-August-2024
Last withdraw without fail date
13-September-2024
Results released date
03-December-2024
Teaching Period 3
Location
Online
Start and end dates
04-November-2024
09-February-2025
Last self-enrolment date
17-November-2024
Census date
29-November-2024
Last withdraw without fail date
27-December-2024
Results released date
04-March-2025
Semester 1
Location
Hawthorn
Start and end dates
03-March-2025
01-June-2025
Last self-enrolment date
16-March-2025
Census date
31-March-2025
Last withdraw without fail date
24-April-2025
Results released date
08-July-2025
Teaching Period 1
Location
Online
Start and end dates
10-March-2025
08-June-2025
Last self-enrolment date
23-March-2025
Census date
04-April-2025
Last withdraw without fail date
02-May-2025
Results released date
Semester 2
Location
Hawthorn
Start and end dates
04-August-2025
02-November-2025
Last self-enrolment date
17-August-2025
Census date
31-August-2025
Last withdraw without fail date
19-September-2025
Results released date
09-December-2025
Teaching Period 3
Location
Online
Start and end dates
03-November-2025
08-February-2026
Last self-enrolment date
16-November-2025
Census date
28-November-2025
Last withdraw without fail date
02-January-2026
Results released date

Learning outcomes

Students who successfully complete this unit will be able to:

  • Demonstrate comprehensive accounting knowledge in such areas as business combinations, consolidations, accounting for income tax, property plant and equipment, impairment of assets, revenue, leases and financial instruments, and preparation of group financial statements
  • Apply critical thinking and problem solving skills to solve financial accounting problems
  • Undertake independent research skills and communicate solutions utilizing relevant accounting standards, corporations’ legislation and accounting and other relevant frameworks
  • Work collaboratively in groups to develop appropriate and relevant solutions to accounting problems

Teaching methods

Hawthorn

Type Hours per week Number of weeks Total (number of hours)
On-campus
Class		2.00 12 weeks 24
Online
Lecture		1.00 12 weeks 12
Unspecified Activities
Various		9.50 12 weeks 114
TOTAL150

Swinburne Online

Type Hours per week Number of weeks Total (number of hours)
Online
Directed Online Learning and Independent Learning		12.50 12 weeks 150
TOTAL150

Assessment

Type Task Weighting ULO's
AssignmentGroup 20 - 30% 1,2,3,4 
ExaminationIndividual 40 - 60% 1,2,3 
TestIndividual 20 - 30% 1,2 

Content

  • Nature & Regulation of Companies
  • Revenue
  • Financial Instruments
  • Leases
  • Accounting for Income Tax
  • Business Combinations
  • Group Accounting (Subsidiaries)
  • Accounting for Property Plant and Equipment & Impairment of Assets
  • Accounting Standards, Financial Statement Disclosure, Sustainability Reporting
  • Earnings Per Share (including diluted EPS)
  • Government grants
  • Analysis and interpretation of group financial statements

Study resources

Reading materials

A list of reading materials and/or required textbooks will be available in the Unit Outline on Canvas.