Company Accounting
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
09-February-2025
01-June-2025
08-June-2025
02-November-2025
08-February-2026
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 |
| TOTAL | 150 |
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 |
| TOTAL | 150 |
Assessment
| Type | Task | Weighting | ULO's |
|---|---|---|---|
| Assignment | Group | 20 - 30% | 1,2,3,4 |
| Examination | Individual | 40 - 60% | 1,2,3 |
| Test | Individual | 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.