BUSN3047 Company Accounting

Dr Philip Palmer

2021

4.5

2 x 1-hour lectures weekly
1 x 1-hour tutorial weekly

1 BUSN2036 - Financial Accounting Issues
1a BUSN2005 - Financial Accounting Issues
Must Satisfy: ((1 or 1a))

BUSN3002 has been successfully completed

A basic understanding of accounting and financial statements such as can be obtained in BUSN1002 Financial Accounting Processes. In particular, material relating to company formation, share issues, non-current liabilities and assets.

This topic traces the life-cycle of the company in terms of accounting and reporting with specific reference to accounting for company income tax; business combinations; consolidations and liquidation.

This topic aims to:

Provide students with a detailed knowledge of the impact of specific regulatory requirements and accepted accounting principles upon corporate accounting procedures
Enhance students' existing knowledge of the factors regulating corporate accounting in Australia
Develop an ability to critically evaluate accounting and reporting requirements
Trace the life-cycle of the company with emphasis on corporate accounting procedures, and problems involved
Develop generic cognitive skills (especially analytical and evaluative skills)
Develop behavioural skills (especially personal and interpersonal skills) which can be employed in an organisational work environment

On completion of this topic you will be expected to be able to:

Apply the principles of the balance sheet approach to tax-effect accounting and evaluate its desirability

Account for business combinations

Explain the need for and prepare consolidated financial statements for economic entities comprising more than one legal entity

Explain the process of liquidation of companies and account for the winding up of a company

Key dates and timetable

Timetable details for 2021 are no longer published.

This information is from current details held on the Student Information System. Please report any errors or omissions to the relevant College Office.