Corporate Reporting

This subject has the following teaching availabilities in 2016:

Estimated total time commitment of 120 hours per semester

ACCT90004 Accounting for Decision Making or equivalent.

Notes: This subject cannot be taken by Master of Accounting students, unless they have received written permission from the Program Director, Master of Accounting.

For the purposes of considering request for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Student Support and Engagement Policy, academic requirements for this subject are articulated in the Subject Overview, Learning Outcomes, Assessment and Generic Skills sections of this entry.

It is University policy to take all reasonable steps to minimise the impact of disability upon academic study, and reasonable adjustments will be made to enhance a student's participation in the University's programs. Students who feel their disability may impact on meeting the requirements of this subject are encouraged to discuss this matter with a Faculty Student Adviser and Student Equity and Disability Support: http://services.unimelb.edu.au/disability

The framework within which regulatory aspects of corporate reporting are conducted, the preparation of general purpose financial reports in accordance with the Corporations Law, the Australian Accounting Standards, and Interpretations.

On successful completion of this subject, students should be able to:

• Describe the different types of corporate entities;
• Explain both the legislated and professional regulation that governs financial reporting of corporate entities;
• Prepare the information contained in Financial Statements and associated note disclosures in accordance with the relevant Accounting Standards;
• Apply key Accounting Standards. These include accounting for assets, revaluations, impairments, foreign currency transactions, leases, consolidations and income tax;
• Undertake basic evaluation of current Australian Standards and proposed amendments and new Standards;
• Resolve accounting problems by reference to accounting standards, including those not covered in the subject;
• Discuss and explain incentives that may influence accounting choices by preparers of financial reports.

• 3-hour end-of-semester examination (60%)
• A 1-hour mid-semester test (20%)
• A 1600 word group assignment (or equivalent) due in the latter part of the semester (10%)
• seminar assessment (continuous) (10%)

Note: Satisfactory completion of this subject requires a pass (50%) in the end-of-semester examination.

You will be advised of prescribed texts by your seminar leader.

This subject is not available as a breadth subject.

On successful completion of this subject, students should have improved the following generic skills:

• Analytical and problem solving skills;
• Application of theory to accounting practice;
• Critical evaluation of evidence in support of an argument or proposition;
• Teamwork skills through a collaborative assignment.

This subject cannot be taken by Master of Accounting students except with the permission of the Program Director, Master of Accounting.