This unit of study extends understanding of accounting concepts and their application to the corporate form of ownership. This unit takes a critical approach to accepted corporate reporting practices and current developments in accounting and financial regulation for corporations and further develops professional practice through concepts such as accounting for the issue and reorganisation of share capital; inter-company investments; specific corporate financial accounting practices, including accounting for company income tax; impairment and revaluation of assets; intangible assets. The unit also explores current financial reporting issues as relevant to contemporary multinational businesses.

Unit details

Study level:
Postgraduate
Credit points:
12
Unit code:
BAO5525

Prerequisites

BAO5543 - Accounting Systems and Processes

Learning Outcomes

On successful completion of this unit, students will be able to:
  1. Deconstruct business problems by interrogating a range of data including analysing and interpreting quantitative economic and financial and business data;  
  2. Justify the most suitable accounting model for a given organisation/context;  
  3. Critically examine and assess the impact of financial reporting changes in Australian and International contexts;  
  4. Interpret findings through quantitative analysis; and  
  5. Advocate the findings effectively to business and to broader audiences.  

Assessment

Assessment type Description Grade
Case Study Case study on contemporary accounting issues 25%
Assignment Group consolidation assignment 25%
Examination Final examination 50%

Required reading

Financial accounting 9th edn
Deegan, C. (2020),
Australia: McGraw-Hill.

Where to next?

As part of a course

This unit is studied as part of the following courses. Refer to the course page for information on how to apply for the course.

You can choose to study this unit as part of the following courses. Refer to the course page for information on how to structure your course to include this unit.

VU takes care to ensure the accuracy of this unit information, but reserves the right to change or withdraw courses offered at any time. Please check that unit information is current with the Student Contact Centre.