• Offered by Research School of Accounting
  • ANU College ANU College of Business and Economics
  • Course subject Business
  • Areas of interest Accounting
  • Academic career Undergraduate
  • Course convener
    • Dr Seng Teh
  • Mode of delivery In Person
  • Offered in First Semester 2018
    Second Semester 2018
    See Future Offerings

This course covers the characteristics of the Australian accounting environment and its financial reporting requirements for companies, and expands on accounting for non-current assets, accounting for intangible assets, accounting for liabilities and owners' equity, accounting for a range of financial accounting issues (e.g., leases and income tax), and, most importantly, provides a comprehensive coverage of consolidation issues and equity investments.

Learning Outcomes

On satisfying the requirements for this course, students should have:
Outcome 1: An understanding of the regulatory environment in which the companies are formed and operate in Australia.
Outcome 2: A foundation in accounting and reporting requirements of the Corporations Act and relevant Australian Accounting Standards Board (AASB) accounting standards.
Outcome 3: An understanding of the advanced issues in accounting for assets, liabilities and owners’ equity.
Outcome 4: The ability to account for a range of advanced financial accounting issues
Outcome 5: An understanding of the accounting requirements for a corporate group and familiarity with the theory underlying the methods used to account for inter-company investments.
Outcome 6: The ability to prepare consolidated accounts for a corporate group.
Outcome 7: An understanding of the basic principles of accounting for investments in associates.
Outcome 8: The ability to analyse complex issues, to formulate well reasoned and coherent arguments and to reach well considered conclusions.
Outcome 9: The ability to communicate effectively both verbally and in writing.

Other Information

See the course outline on the College courses page. Outlines are uploaded as they become available. 

Indicative Assessment

Typical assessment may include, but not restricted to, class participation, assignment(s), quizzes and examination(s).

    The ANU uses Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. While the use of Turnitin is not mandatory, the ANU highly recommends Turnitin is used by both teaching staff and students. For additional information regarding Turnitin please visit the ANU Online website.

    Workload

    Students taking this course are expected to commit at least 10 hours a week to completing the work. This will include 3 hours per week in class and at least 7 hours a week on average (including non-teaching weeks) on course reading, research, writing and assignment work.

    Requisite and Incompatibility

    To enrol in this course you must have completed BUSN1002.

    Assumed Knowledge

    You are expected to be proficient with the principles and practice of double-entry bookkeeping, in particular, journal entry and financial statement preparation. A thorough understanding of the main elements of the financial statements, for example, revenues, expenses, assets and liabilities, is also assumed. If it has been some time since you were familiar these areas, you might need to revise them. You are also expected to be familiar with accounting procedures regarding issue, forfeiture, and reissue of shares, and accounting for dividends and reserves. Again, you might need to refresh your memory if it has been some time since the prerequisites were studied.

    Majors

    Minors

    Fees

    Tuition fees are for the academic year indicated at the top of the page.  

    If you are a domestic graduate coursework or international student you will be required to pay tuition fees. Tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found at Fees.

    Student Contribution Band:
    Band 3
    Unit value:
    6 units

    If you are an undergraduate student and have been offered a Commonwealth supported place, your fees are set by the Australian Government for each course. At ANU 1 EFTSL is 48 units (normally 8 x 6-unit courses). You can find your student contribution amount for each course at Fees.  Where there is a unit range displayed for this course, not all unit options below may be available.

    Units EFTSL
    6.00 0.12500
    Note: Please note that fee information is for current year only.

    Offerings and Dates

    The list of offerings for future years is indicative only

    First Semester

    Class number Class start date Last day to enrol Census date Class end date Mode Of Delivery
    2613 19 Feb 2018 26 Feb 2018 31 Mar 2018 25 May 2018 In Person

    Second Semester

    Class number Class start date Last day to enrol Census date Class end date Mode Of Delivery
    7589 23 Jul 2018 30 Jul 2018 31 Aug 2018 26 Oct 2018 In Person

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