• Offered by Research School of Accounting
  • ANU College ANU College of Business and Economics
  • Course subject Business
  • Areas of interest Accounting
  • Academic career UGRD
  • Course convener
    • Dr Xiuye Zhang
  • Mode of delivery In Person
  • Offered in First Semester 2017
    Second Semester 2017
    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

Upon successful completion, students will have the knowledge and skills to:

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:
    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
    Domestic fee paying students
    Year Fee
    2017 $3660
    International fee paying students
    Year Fee
    2017 $4878
    Note: Please note that fee information is for current year only.

    Offerings, Dates and Class Summary Links

    The list of offerings for future years is indicative only.
    Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.

    First Semester

    Class number Class start date Last day to enrol Census date Class end date Mode Of Delivery Class Summary
    2613 20 Feb 2017 27 Feb 2017 31 Mar 2017 26 May 2017 In Person N/A

    Second Semester

    Class number Class start date Last day to enrol Census date Class end date Mode Of Delivery Class Summary
    7589 24 Jul 2017 31 Jul 2017 31 Aug 2017 27 Oct 2017 In Person N/A

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