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GSB642 Corporate Accounting

Updated: 02 June 2010
Credit Points 6
Offering
Responsible Campus Teaching Period Mode of Study Online Level
Armidale Trimester 2 Off Campus D - Comp/internet essential
ISBT Melbourne ISBT Semester 2 On Campus C - Internet access required
ISBT Melbourne ISBT Summer On Campus C - Internet access required
ISBT Sydney ISBT Semester 1 On Campus C - Internet access required
ISBT Sydney ISBT Semester 2 On Campus C - Internet access required
ISBT Sydney ISBT Summer On Campus C - Internet access required
TOP Sydney TOP - Trimester 1 On Campus C - Internet access required
TOP Sydney TOP - Trimester 2 On Campus C - Internet access required
TOP Sydney TOP - Trimester 3 On Campus C - Internet access required
Intensive School(s) None
Supervised Exam There is a UNE Supervised Examination held at the end of the teaching period in which you are enrolled.
Pre-requisites GSB701 and candidature in GradCertAcct or GradDipAcct or GradCertMgt or GradDipMgt or MBA or MBus or MPA or MPABus
Co-requisites None
Restrictions MBA642
Notes

Quotas apply to this unit: Trimester 2: 49 off-campus
Combined Units None
Coordinator(s) Kathy Terdpaopong (kterdpa2@une.edu.au)
Unit Description

This unit addresses many financial reporting issues pertaining to Australian companies. It examines a number of accounting standards for eternal reporting requirements. Topics examine include: analysis of the Australian corporate reporting environment inclusive of the conceptual framework; positive accounting theory and the economic implications of accounting numbers; accounting implications of particular accounting for assets which include inventory valuation, acquisition and depreciation non-current assets, impairment and evaluation of non-current assets, impairment testing and amortization of intangible assets; company income taxes, statement of cash flow; accounting for leases; accounting for liabilities such as provision, contingent liabilities and debentures; income statement and events after balance sheet date, accounting for share capital and reserve and earning per share, and accounting for heritage assets, biological assets and extractive industries.
Prescribed Material
Mandatory 		Text(s):

Note: Students are expected to purchase prescribed material

Accounting Handbook 2010
ISBN: 9781442525528
CPA Australia, Prentice-Hall 2010
Text refers to: Trimester 2; ISBT Semesters 1,2 and Summer; TOP Trimesters 1,2 and 3 , On and Off Campus
Australian Financial Accounting
ISBN: 9780070277748
Deegan, C., Irwin/McGraw-Hill 6th ed. 2009
Text refers to: Trimester 2; ISBT Semesters 1,2 and Summer; TOP Trimesters 1,2 and 3 , On and Off Campus
Disclaimer Unit information may be subject to change prior to commencement of the teaching period.
Assessment
Title Exam Length Weight Mode No. Words
Assignment 1 10% Off Campus 1000
Relates to Learning Outcomes (LO) and Graduate Attributes (GA)
LO: 1,2, 3 GA: 1,2,3,4 & 6
Assignment 1 20% ISBT/TOP On Campus 1000
Assessment Notes
Long and Short Questions
Relates to Learning Outcomes (LO) and Graduate Attributes (GA)
LO: 1, 2 and 3 GA: 1,2,3,4 & 6
Assignment 2 20% ISBT/TOP On Campus 1000
Assessment Notes
Long and short questions
Relates to Learning Outcomes (LO) and Graduate Attributes (GA)
LO: 3,5 & 6 GA: 1,2,3,4 & 6
Assignment 2 20% Off Campus 1000
Relates to Learning Outcomes (LO) and Graduate Attributes (GA)
LO: 3, 5 & 6 GA: 1,2,3,4 & 6
Final Examination 2 hrs 60% ISBT/TOP On Campus
Assessment Notes
Long and short questions
Relates to Learning Outcomes (LO) and Graduate Attributes (GA)
LO: 1, 2, 3, 4, 5 & 6 GA: 1, 2, 3, 4, & 6
Final Examination 2 hrs 70% Off Campus
Assessment Notes
Long and Short Questions
Relates to Learning Outcomes (LO) and Graduate Attributes (GA)
LO: 1,2,3, 4, 5 & 6 GA: 1,2,3,4 & 6

Learning Outcomes (LO) Upon completion of this unit, students will be able to:
  1. have a knowledge of how accounting regulation is developed, the changes and its effects, which include theories of Financial accounting, positive accounting theory, creative accounting and apply and justify the various accounting standards applicable in Australia;
  2. understand how to account for tangible assets such as inventory valuation, and acquisition and depreciation of property, plant and equipment. Be aware of the effects of different methods that have been used in a reporting entity;
  3. understand the theories and application for impairment and revaluation of non-current assets and intangible assets such as goodwill and research and development expenses;
  4. understand the accounting for company income taxes, the differences between accounting rules and tax rules and their effects;
  5. understand how to provide and apply the use of cash flow statement, and notes to the statements of cash flows in practice;
  6. understand the accounting for liabilities and owners' equity, which include accounting for leases, liabilities such as provisions, contingent liabilities and debentures, the income statement, the events occurring after balance sheet dates and earnings per share. Also, understand the accounting for heritage assets, biological assets and extractive industries.

Graduate Attributes (GA)
Attribute Taught Assessed Practised
1 Knowledge of a Discipline
 True True True
2 Communication Skills
 True True True
3 Global Perspectives
 True True
4 Information Literacy
 True True True
5 Life-Long Learning
 True
6 Problem Solving
 True True True
7 Social Responsibility
 True
   

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