Company Accounting
ACC 221 (Offering: 2003)

Description

The company structure is a popular form of business structure. The content of the course may be loosely divided into three sections. One section concerns disclosure of the financial reports of companies and the preparation of the financial statements of companies. This area is governed by the Corporations Law, Australian Stock Exchange requirements and accounting standards set down by the Australian Accounting Standards Board (AASB). The second section covers specific procedures, dictated by AASB standards and the Corporations Law, required to account for company income tax, foreign currency transactions, the recognition and measurement of goodwill and the liquidation of companies. The remaining section of the course concerns investments in other entities including accounting for investments in associated entities and in subsidiary entities. A major part of this section is devoted to the preparation of consolidated financial statements including consolidated cash flow statements.

Major(s)/Minors(s): Accounting

Usual Semester of offer: Semester 2

Other Information

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