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Unit of study_
ACCT6010: Financial Reporting for Business Groups
2024 unit information
Advanced issues related to financial accounting for corporate investments in subsidiaries, associates and joint arrangements are relevant to both public listed companies as well as private entities. In this unit of study, students gain a detailed understanding of topics that include: group accounting issues, such as the practical application of the control test; accounting for business combinations, non-controlling interests; intra-group transactions, foreign currency translation; consolidated cash flow reporting; segment reporting; accounting for joint arrangements and associates. A case study approach draws on examples from current corporate financial reporting to illustrate appropriate technical solutions in accordance with international accounting standards and guidelines (International Financial Reporting Standards), as well as the forces that determine the choice of methods. The unit also provides students with an awareness of relevant research to understand both current debates and accounting choices. Students will develop the ability to read and analyse financial reports of corporate groups and to understand the financial reporting implications of management decisions relating to internal reporting and organisational structure.
Unit details and rules
Managing faculty or University school:
Accounting
| Code | ACCT6010 |
|---|---|
| Academic unit | Accounting |
| Credit points | 6 |
|
Prerequisites:
?
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ACCT6001 |
|---|---|
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Corequisites:
?
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None |
| Prohibitions:
?
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None |
| Assumed knowledge:
?
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None |
At the completion of this unit, you should be able to:
- LO1. prepare consolidated financial statements
- LO2. evaluate alternative solutions to financial reporting problems relating to groups
- LO3. choose between financial reporting alternatives in an informed manner
- LO4. communicate the results from the analysis of accounting issues effectively.
Unit availability
This section lists the session, attendance modes and locations the unit is available in. There is a unit outline for each of the unit availabilities, which gives you information about the unit including assessment details and a schedule of weekly activities.
The outline is published 2 weeks before the first day of teaching. You can look at previous outlines for a guide to the details of a unit.
| Session | MoA ? | Location | Outline ? |
|---|---|---|---|
|
Semester 1 2024
|
Normal day | Camperdown/Darlington, Sydney | |
|
Semester 2 2024
|
Normal day | Camperdown/Darlington, Sydney |
Outline unavailable
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Modes of attendance (MoA)
This refers to the Mode of attendance (MoA) for the unit as it appears when you’re selecting your units in Sydney Student. Find more information about modes of attendance on our website.
