Details for Accounting for Groups
This subject presents the methods used to account for corporate groups. Corporate groups may be structured through investments in other entities, which will lead to a number of accounting techniques that may be appropriate in certain circumstances. Depending on the level of control that is exerted by the investor, the investment might be classified as either a subsidiary of the parent, an associate or a joint venture/arrangement. The financial reporting required by Australian Accounting Standards varies with these types of arrangements. The preparation of consolidated financial statements for corporate groups, including the treatment of goodwill, intra-group transactions and non-controlling interests are considered in depth, as are equity accounting and proportional consolidation. Other advanced topics investigated include segment disclosures, related party disclosures, and foreign currency translation. The subject also critically evaluates group accounting, the quality of information produced for users, current issues in accounting regulation and practice on related topics and the politics of the standard-setting process.
Quick Info
- Currently offered by Alphacrucis: Yes
- Course code: ACC301
- Credit points: 10
- Subject coordinator: Philip Lee
Prerequisites
The following courses are prerequisites:
Awards offering Accounting for Groups
This unit is offered as a part of the following awards:
- Associate Degree in Business
- Bachelor of Arts
- Bachelor of Arts and Bachelor of Applied Social Science
- Bachelor of Arts and Bachelor of Business
- Bachelor of Arts and Bachelor of Education (Secondary)
- Bachelor of Business
- Bachelor of Business and Bachelor of Ministry
- Bachelor of Business and Bachelor of Theology
- Diploma of Arts
- Diploma of Business and Diploma of Entrepreneurship
- Diploma of Business and Diploma of Leadership
- Diploma of Business and Diploma of Ministry
- Diploma of Chaplaincy and Diploma of Leadership
- Diploma of Entrepreneurship and Diploma of Leadership
- Diploma of Entrepreneurship and Diploma of Ministry
- Undergraduate Certificate in Arts
- Undergraduate Certificate in Business Studies
Unit Content
Curriculum Objective
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Outcomes
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Subject Content
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This course may be offered in the following formats
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Required Equipment
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Assessment Methods
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Prescribed Text
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Representative References
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